Kunofsky of Marcus & Millichap's Manhattan office brokers $2.4m sale

Marcus & Millichap Real Estate Investment Services has sold the Lone Star Steakhouse & Saloon, a 7,061 s/f single-tenant net-leased property, according to Edward Jordan, regional manager of the firm's Manhattan office. The sales price was $2.4 million. Glen Kunofsky, senior VP investments and a senior director of the firm's national retail group and net leased properties group in Marcus & Millichap's Manhattan office, had the exclusive listing to market the property on behalf of the seller. The buyer was secured and represented by Brian Parmacek, senior associate, and Stephen Rachman, VP investments, both of Marcus & Millichap's Chicago downtown office.

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Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.

Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10^thSt. in Greenwich Village

Houlihan Lawrence Commercial sells residential development site for $2.1 million

Houlihan Lawrence sells development site for $2.1m

GFP Real Estate signs Knit Illustrated to 4,051 s/f five-year lease at 247 West 37th St.

GFP R.E. signs Knit Illustrated to 4,051 s/f at 247 West 37th St.

The Feil Organization signs 15-year, 46,000 s/f renewal with Thompson Coburn LLP at 488 Madison Ave.

Feil signs 46,000 s/f renewal with Thompson Coburn at 488 Madison Ave.

Cushman & Wakefield arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma, LLP

C&W arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma

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Winter Water Woes: How to Keep Your Apartment Building’s Sump Pump from Freezing This Season - by Evan West

Columns and Thought Leadership

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Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent

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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