New York City Multifamily Transactions Dip As Investors Find Footing

Since the Housing Stability and Tenant Protection Act of 2019 (HSTPA) in June, multifamily transactions have lagged.

       

source https://feeds.feedblitz.com/~/608420268/0/globest/new-york~New-York-City-Multifamily-Transactions-Dip-As-Investors-Find-Footing/

Brooklyn Investors Flock to Minted Multifamily and Hotel Assets

Newly constructed multifamily and hotel assets in Brooklyn has drawn a flock of investors desiring long term upside for the free-market units,

       

source https://feeds.feedblitz.com/~/608417067/0/globest/new-york~Brooklyn-Investors-Flock-to-Minted-Multifamily-and-Hotel-Assets/

Midtown South Production Company Renews 34K SQ FT Lease

Midtown South-based production company Left/Right renewed its 34,000-square-foot lease at 39 West 19th St.

       

source https://feeds.feedblitz.com/~/608418758/0/globest/new-york~Midtown-South-Production-Company-Renews-K-SQ-FT-Lease/

SL Green Secures Two Leases Totaling 65K SQ at One Vanderbilt

Situated in Midtown East, the skyscraper is dated for completion in 2020 and is 64 percent leased.

       

source https://feeds.feedblitz.com/~/608402418/0/globest/new-york~SL-Green-Secures-Two-Leases-Totaling-K-SQ-at-One-Vanderbilt/

Knotel Establishes Boston Beachhead in North Station

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.”

       

source https://feeds.feedblitz.com/~/608401332/0/globest/new-york~Knotel-Establishes-Boston-Beachhead-in-North-Station/

The Lightstone Group Bets on Affordable Hotels Against Market Slowdown

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.

       

source https://feeds.feedblitz.com/~/608388034/0/globest/new-york~The-Lightstone-Group-Bets-on-Affordable-Hotels-Against-Market-Slowdown/

Morgan Properties Buys 18,000 Unit Portfolio from Embattled Firm

Morgan Properties acquired the portfolio from Pittsford, NY-based Morgan Communities, which has no relation to the Pennsylvania-based company.

       

source https://feeds.feedblitz.com/~/608384730/0/globest/new-york~Morgan-Properties-Buys-Unit-Portfolio-from-Embattled-Firm/

Long Island Hotels Prepare For 2020 Low Finishing Year-End Strong

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.

       

source https://feeds.feedblitz.com/~/608360660/0/globest/new-york~Long-Island-Hotels-Prepare-For-Low-Finishing-YearEnd-Strong/