NEW YORK CITY-The 45-47 W. 38th St. site currently accommodates a 21,500-sf, six-story building; however, a new hotel could soon rise in its place.

NEW YORK CITY-Henry Feld of Millenium on Long Island buys the conversion and development site from Melvin Heller of locally based Heller Properties.

NEW YORK CITY-Boyess Realty Inc. sells 29 W. 21st St. to Gaveco Real Estate Inc. for $8.6 million in an all-cash transaction.

NEW YORK CITY-The former president of the US fund business at JER Partners joins the firm to focus on investment activities in the US and Europe.

NEW YORK CITY-The former president of the US fund business at JER Partners joins the firm to focus on investment activities in the US and Europe.

NEW YORK CITY-The Lam Group, Lam Generation and Marshall Management sign agreements where Marshall will provide management consulting services on three hotels.

NEW YORK CITY-Broker remains optimistic about the retail market here, with high activity in the Soho and Village areas, combined with few prime spaces available.

NEW YORK CITY-The consulting firm expands, signing a 10-year lease for 10,400 sf and relocates from 50 E. 42nd St. to 31 W. 27th St.