Developer plots 270-unit project on vacant Queens parcels

June 24, 2025 / no comments

After holding the lot for close to a decade, developer Sam Zirkiev is planning to deliver nearly 300 units to Queens. Zirkiev recently filed a rezoning application with the Department of City Planning for a project at 135-27 Sapphire Street in the borough’s Lindenwood neighborhood, Crain’s reported. The developer told the outlet that the area […]

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Appeals Court Revives CREXi Claim That CoStar Monopolizes CRE Information Markets

June 24, 2025 / no comments

A court will consider antitrust claims against real estate information company CoStar Group after a federal appeals court deemed a competitor’s arguments credible.
Los Angeles-based CREXi, which operates an online commercial real estate marketplace, “plausibly” argued that CoStar could be in violation of the Sherman Antitrust Act and wield monopoly power over the commercial real estate data market, the U.S. Court of Appeals for the 9th Circuit said in an opinion published Monday.

Amazon’s £40B UK Investment Will Centre On Property

June 24, 2025 / no comments

Amazon is set to invest £40B in the UK in the next three years, the company said in a joint announcement with the UK government — and real estate is at the centre of its strategy. 
The tech giant will build four large fulfilment centres, it said in a statement, one near Hull, one near Northampton and two in the East Midlands. About 4,000 people will be employed across the four sites, Amazon said. 
Amazon will also invest in new last-mile delivery hubs and spend money upgrading its existing delivery network. 
In addition to new logistics facilities, Amazon will spend £8B building an unspecified number of data…

Joe Tsai’s BSE Global plans youth basketball facility at vacant Pacific Park site

June 24, 2025 / no comments

A former Modell’s once slated to become office towers as part of the troubled Pacific Park megadevelopment will open this fall as a youth basketball training facility. Alibaba co-founder and Brooklyn Nets owner Joe Tsai’s BSE Global will operate the 18,600-square-foot multi-court facility at 140 Flatbush Avenue, according to a press release. BSE is the […]

This article originally appeared on The Real Deal. Click here to read the full story.