Muss Development has signed AC Physical Therapy to a 10-year, 1,486-square-foot lease at 4434 Amboy Road on Staten Island, The Commercial Observer has learned. Asking rent was approximately $25 per square foot.
“It is a very local, convenient place to work for a lot of people on Staten Island,” said Jason Muss, principal at Muss Development. Read More
Document Technologies has signed an 8-year lease for an additional 7,852 square feet at Muss Development’s 64 West 48th Street. Asking rents for the property range from the low to mid $40s per square foot.
“We think they’re happy in the building, which is great,” Jason Muss, principal at Muss Development told The Commercial Observer. “It is part of why they’re expanding.” Read More
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Central Medical Services of Westrock, a medical practice specializing in workers’ compensation cases, has signed a 10-year, 4,150-square-foot lease on the ninth floor of Forest Hills Tower in Forest Hills, Queens, The Commercial Observer has learned. Asking rent for the building is in the mid-$30s per square foot.
CMSW will occupy the space in the Muss Development property at 118-35 Queens Boulevard beginning in May. The practice is headquartered in Brooklyn with satellite offices in Jamaica, the Bronx, Syosset and White Plains. Read More
Advance Auto Parts will be opening a new location on Staten Island.
The auto-parts seller has signed a lease to take 6,800 square feet at Muss Development‘s Eltingville Shopping Center. Located at 4310-4370 Amboy Road, the shopping center is accessible to over 300,000 residents within a five mile radius. Read More
Hill Country has signed a long-term lease for 11,000 square feet at 345 Adams Street in Downtown Brooklyn, it was announced today.
The Texas-themed restaurant operates two locations in Manhattan, at 30 West 26th Street and 1123 Broadway, the site of Hill Country Chicken. Hill Country also hosts live music at their Boot Bar.
Hill Country will occupy space at 345 Adams alongside Panera Bread and Potbelly. The barbeque restaurant will also share a pedestrian plaza along Adams Street and Willoughby Street with Shake Shack. Read More
The Brooklyn Chamber of Commerce has signed a 10-year lease for 4,426 square feet at Muss Development’s Brooklyn Renaissance Plaza at 335 Adams Street in Downtown Brooklyn, it was announced last week. Asking rent was $40 per square foot.
“They were looking for an overall upgrade,” Jason Muss, principal at Muss Development, told The Commercial Observer. “They wanted to send the message that the Chamber is thriving and attracting new members.”
The Chamber of Commerce is expected to occupy the new space sometime in the second quarter. New offices will be added to the space, but there will be few other changes, according to Mr. Muss.
Currently, the Chamber of Commerce is located at 25 Elm Place, also in Downtown Brooklyn. Read More
As forecasters became more and more certain that a monster storm named Sandy was barreling toward Manhattan in the 48 hours leading up to its landfall on Monday, October 29, Real Estate Board of New York President Steven Spinola lay in a hospital bed recovering from a sudden medical emergency.
But the hospital stay didn’t Read More
The whirlwind negotiations between the Federal Emergency Management Agency and Muss Development to create an impromptu relief outpost in Queens in the days following Hurricane Sandy’s descent on New York would not have happened had it not been for one of the real estate industry’s leading dynasties.
In a deal that would later come to symbolize the overall dedication of the city’s real estate titans, government officials and executives banged out terms for 200,000 square feet of temporary space at the Forest Hills Tower in a mere five days, a minor miracle in the world of office leasing. Read More
FEMA spokesperson William Rukeyser described the ad-hoc, jumbled feel of the company’s impromptu space in the Forest Hills Tower like a scene from a hard-hit neighborhood, with hanging wires, antennas strapped to the ceiling, Post-It notes and sheets of paper with various instructions scattered about, and impromptu folding tables holding printers and other office equipment. Most seemed at a loss for words when assessing damages.
“It’s—It’s—It’s just a mess,” Durst Organization spokesperson Jordan Barowitz told The Commercial Observer less than a week after the storm hit, struggling to describe the destruction in Lower Manhattan. Read More
America Works is expanding to a new office in Jamaica, Queens.
The private organization that helps transition workers to the private sector will be taking a 9,386-square-foot office at Muss Development‘s 88-11 165th Street.
“America Works only wanted to be located within a small grid in both Brooklyn and Queens that was centrally located [and] Read More
On Thursday, Nov. 1, Virgo Business Centers made 27,321 square feet of temporary, furnished office space available at 14 Penn Plaza. Companies displaced by Hurricane Sandy filed in one by one, and by the following Thursday, the space was full.
“Typically, that process takes about a year,” said Pasha Erkin, director of sales at the company. “It’s all about readiness. You could literally bring me 40 people today, and I could have the space ready tomorrow. All you have to do is walk in, flip on a switch, plug in and start working.”
In that building alone, the company took on 177 employees from displaced companies like Coronet, amfAR, Linda Decorato, Ambrose and others located on the eastern tip of Downtown and other areas hit hard by the hurricane. Read More
The Federal Emergency Management Agency has pulled together a Queens home base for its Hurricane Sandy relief efforts in a matter of days.
FEMA, as the agency is better known, is taking 200,000 square feet across 10 of 17 floors in the Forest Hills Tower, located at 118-35 Queens Boulevard in Forest Hills, Queens.
Negotiations began last week with owner Muss Development, and by Sunday the relief agency had begun its move into the building. Read More
The list of real estate companies teaming up with the New York City Economic Development Corporation to donate free, temporary office space in the wake of Hurricane Sandy continues to grow.
The latest, The Lightstone Group, announced Friday that it will make 11,000 square feet of space available at 1407 Broadway through a city program for a period up to six months. Read More
On a recent late-summer conference call, William Rudin, Michael Rudin and Samantha Rudin Earls—three members of one of New York City’s most venerable commercial real estate families—were engaged in a bit of dactylonomy.
The three weren’t trying to come up with the number of buildings currently in the family’s commercial and residential portfolio, but rather were adding up the number of family members currently working at the company.
“That’s two, four …” Some names were mumbled. After a little back and forth, they settled on nine.
In a city known for the prominence of a handful of families in commercial real estate, single names like Rudin, Durst, Rose, Muss and LeFrak have come to symbolize the industry. These families have survived the worst economic catastrophe since the Great Depression while witnessing, along with the rest of us, the rise of real estate investment trusts, the top three of which now have a combined New York portfolio of roughly 67.6 million square feet.
In a era when the word ‘dynasty’ is often overused and left to trail behind words like—let’s face it—‘sports’ or ‘Kardashian,’ it finds true meaning when one surveys these biggest families in New York commercial real estate. Many of them, after all, are generations old and still control vast portfolios of properties while wielding the type of power that only comes with reputation and recognition. Read More
Former municipal space at 345 Adams Street in Downtown Brooklyn is nearly fully leased, thanks to two new deals at the building. The leases leave the retail space’s vacancy at just 1,000 square feet.
Muss Development bought the space—the first two floors—in 2007 and is undertaking a multi-million dollar capital campaign to convert the floors for retail use. A total of 35,785 square feet of retail space there was involved in the project, heralded by the city’s Economic Development Corp. as an important component of Downtown Brooklyn’s future. Read More
