Front Section

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account

Clear Street signs long-term extension/expansion at 4 World Trade Center

Manhattan, NY According to Silverstein Properties, Clear Street has committed to a 10-plus-year lease extension, as well as an expansion to grow its headquarters to nearly 88,000 s/f at 4 World Trade Center, the 72-story tower in Lower Manhattan.

Simone Development leases 1,909 s/f medical space to North Dermatology

Queens, NY Simone Development Companies negotiated a new long-term lease with North Dermatology for 1,909 s/f of medical space at 35-30 Francis Lewis Blvd. in Flushing.

Klein and Lefkowitz of Houlihan Lawrence Commercial sell .76 acre site

Mohegan Lake, NY Houlihan Lawrence Commercial has sold 3116 East Main St. This .76 acre commercial pad site, zoned CD – Designed Commercial, is located on the north side of Rte. 6, three miles west of the

Kelleher, Lebor, Marks and Cosentino of TerraCRG close $3.325 million sale of 5,518 s/f mixed-use building

Brooklyn, NY TerraCRG has brokered the sale of 233 South 3rd St., a 5,518 s/f vacant, mixed-use building in Williamsburg for $3.325 million on July 1, 2025. The deal was exclusively brokered by Michael Kelleher, Daniel Lebor, Dan Marks and Matt

IREON Insights: Potential opportunities and benefits to taxpayers from recent IRS cutbacks - by Richard Levychin

Recent budget and staffing reductions at the Internal Revenue Service (IRS), particularly under the Trump administration’s Department of Government Efficiency (DOGE) initiatives in 2025, have reshaped the agency’s operations. With workforce cuts ranging

Park and Zalta of Platinum Commercial represent Kim’s Bap in 2,500 s/f lease at 496 6th Ave.

Manhattan, NY Kim’s Bap, a modern revival of Korea’s beloved kimbap house, is coming to New York City’s Greenwich Village and will be opening its first outpost in the U.S. at 496 6th Ave., according to exclusive listing

Why Long Island City’s “One LIC” rezoning could hurt property values - by Cole Kinney Leonhardt

The recent “One LIC” rezoning proposal — a sweeping land-use change aimed at boosting housing production in Long Island City — has sparked growing concern among property owners, as all upzoned sites will be subject to Mandatory Inclusionary

Brown Altman secures approvals for 4,359 s/f McDonald’s project

East Patchogue, NY Brown Altman, LLP represented McDonald’s Corp. in securing all necessary approvals to redevelop its restaurant at 769 Montauk Hwy. Founding partner Keith Brown and partner Matthew Ingber navigated this approval process,

LargaVista Cos. and Baron Property Group complete lease-up of The Park Overture

Manhattan, NY LargaVista Companies and Baron Property Group (BPG) have completed the lease-up of The Park Overture, a 92-unit residential building in the Washington Heights neighborhood. In conjunction with this lease-up completed in less than one year, BPG