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Acquisitions

Real Estate Roundup 8.9.19

Leasing

Longevity Brands has signed a 10-year lease for 33,952 SF at Alduwaliya Asset Management’s 250 West 39th Street. Asking rent was $56 per SF on the deal. (CO)

Rock Center landlord Tishman Speyer won’t renew the lease on Patina’s Sea Grill, Rock Center Cafe and Cucina & Co. when it expires in January 2020. (NYPost)

New York & Company has signed a 15,115 SF lease in Jamaica, Queens. The women’s fashion manufacturer and retailer will open a new store at the Mattone Group’s 159-10 Jamaica Avenue. (CO)

Facebook is in talks to take on a much bigger lease at Manhattan’s Hudson Yards, giving the social media company space across three buildings at the $25 billion mega-project. (Bloomberg)

Other news

Zillow wants to keep cashing in on flipping homes, but first it needs to stop losing money. (CNN)

SoftBank’s Vision Fund 2 plans to begin investing as soon as next month. (WSJ)

WeWork tried landing video deals with NBC and Martin Scorsese. (Bloomberg)

Falling bond yields have pushed mortgage rates to their lowest level in nearly three years, spurring a rush by homeowners to refinance. The rate on a 30-year, fixed-rate mortgage fell to 3.6% –– that rate was nearly 5% in November. Mortgage rates are closely linked to yields on 10-year Treasury notes, which fell to 1.70%, the lowest since October 2016. (WSJ)

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