Amazon Loss Stings, but Long Island City Real Estate Shrugs It Off

The urgent inquiries for office space from companies aiming to do business with Amazon.com Inc. have long ceased. The near-constant flurry of calls from would-be investors in commercial buildings and condominiums has eased.

But the real-estate market in Long Island City has done just fine in the year since Amazon nearly made it a new home. The Queens neighborhood was suddenly the hottest in New York City after the giant retailer said in November 2018 it would open a headquarters there, bringing 25,000 employees to the area….

https://www.wsj.com/articles/amazon-loss-stings-but-long-island-city-real-estate-shrugs-it-off-11573900200?mod=pls_whats_news_us_business_f

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