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1 QPS Tower in Long Island City, Queens 1 QPS Tower in Long Island City, Queens

NEW YORK CITY—A fund managed by the Carlyle Group is paying $284 million for 1 QPS Tower, a luxury, multifamily rental in Long Island City, Queens, as first reported in The Wall Street Journal.

The news outlet reported Will Silverman, a managing director at Hodges Ward Elliott, represented the joint venture selling the property, which includes Property Markets Group, New Valley, and the Hakim Organization.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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