Local Queens developer Gary Tsan has acquired a 200,000-square-foot development site situated in a qualified Opportunity Zone in the Downtown Flushing submarket for $58 million, or approximately $290 per buildable square foot. The one-acre development is located at 133-25 37th Ave., and is said to be one of the last large land parcels available in the submarket.

The investment in Cal Twin Towers provided Adler's investors with cash flow and substantial appreciation for the duration of the hold period, recently selling to local investor Steve Blumer for $26 million.

The mixed-use office and retail tower under development in Downtown Manhattan's Financial District at 25 Park Row is seeing a wave of interest from retailers, some with small-to-large footprints and letters of intent for flagship buildouts.

The firm, which provides care and support to older adults and people with disabilities in their homes and community-based settings, has signed a long-term lease for 76,313 square feet of space at the landmark Sullivan Center at 1 S. State St.