New York City

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Rizzo Group, a building code, zoning and land use consultingfirm, has signed on for 10 years in an 8,790-square-foot space onthe fifth floor at W&H Properties' 1333 Broadway. The space wasamong the last remaining availabilities at the 358,240-square-footoffice property, which recently completed a $71-million upgrade.Newmark Knight Frank's William Cohen and Steve Renbaum spoke forRizzo, while the firm's Brian Waterman, Jonathan Fanuzzi and BrandlFrey represented W&H. Asking rent was reportedly $45 per squarefoot.

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While development sites have been among the slower salescategories during the current downturn, Massey Knakal RealtyServices has arranged an all-cash sale of a site at 74-21 QueensBlvd. for $3.57 million. Buyer and seller were not disclosed. Thesite has 237 feet of frontage along Queens Boulevard and houses asingle-story automobile repair shop. Massey Knakal's ThomasDonovan, who was the sole broker in the transaction, says in arelease that the site went for about $150 per square foot.

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Home furnishings retailer Milan Luxury has signed a4,600-square-foot, 10-year lease at 482 Broome St. With 2,300square feet on each of two levels, the new location replaces theretailer's temporary Soho flagship location at 57 Greene St.Newmark's Amira Yunis and Lyle Trued represented Milan Luxury;Michelle Ball of Rudd Realty represented 482 Broome's landlord,T.F. Halom Ltd.

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Swig Equities arranged a new three-year lease with financialplanning firm Montecito Advisors, Inc. at 5 Hanover Sq. Todd Korrenof Swig represented the landlord in the 3,200-square-foot deal.

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Long Island
In what's reportedly the largest transaction in Fire Islandhistory, investment group FIP Ventures has bought the majority ofthe commercial property assets within Fire Island Pines, theworld-renowned gay community. The purchase price in the off-markettransaction was $17 million. The FIP team consists of BlessoProperties' Matthew Blesso, Madison Fire Island Pines owner AndrewKirtzman and Weissman Equities' Seth Weissman. Among other things,they plan a complete renovation of the Hotel Ciel, with re-openingslated for May 2011.

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Connecticut
The Massage Envy franchise has secured its sixth location inConnecticut and its third in Fairfield County. The franchisor hassigned a long-term lease for 2,600 square feet of space at HBNitkin's Playhouse Square, a shopping center located at 275 PostRd. E. in Westport. Jason Wuchiski of RHYS Commercial's retailleasing division was the sole broker in the transaction.

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New Jersey
The Goldstein Group inked a lease with Capital One Bank for a newfree-standing bank location along Browertown Road in West Paterson."This was a deal that took several years to complete," says theGoldstein Group's Chuck Lanyard. "The new location will affordCapital One greater visibility plus the addition of a drive-thru,which they didn't have in their previous location at the PathmarkShopping Center, also in WestPaterson." The property is owned byAlbert J. Weite. BrianPall of Insight Development representedCapital One.

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Jones Lang LaSalle has been appointed the exclusive leasingagent of CenterPointe at Bridgewater, a four-building, NormandyReal Estate Partners-owned corporate park in Bridgewater. JLL'sSusan Mason and Shawn Straka will lead the leasing initiative atCenterPointe, along with the firm;'s Chris Conklin and associateJohn Buckley. Current lease opportunities available in the parkrange from 2,000 to 83,000 contiguous square feet, including anentire building of 83,000 square feet that can be used as aheadquarters location.

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Additional reporting by Alyson Grala.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.