Simon Baron Development Group just inked a $54 million deal for a 400,000-buildable-square-foot site at 29-26 Northern Boulevard near Queens Plaza in Long Island City. Simon Baron purchased the land from Rabsky Group, which acquired the lot for a relative bargain$35 millionlast fall. Simon Baron is expected to continue developing the 44-story, 400-unit residential rental tower Rabsky laid out. [TRD]
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