Economy

With commercial buildings asking $92,000,000 in Flushing, is the neighborhood becoming the next hot real estate market for investors? Crain’s seems to thinks so, due to the area’s high population, incredible diversity and thriving economy. International investment — Chinese money in particular — is also pushing up property prices. When the property at 112-21 Northern…

This past Friday, State Controller Thomas DiNapoli announced that Queens strongly rebounded from the recession and Hurricane Sandy, with the borough showing impressive job growth in the private sector. New York Daily News reports that last year Queens boasted 486,160 private sector jobs and came in just behind Manhattan in terms of employment. The majority…

Today, State Comptroller Tom DiNapoli’s office released a report saying that the contribution of immigrants to the city’s economy increased by 63 percent from 2000 to 2011 — that’s faster than the contributed growth rate by New York natives, which grew 53 percent. In Queens, immigrants helped revitalize the neighborhoods of Corona, Elmhurst, Flushing and…