Midtown South-based production company Left/Right renewed its 34,000-square-foot lease at 39 West 19th St.
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Midtown South-based production company Left/Right renewed its 34,000-square-foot lease at 39 West 19th St.
Situated in Midtown East, the skyscraper is dated for completion in 2020 and is 64 percent leased.
Eugene Lee, Knotel’s chief investment officer and global head of real estate, says the firm is seeing strong customer demand in Boston expects the firm to have “many more buildings (in Boston) in 2020.”
Lightstone is bullish on affordable hotel investments, viewing the asset type as not only lucrative but recession-proof in the case of a market slow down.
Morgan Properties acquired the portfolio from Pittsford, NY-based Morgan Communities, which has no relation to the Pennsylvania-based company.
Average daily room rates for Long Island properties will remain steady at 1.5 to 2 percent as a result of slow market growth and little exposure.
Dubbed The Company Building, 335 Madison is meant to serve as a hub for the city’s top talent with its campus feel.
ATCO Properties & Management has completed four new leases and renewals totaling 25,127 square feet at 630 Third Ave.
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