NEW YORK CITY-The United States Golf Association is now the proud owner of a piece of New York history. Plans for the four-story 57th Street building include a dining room and golf museum, slated to open in 2004.

NEW YORK CITY-The specialty market known as much for its dancing cows and singing milk cartons as for its fresh dairy products and cut-to-order meats will spend $40 million on a new supermarket and garden center in the bedrooom-community town of Babylon.

NEW YORK CITY-When its net lease to a furniture company expired in spring 2001, owner Fraglow Realty brought Newmark & Co. on board to lease up the property. With 15 new deals signed, the 120,000-sf asset is 90% occupied.

NEW YORK CITY-The sale to Global Holdings Inc. is part of Boston Properties' ongoing effort to finance its $1-billion acquisition of 399 Park Ave. Last month, the REIT sold off One and Two Independence Square in Washington, DC for $345 million.

NEW YORK CITY-When its net lease to a furniture company expired in spring 2001, owner Fraglow Realty brought Newmark & Co. on board to tenant the property. With 15 new deals signed, the 120,000-sf asset is 90% occupied.

NEW YORK CITY-Bear Stearns Merchant Banking acquires North Bergin, NJ-based Vitamin Shoppe Industries for roughly $300 million from J.P. Morgan Partners and FdG.

NEW YORK CITY-Real estate investment banking firm Sonnenblick-Goldman arranges $69 million in first mortgage financing for the commercial condominium at Wall and South streets. Funding was provided by a German-based commercial bank.

NEW YORK CITY-BOMA's New York chapter is not ready to take the largest property tax hike in the city's history lying down. BOMA/NY offers to help the Bloomberg administration identify alternative revenue streams, but says the Mayor's 18.5% tax increase is unacceptable.