It turns out that RXR Realty partnered with Los Angeles-based LBA Realty to buy three Queens properties for $72 million. Through a 50-50 partnership, LBA Realty and RXR purchased development sites at 54-15, 55-15 and 56-19 Grand Avenue in Maspeth, Crain’s reported. The Real Deal first reported the sale, though it wasn’t clear at the time that RXR was part of the deal. The owner of the properties, Cascade, was initially in talks with the […]
source https://therealdeal.com/2018/03/20/rxr-partners-with-california-firm-to-buy-queens-dev-sites/
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