From left: Peter Von Der Ahe of Marcus & Millichap, 152 Spring Street and Mick Jagger

A Soho building previously occupied by hip celebrity dining den Boom has sold for $12.7 million, The Real Deal has learned. Boom, a wine bar and Soho mainstay, was forced to close its doors because of flooding due to Hurricane Sandy, said broker Peter Von Der Ahe, a vice president at Marcus & Millichap. [more]

From left: Peter Von Der Ahe, Chelsea Muse exterior and interior and Joseph Koicim

Tavros Capital Partners has purchased the Chelsea Muse, a luxury mixed-use building located at 537 West 27th Street, for $27.5 million, The Real Deal has learned. The sellers were Ekstein Development, RD Management and L&M Development Partners. The deal closed on December 20. [more]

1059 Third Avenue

The Art & Design building, a showroom and office space at 1059 Third Avenue, at 63rd Street, has sold for $31.5 million, representatives for the seller told The Real Deal.

The buyer, a foreign entity that has not developed real estate in New York City before, will demolish the building and develop luxury condominiums, said Tanya Siegel of Marcus & Millichap, who represented the seller with colleague Kailin Zhu.

The buyer was selected among hundreds of individuals and entities that expressed interest in the asset, Siegel said, because it was able to close in 30 days in an all-cash transaction. The original listing price was just $1 million greater than the final sale price, Siegel said. [more]

From left: Hessam Nadji of Marcus & Millichap and Andrew Goldfarb of Sandler O’NeillThe commercial property market remains strong as prices have largely recovered and investor interest remains acute, Hessam Nadji, managing director of research at Marcus & Millichap, said in an appearance on CNBC this week. Nadji said that the sector “defied the severity of the downturn” that plagued the housing market. Early on, he said, it was institutional investors seeking bargain prices driving demand, but as the recovery has taken hold private partnerships and international money have returned. Nadji said investor confidence in the sector was flat in the second quarter, offering further evidence that the market is stable (see video after the jump)…. [more]

Peter Von Der Ahe, vice president at Marcus & Millichap, and 680 Saint Nicholas Avenue

A 117-unit apartment building has sold for $23.65 million in the largest sale of a single building in Harlem so far this year, according to one of the co-brokers in the deal. The eight-story property, at 680 Saint Nicholas Avenue, between 145th and 141st streets, has studios and one-, two- and three-bedroom apartments and five retail tenants, according to the listing. [more]

From left: Glen Kunofsky, senior vice president of investments for Marcus & Millichap, Paul Mudrich, managing director for Marcus & Millichap, and Y. David Scharf, a partner at Morrison Cohen

A federal judge in California has dismissed racketeering claims against more than 30 defendants, including the brokerage Marcus & Millichap and its top Manhattan-based broker Glen Kunofsky, The Real Deal has learned.

Kunofsky, one of Marcus & Millichap’s top-ranked brokers, and others were accused of defrauding investors in a series of retail sale-leaseback transactions in New York and three other states during the real estate boom. But last month, U.S. District Judge Ronald Whyte, of the Northern District of California, threw out the alleged violations of the Racketeer Influenced and Corrupt Organizations, or RICO, statutes, effectively removing the case from federal jurisdiction, and leaving the plaintiffs to pursue their claims in state court. [more]

Adelaide Polsinelli

High-profile, mid-market investment sales broker Adelaide Polsinelli resigned from Marcus & Millichap this past Friday and began working at Eastern Consolidated as a senior director today, Polsinelli told The Real Deal.

Polsinelli, who first started in the building sales business in 1985, is best known in the industry for deals such as Savanna’s $43 million purchase in 2007 of the Children’s Wear Building at 131 West 33rd Street in Midtown and the sale of the Knitting Factory at 74 Leonard Street in Tribeca, in 2008, for $12 million. [more]

A hotel

The national hospitality sector is heading to its third year of recovery, according to a report from Marcus & Millichap. Hotel occupancy nationwide is expected to reach nearly 61 percent this year, with ADR slated to increase by 4 percent on a year-over-year basis. The three strongest hotel markets are North Dakota, Nevada and Texas at present. [more]

From left: a golf course and Donald Trump

Investors are betting on golf courses as they predict a significant decline in the number of golf courses nationwide, due to a number of factors, Bloomberg News reported.

The median price for a golf course was down to $3 million in the third quarter of 2011, from $4.6 million in 2006, according to numbers from national commercial brokerage Marcus & Millichap. The result is that investors, including Donald Trump himself, whose Trump Golf company has plans for courses from Scotland to the Bronx, are snapping up the properties, Bloomberg said. [more]

John Stewart of Marcus & Millichap and 12 Fifth Avenue

A rare elevator building in Greenwich Village at 12 Fifth Avenue has sold for $12.5 million, GlobeSt.com reported.

The 10-story, 33-unit building, between 8th and 9th streets, was owned by a family under the name Mar-Mart Realty Co. for more than 65 years, and has been bought by an LLC called United Fifth. Department of State records show the buyer is an affiliate of Harounian Enterprises. The purchase price was set at about $378,788 per unit or $640 per square-foot, for a capitalization rate of 3.29 percent, according to Marcus & Millichap, which represented both sides of the transaction. [more]