Simone Development Companies inks long-term lease expansion for ENTA

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.

Hudson Companies and St. Nicks Alliance close $235m in financing for phase II of Kingsland Commons

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)

New York City Housing Authority closes $275m in financing for PACT renovation project

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

IREM NYC webinar and meet n’ greet - July 10, 2024

Manhattan, NY On July 10^th, IREM NYC hosted complimentary webinar: Get the Lead Out! Complimentary webinar by IREM NYC industry partner Neal Altman of NAJO delivered an update on NYC HPD's Lead-Based Paint inspection requirements and dove into the intricacies of Local Law 31, specifically outlining the upcoming August 2025 deadline for XRF inspections in buildings constructed before 1960.

Skyline Developers tops out 152,000 s/f
residential development at 292 ft.

Manhattan, NY The Wilf Family’s Skyline Developers has topped out 18 West 55^th 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.

Rayapudi elevated to president of Freestone

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

The New York Foundling unveils mural at Vital Brookdale - supportive housing

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.

Bromley Companies’ 122 Fifth receives LEED Gold Certification with use of Nantum AI

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.

Ingka Investments invests in Extell Development’s class-A retail & office tower on Fifth Ave.

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.

Prime Group acquires three self storage portfolios spanning 1.725m s/f

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