Blackstone’s Property Partners vehicle, an open-ended fund that has led the investment giant’s push into the New York rental market, has agreed to pay about $500 million, or approximately $382,000 per unit, for Parker Towers, in the Forest Hills neighborhood…
A 9-acre site will be redeveloped into a 98-residence community called Cornerstone at Hauppauge.
AvalonBay plans 172 apartments for an 11.6-acre site formerly used as an oil storage facility.
The 56-acre estate was once owned by a granddaughter of John D. Rockefeller.
The three highest-priced home sales in Commack last month ranged from $699,000 to $819,000.
The five-story building at 40 West Columbia St. has 112 apartments for low-income renters.
Blackstone is set to swallow up another massive New York apartment complex in a deal that, once completed, would stand as the second largest single multifamily sale in the state this year.
The 48.5-acre site will be redeveloped into a warehousing and distribution complex.
The luxury retailer Henri Bendel is closing all 23 stores, including its only Long Island location at Walt Whitman Shops.
The three highest-priced home sales in Babylon last month ranged from $710,000 to $999,999.
The three highest-priced home sales in Port Jefferson last month ranged from $550,000 to $960,000.