Aghfar Arun, executive director, hospitality at Bradford Allen, authored an article in Heartland Real Estate Business analyzing Indianapolis’ recent lodging performance and development momentum. The piece examines demand growth, the current construction pipeline, and how both downtown and suburban submarkets are contributing to the city’s continued strength relative to national trends. Drawing on data and recent investment activity, Arun provides a market-level view of what is driving performance today.
“Indianapolis demonstrates how a rare downtown-suburban synergy can deliver year-round hotel stability that few U.S. markets match. The event core downtown handles peak demand from conventions and tournaments, while suburban areas provide reliable fill from healthcare, logistics, corporate offices, and sports travel. This balance across multiple demand generators lowers overall risk and supports consistent performance.”
NEW YORK — Bradford Allen, a national full-service commercial real estate firm, has announced that the Permanent Mission of Papua New Guinea to the United Nations has signed a 10-year lease at 805 Third Avenue in Midtown East, becoming the latest diplomatic organization to establish a presence at the building.
Bradford Allen’s Gordon Ogden, executive managing director, and Ava Beganovic, senior associate, represented the Mission in the transaction. Ownership, Cohen Brothers Realty, was represented by Marc Horowitz, national director of leasing, along with Bradford Allen’s Glenn Isaacson, executive vice president, and Tony Builder, senior associate.
“Diplomatic missions have highly specific requirements when evaluating office space, from location and accessibility to long-term stability,” said Ogden. “805 Third Avenue provided the Permanent Mission of Papua New Guinea with an opportunity to remain close to the United Nations while securing a space that supports its operational needs for years to come.”
The lease follows another diplomatic transaction completed at the property in late 2025, when the South African Consulate signed a long-term lease at 805 Third Avenue. The two transactions underscore the property’s appeal to diplomatic organizations seeking a Midtown East location near the United Nations.
“Transactions like this are most successful when all parties work together toward a common goal,” said Horowitz. “The collaboration between ownership, our leasing team and the Mission helped create a solution that works well for everyone involved, and we’re pleased to welcome Papua New Guinea to 805 Third Avenue.”
Located in Midtown East, 805 Third Avenue is a 31-story office tower owned and operated by Cohen Brothers Realty. The property offers convenient access to Grand Central Terminal, the United Nations headquarters and a wide range of neighborhood amenities.
About Bradford Allen
Bradford Allen is a national commercial real estate services and investment firm headquartered in downtown Chicago. Founded in 2003 by Jeffrey Bernstein and Laurence Elbaum, the company’s vertically integrated platform services entrepreneurial, corporate and not-for-profit clients in every sector. Bradford Allen offers end-to-end solutions to owners, occupiers and investors through brokerage and advisory services, building operations and management, program management and consulting, and real estate investments and development. For more information, visit bradfordallen.com.
