Alison Levasseur

📸 Exciting news for couples planning to tie the knot at NYC's iconic City Hall! I’ve just published a comprehensive guide to help you plan your special day. From essential paperwork to insider tips on making the most of your ceremony, I’ve covered it all. 🌆💍 Whether you're a bride, a groom, or a wedding planner, this guide is packed with valuable information to ensure your City Hall wedding is as magical as you’ve envisioned. #NYCWeddings #CityHallWedding #WeddingPlanning Check it out here and let me know your thoughts:

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The sound stage segment ✅ is having its moment right now. From 🧪 Labs to Lenses 📸 : The Surprising Shift in Long Island City's Real Estate Saga In a striking turn of events for 🗽 New York's real estate and entertainment sectors, Alexandria Real Estate Equities has sold a prime Long Island City property, initially intended for life sciences development, to a film studio at a significant loss. Acquired in 2019 for $25M, the 52,000 square foot site at 47-50 30th Street, formerly a printing hub, has been offloaded for $19.1M. This sale marks a 23% decrease from its purchase price, highlighting the shifting dynamics in the area's real estate landscape. The buyer, CM LIC Studios 30th Street II, is a shell company linked to Cine Magic, known for developing and operating television and movie studios. Cine Magic, having sought financial assistance from the New York City Industrial Development Agency, plans to transform this property into a support space for its adjacent production studio at 30-15 48th Avenue. This transaction underscores a broader trend in Queens, particularly in Long Island City, where film studio developments have been on the rise. Notable projects include the Robert De Niro-backed Wildflower Studios and the 340K SF production campus in Sunnyside. This burgeoning interest in film production contrasts sharply with the borough's initial aspirations of becoming a hub for the life sciences industry. Factors like scarce mid-sized real estate suitable for life sciences startups transitioning from incubators have further complicated this vision. Meanwhile, Alexandria retains ownership of another Long Island City property at 30-02 48th Avenue, a 179K SF space, hosting firms like RenBio and Envisagenics. However, this site remains approximately 70% vacant. This development raises critical questions about the future of New York City's life sciences sector, especially in the face of an expanding entertainment industry footprint. With the Class-A office space vacancy in Long Island City hitting 43.1% by the end of 2022, the area's real estate dynamics continue to evolve, presenting new challenges and opportunities for investors and developers alike. What do you think about this shift in Long Island City's real estate focus? Share your insights! Contact us if you have property in the TriState area that needs redevelopment. #RealEstateTrends #NYCProperty #LifeSciencesVsFilmIndustry

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