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The property features an attractive four spaces per 1,000 square feet parking ratio, a remodeled conference and training facility, a modernized deli, and a state-of-the-art fitness center.
The director of research, New York at JLL, says L&L and Normandy's acquisition reflects the insatiable demand for this type of product in Midtown South.
The State Department of Tax and Finance estimates the capital gains tax cut, if implemented, would reduce state tax revenues by up to $500 million annually.
The fully racked freezer space at 180 Raritan offers temperatures as low as -20 degrees, which CBRE senior vice president Lou Belfer says is a unique feature in the market.
With the unemployment rate at 4%, many companies are taking a cold hard look at just what employees, especially the decision-driving Millennials, want in office spaces.
Staggering rent growth and no impact on leasing velocity illustrate strong fundamental health for many of the top-performing universities and the student housing properties surrounding them.