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MAYER MALBIN IS LEAVING LIC, 4000 MORE APARTMENTS COMING?

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Roll away, the dew
Used to be I could drive up to
Barstow for the night
Find some crossroad trucker
To demonstrate his might
But these days it seems
Nowhere is far enough away
So I’m leaving Las Vegas today

MAYER Malbin, “New York’s Premier Supplier of Pipes, Valves & Fittings,” is leaving their home in Long Island City after nearly a century.  The company just purchased a 41,000 sq ft building and land in Woodside for their office and distribution center, a deal brokered by Brian Jaffe at Jaffe Realty LLC.  The price they paid was $22.75 million, which to neophytes including myself might seem a meaningless number, until contrasted with what the seller paid for the building only last year: $9 million.

Yikes, that’s a walloping premium, what could the 4th generation descendants of poor Mayer who currently run the business be thinking (or smoking)? [Read more…] about MAYER MALBIN IS LEAVING LIC, 4000 MORE APARTMENTS COMING?

BRENT O’LEARY ON AMAZON HQ2

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Brent O’Leary

Back in August Brent O’Leary, a long time community advocate and President of the Hunters Point Civic Association, announced he was running for City Council in 2021.  Thus I was somewhat surprised not to hear or read anything from him on Amazon HQ2.  As it turns out the announcement occurred just as he was in the midst of the annual food drive he oversees for Thanksgiving.  Then between end of year activities and publishing schedules here we are in early January with nary a word.

Nevertheless Brent has an opinion on Amazon coming to Long Island City, and though we don’t necessarily see eye-to-eye on this subject, he is a man who’s thoughts I value highly, so here is his statement: [Read more…] about BRENT O’LEARY ON AMAZON HQ2