News

The three leases were signed for One Vanderbilt and 355 West 57th St.

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."

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

The new lease agreement for 1776 G Street in Washington DC, has been extended through 2025.

The 164,360-square-foot building is currently 85% leased to 17 high quality tenants at below market rents. The property has undergone $4.2 million in exterior building upgrades, site work upgrades and interior improvements over the past two years.

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.

Among some of the key prevailing trends in the market include strong activity by food tenants that are expanding or debuting new dining concepts in the area.

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