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Real Estate Rumor Mill: SunCap, Great Eagle, Douglaston

By Andrew McIntyre ( June 4, 2015, 8:36 PM EDT) -- SunCap Property Group and Parkwill Management Corp. are selling an East New York site — which could become a FedEx distribution center — to Rector Hylan Corp. for roughly $190 million, The Real Deal reported, citing sources. The companies paid $40 million for the property at 830 Fountain Ave., which is entitled for nearly 430,000 square feet of building, The Real Deal said....

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