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Real estate roundup: Property Markets Group receives $130M for planned LIC rental tower

Photo courtesy of Property Markets Group 

Property Markets Group gets $130M financing for LIC tower

“Kevin Maloney’s Property Markets Group has locked down more than $130 million in construction financing for its planned 44-story rental tower in Long Island City, property records filed with the city today show.” Read more [The Real Deal]

New sushi restaurant to open on Vernon

“A new sushi restaurant is opening on Vernon Blvd. The restaurant will be located at 46-44 Vernon Blvd between Alobar and  Petey’s Burger.” Read more [LIC Post]

Homeless shelter sparks heated debate at Police Precinct meeting

“The Westway Motor Inn, which was converted into a full-time homeless shelter in July, was at the center of some heated discussion at this month’s 114th Police Precinct meeting on Tuesday. Several residents claimed that there had been an uptick in crime near the 71-11 Astoria Blvd. shelter and that the quality of life for nearby residents is on the decline.” Read more [Astoria Post] 

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