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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.
The New York Foundling unveils mural at Vital Brookdale - supportive housing
July 16, 2024
Brooklyn, NY The New York Foundling unveiled ‘Colors of My City’, a mural at Vital Brookdale, the non-profit’s recently built supportive housing complex in Brownsville. The nearly 1,000 s/f mural was designed and painted by artist Layqa Nuna Yawar and has been installed across the street from Vital Brookdale on a brick wall of neighboring Brookdale Hospital.
Simone Development Companies inks long-term lease expansion for ENTA
July 16, 2024
Queens, NY Simone Development Companies and ENT and Allergy Associates, LLP (ENTA) joined with local business leaders and community representatives for a ribbon-cutting ceremony for ENTA’s brand new clinical facility at Simone Development’s 35-30 Francis Lewis Blvd.
Rayapudi elevated to president of Freestone
July 16, 2024
Manhattan, NY Freestone Property Group, a full-service property management company headquartered in New York City, has elevated Prashanth Rayapudi to the newly created role of president. The promotion underscores the continued expansion of Freestone and positions the company for its next phase of growth. At Freestone, Rayapudi will be responsible for setting and executing an expansion strategy
Skyline Developers tops out 152,000 s/f
residential development at 292 ft.
July 16, 2024
Manhattan, NY The Wilf Family’s Skyline Developers has topped out 18 West 55th St., the residential development, with the ground-up new construction building reaching 25 stories. Rising 292 ft., the 152,000 s/f development will introduce 97 rental apartments, a suite of modern lifestyle amenities, and ground-floor retail space to its midtown location just off Fifth Ave.
Hach of Refined arranges $4.75 million land loan
June 25, 2024
Queens, NY According to Refined, Joe Hach successfully arranged a $4.75 million land loan for a partially-built plot of single family homes in Hollis. The loan paid off the current land loan and funded a hard cost reserve to complete
Vu joins MBA of NY Scholarship Foundation as new Board Member
June 25, 2024
The Mortgage Bankers Association of New York Scholarship Foundation (the “Foundation”) has added Mimi Vu, senior vice president – team leader and head of east coast loan originations at BHI (US Division of Bank Hapoalim), as a new Board Member. Vu will serve to support
Eight Forchelli Deegan Terrana LLP attorneys receive Nassau County Bar Association Committee appoint...
June 25, 2024
Uniondale, NY Forchelli Deegan Terrana LLP congratulates the following attorneys on their Nassau County Bar Association (NCBA) Committee appointments, which were effective June 1, 2024
TRITEC closes financing on the next phase of Station Yards
June 25, 2024
Ronkonkoma, NY TRITEC Real Estate Company has successful closed on financing for Phase 2B of the Station Yards development in Ronkonkoma. This phase, designed by Spector Companies, will add 175 apartment homes and 1,419 s/f of retail space to The Core
Muroff Hospitality Group announces sale of
the Mohican Resort of Lake George
June 25, 2024
Lake George, NY Muroff Hospitality Group has completed the sale of The Mohican Resort of Lake George and the 8000 s/f Boats by George Storage Building
Matheos Realty Group closes two 3-family properties on Stanhope St.
June 25, 2024
Matheos Realty Group, a leading real estate brokerage firm specializing in sales and leasing, has successfully closed the sale of two 3-family properties in Bushwick, Brooklyn, and Ridgewood, Queens
Rand Commercial has completed the sale of 400 Corporate Court for $11.8 million
July 16, 2024
Valley Cottage, NY Rand Commercial has completed the sale of 400 Corporate Court, a 50,000+/-s/f building on 16.9+/-acres to Realterm for $11.8 million. Realterm owns and manages transportation real estate and infrastructure assets
Meridian Capital Group arranges $20
million in financing for 419 Lafayette St.
June 25, 2024
Manhattan, NY Meridian Capital Group has successfully secured a $20 million refinance for an office building in NoHo on behalf of Albert Malakan
Manhattan office building visitations continue year-over-year rise in May according to REBNY report
June 25, 2024
Manhattan, NY The Real Estate Board of New York (REBNY) released its latest monthly analysis of Placer.ai location data in 350 Manhattan office buildings for May. This report tracks mobile
About Schroder & Strom
January 28, 2025
Founded in 2000, Schroder & Strom has built an unparalleled reputation and a team of 10 attorneys with well over 150 years of combined expertise in the area of real estate tax law. The attorneys at Schroder & Strom have a clear mission: To provide clients with the most effective real estate tax counsel and litigation services possible.
About Merritt Environmental Consulting Corp.
January 28, 2025
Merritt Environmental Consulting Corp. (MECC) was established in June of 2009 after being part of a larger engineering firm for almost 20 years. The focus of the company is to assist lending institutions, attorneys, real estate investors, and property owners with environmental concerns.
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