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A blog for breaking sales and neighborhood real estate news.

Bloomberg Business | November 11, 2015 | Oshrat Carmiel

On the eastern fringe of New York’s Long Island City, far from the apartment towers that are remaking the skyline, one real estate owner wants to know how much investors might pay for office space.

In the past 18 months, Manhattan landlords Vornado Realty Trust and RXR Realty LLC bought office properties in the same area of the Queens neighborhood for $325 and $346 a square foot, respectively. Now, a smaller listing nearby will seek to top those deals. The package of two adjoining buildings is going on the market Wednesday for $29 million, or $375 a square foot...

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Neighborhoods: Long Island City