Should real estate pros fear if Amazon pulls HQ2 from New York?


Many real estate developers have been banking on Amazon.com Inc.'s bringing a new headquarters to Queens.

However, local backlash may foil the plans of the Jeff Bezos-led company as well as the real estate hawks circling Long Island City (LIC). Amazon executives are now rumored to be reassessing the New York headquarters and that could make investors nervous.

"Any rumor of this nature can cause a lot of damage," Ideal Properties co-founder Aleksandra Scepanovic said. "The real estate market in…

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