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IREM NYC Coffee and Conversation - June 18, 2024
July 16, 2024
Manhattan, NY We hosted a DEI breakfast on June 18th at 51 Madison Ave. The topic was DEI in the workplace and over the course of two hours we covered a lot issues surrounding the complexities and nuances of diversity, equity and inclusion.
IREM NYC Subway Series - June 26, 2024
July 16, 2024
Queens, NY The Subway Series is one of IREM’s annual traditions and it’s always a great time. Wednesday, June 26th was no different.
IREM NYC hosts Long Island members event - June 12, 2024
July 16, 2024
Huntington, NY IREM NYC hosted an event for their Long Island members on June 12 at the exclusive Founder’s Room. This prohibition era-styled speakeasy was the perfect backdrop for a great social event. With special thanks to our event sponsors Mackoul Risk Solutions; Champion Elevator; Astor & Stone Interior Construction and York CSI.
PWC’s Transportation Forum provides insights from top industry executives
July 16, 2024
Manhattan, NY PWC-NY hosted their third panel of the year at The Yale Club on June 20th. Over 100 people attended the Transportation Forum to hear news from industry leaders at PANYNJ, Amtrak and NYC Department of Environmental Protection, and to network with like-minded peers.
Optimum Asset Management relaunches residence as 222 LES Tower + Lofts
July 16, 2024
Manhattan, NY Optimum Asset Management’s luxury tower and reimagined landmarked loft building is relaunching as 222 LES Tower + Lofts, with sales and marketing now led by Corcoran Sunshine Marketing Group. With a 6,700 s/f private park and suite of newly furnished amenities by Paris Forino, 222 LES Tower + Lofts offers tranquility and charm
Hochul declares $21.5m available to lower emissions and sequester carbon
July 16, 2024
New York, NY According to governor Kathy Hochul, more than $8.5 million has been awarded for the development of innovative nature-based solutions to lower emissions and sequester carbon through round one of the Natural Carbon Solutions Innovation Challenge. In addition, more than $13 million is now available through round two of the challenge
Regional Greenhouse Gas Initiative provides $5m for NYSERDA’s energy demonstration projects
July 16, 2024
New York, NY According to the New York State Energy Research and Development Authority (NYSERDA), $5 million is now available for demonstration projects that co-locate solar siting and agricultural operations in New York State. Through the Environmental Research Program, this funding will support researchers, solar developers, farmers, non-profit organizations, and local governments
Avdoo & Partners secures approval for 60,000 s/f luxury residential development
July 16, 2024
Brooklyn, NY Avdoo & Partners Development’s plans for its luxury residential development at 110 Boerum Pl. have been approved by New York City’s Department of Buildings. Located in Cobble Hill, the six-story building will begin construction in early fall and offer a collection of condominium-homes designed by Brooklyn-based firm Brent Buck Architects.
Vornado Realty celebrates opening of Plaza33 with NYC Department of Transit
July 16, 2024
Manhattan, NY Vornado Realty Trust celebrated the complete transformation of a portion of West 33rd St. into the new Plaza33, a permanent pedestrian plaza in the Penn district with a ribbon-cutting ceremony June 24. Developed through a public-private partnership with the NYC Department of Transportation, the 1/3-acre promenade
Greenbrook Partners restores 377 13th St. with 179 building violations
July 16, 2024
Brooklyn, NY Greenbrook Partners, a vertically integrated real estate investment manager headquartered in New York City, has completed the residential project located at 377 13th St. in Park Slope, and with it, the removal of 179 building violations.
Executive of the Month: Sustainability meets innovation: How PoE is driving the future of smart buil...
July 16, 2024
Power over Ethernet (PoE) technology combines the delivery of electrical power and data communication through a single Ethernet cable, such as CAT5e or CAT6. This integration is highly efficient for building automation and networking, simplifying infrastructure by eliminating the need for multiple wires and power sources.
Vista Skywall Systems furnish and install window façade at The Motto
July 16, 2024
Bronx, NY Vista Skywall Systems completed a major new luxury high-rise residential façade project. Vista supplied and installed an advanced window wall system and other fenestration products for the new 24-story Motto Apartments. Located at 2455 Third Ave. near the Harlem River, across from Manhattan, The Motto is situated in the Mott Haven neighborhood.
MRI Software acquires NY-based Insurent
July 16, 2024
Manhattan, NY MRI Software has acquired New York City-based Insurent, a leading lease guarantor provider for renters, landlords, property owners and real estate brokers. Insurent helps a large segment of creditworthy renters qualify for and obtain an apartment by providing a lease guaranty and acting as the institutional guarantor on their lease.
REAL NY launches leasing at The KNOX - 110-unit luxury rental tower
July 16, 2024
Manhattan, NY REAL New York has launched leasing at The KNOX, a 36-story, 110-unit, full-service rental tower with a doorman located at 49 East 34th St. between Madison and Park Ave. The KNOX offers studio, one-, two- and three-bedroom residences set against views of the Empire State Building, East River and the city skyline.
New York City Housing Authority closes $275m in financing for PACT renovation project
July 16, 2024
Bronx, NY The New York City Housing Authority (NYCHA) closed on the financing for Sack Wern Houses, a $275 million Permanent Affordability Commitment Together (PACT) project that will bring comprehensive renovations for nearly 800 residents living in seven buildings
MNS to be approved leasing and marketing Agency for NYC HPD
July 16, 2024
Brooklyn, NY MNS, a comprehensive real estate company based in Williamsburg, has been selected by the New York City (NYC) Department of Housing Preservation and Development (HPD) to be an approved agency that can handle the marketing, lottery, and lease-up of affordable housing under 421-a(16) tax exemption program and Low Income Housing Tax Credit (LIHTC) programs
Prime Group acquires three self storage portfolios spanning 1.725m s/f
July 16, 2024
Saratoga Springs, NY Prime Group Holdings, LLC (Prime Group), a vertically-integrated private equity real estate firm, has completed the acquisition of 30 self storage properties comprised of approximately 1.725 million rentable s/f across 10 states. The properties were acquired in three separate portfolio transactions that took place in a span of less than 90 days
Ingka Investments invests in Extell Development’s class-A retail & office tower on Fifth Ave.
July 16, 2024
Manhattan, NY Ingka Investments, the investments arm of Ingka Group, which owns the majority of IKEA stores worldwide, has made an investment on Fifth Ave. The investment in 570 Fifth Ave. will be part of the real estate portfolio of Ingka Investments and marked a significant step in Ingka Group’s long-term strategy to enhance its city center retail presence.
Hudson Companies and St. Nicks Alliance close $235m in financing for phase II of Kingsland Commons
July 16, 2024
Brooklyn, NY The Hudson Companies and St. Nicks Alliance in partnership with the New York City Department of Housing Preservation and Development (HPD), the New York City Housing Development Corporation (HDC), New York State Research and Development Authority (NYSERDA)
Bromley Companies’ 122 Fifth receives LEED Gold Certification with use of Nantum AI
July 16, 2024
Manhattan, NY The Bromley Companies, developer of a diversified national portfolio, has been awarded LEED Gold Certification for its flagship 122 Fifth property. LEED (Leadership in Energy and Environmental Design), developed by the U.S. Green Building Council (USGBC), is the most widely used green building rating system in the world and an international symbol of excellence in sustainable development.