Front Section

Bergman of Muss Development signs Mediterranean restaurant at 7000 Austin St.

Queens, NY Muss Development LLC has completed a long-term restaurant lease at its 7000 Austin St. property in Forest Hills. The Mediterranean restaurant, scheduled to open by year’s end, will occupy the 8,631 s/f first floor. The space was most recently occupied by TGI Fridays.

Korean lenders and Ocean West Capital Partners foreclose on 285 Madison Ave.

Manhattan, NY Ocean West Capital Partners (Ocean West) led the UCC foreclosure of 285 Madison Ave., a 511,000 s/f office property located in Midtown near Grand Central Terminal. Ocean West represented the mezzanine lender, which was comprised of a consortium of some of the largest insurance companies in

Cleeman Realty facilitates sale of net lease Price Rite property

Buffalo, NY Cleeman Realty Group sold a Price Rite property at 1716 Kenmore Ave. The 40,830 s/f retail property, situated on 3.25 acres, is fully leased to Price Rite Marketplace. The property is located in a densely populated retail corridor of the city. Michael Cleeman and Sam Seelenfreund of Cleeman Realty Group represented both the seller and the

The clock is ticking: Secure New York City’s 35-year tax abatement before it’s too late - by Robert Khodadadian

If you’re considering converting your office property to residential use, the window to take advantage of one of New York City’s most valuable real estate incentives is closing fast. The 35-year real estate tax abatement under Program 467-m offers a major financial opportunity — but only if your

Aziz and Sharabani of Meridian Retail lease space to Shah’s Halal

Manhattan, NY Meridian Retail Leasing arranged a 15-year lease for Shah’s Halal at 720 Amsterdam Ave. in the Upper West Side. Meridian’s Noam Aziz and Carson Sharabani represented both the landlord, Esther Perlstein, and the tenant in the transaction.

Houlihan Lawrence and NestEdge broker $1.03 million sale of development site

White Plains, NY Houlihan Lawrence Commercial, a division of Houlihan Lawrence, brokered the sale of a fully approved 12-unit multifamily development site located at 60 S. Kensico Ave. The purchase price was $1.03 million. The purchaser was represented by Garry Klein, regional manager of Houlihan Lawrence

HUNT Real Estate named #1 ERA brokerage

Buffalo, NY HUNT Real Estate ERA has once again secured its position as the top-performing brokerage in the ERA Real Estate network, earning the #1 ranking in both sales volume and units sold for 2024. This achievement marks the sixth consecutive year that HUNT has led the ERA network, reinforcing its

Dunne, Apfel and Langer of CBRE sell 60 S. Broadway for $27 million

White Plains, NY CBRE negotiated the $27 million sale of 60 S. Bdwy., a 3.58-acre development site to Alexander Members Holding LLC, a subsidiary of Stagg Group. The CBRE team of Jeffrey Dunne, Eric Apfel, and Travis Langer represented the seller, Quarterra Multifamily Communities.

CoreNet NYC names 2025 board of directors

New York, NY The CoreNet Global New York City Chapter (CoreNet NYC) named its 2025 board of directors. At the helm as chair is Mindy Williams, director, head of client development at Turner & Townsend.

Technico Construction begins $124 million restoration/preservation of Lexington Ave. Armory

Manhattan, NY Technico Construction Services, Inc. has begun the $124 million restoration and preservation of the historic Lexington Avenue Armory at 68 Lexington Ave. Built in 1906, this landmark has stood as both a military hub and cultural venue for generations.