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Alta Alta, 29-22 Northern Boulevard, Long Island City, Queens

NEW YORK CITY—Square Mile Capital has made a $138.5 million preferred equity investment as part of the recapitalization of Alta, a 43-story residential building. The 467-unit apartment project with ground floor retail is located at 29-22 Northern Boulevard in Long Island City, Queens. The development broke ground in 2015, was completed this year, and began leasing in May.

Betsy Kim

Betsy Kim is 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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