Racanelli of Farrell Fritz elected first VP of Flushing-Willets Point-Corona Local Development Corporation
According to Farrell Fritz, partner John Racanelli was elected first vice president of the Flushing-Willets Point-Corona Local Development Corp.
Racanelli, an Oyster Bay, NY resident, focuses his practice on commercial real estate acquisitions, development, leasing and financing, and on construction. He earned his Juris Doctor degree from New York University School of Law and his Bachelor of Arts degree from Georgetown University.
The Flushing-Willets Point-Corona Local Development Corp. is comprised of stakeholders seeking to develop a comprehensive set of economic development goals for this region of north-central Queens.
Queens, NY Investment Property Realty Group (IPRG) arranged The Vaja Group’s $26.39 million acquisition of 24-41 31st St., a fully entitled development site in Astoria. The 29,638 s/f site traded for $176 per buildable s/f.
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