Owners Developers & Managers

MAG Partners, Safanad and Penn South break ground on 200,000 s/f mixed-use project

Manhattan, NY MAG Partners broke ground on their 188-unit, mixed-use project at 335 Eighth Ave. in partnership with Penn South (also known as Mutual Redevelopment Houses, Inc.). Dignitaries including council member Erik Bottcher, helped to mark the occasion. Thirty percent of the new building’s units will be reserved for low- and middle-income residents under the Affordable NY Program.

TFC and Culture Lab unveil sculpture garden at Hunter's Point South

Queens, NY TF Cornerstone (TFC) and Culture Lab LIC hosted a grand reveal at the Hunter’s Point South waterfront of the new sculpture garden, situated between 5203 and 5241 Center Blvd. The three sculptures were created by New York artists Kenny Greenberg, Paul Maus and Erwin List Sanchez, who were selected through a 2022 open call for public outdoor sculptures. 

Joshua Rubin of PMA passes away on Oct. 12th

Manhattan, NY Joshua Rubin, an integral member of the New York healthcare and life sciences real estate development community and the vice president and New York City general manager of Project Management Advisors (PMA), passed away on Thursday, October 12th after a valiant battle with cancer.

REBNY releases Multi-Family Foundation Plan Application Report for housing production target

Manhattan, NY The Real Estate Board of New York (REBNY) released its latest Multi-Family Foundation Plan Application Report, providing an analysis of residential foundation filings submitted to the NYC Department of Buildings (DOB) through August 2023. Foundation filings are a good indicator of new units entering development as foundation work is among the first types of work for a construction project and an application for a foundation permit therefore indicates a project is likely to begin construction. 

Manhattan Skyline Management Corp. hires Oreskovic

Manhattan, NY Manhattan Skyline Management Corp. has appointed Sandra Oreskovic as director of human resources. Oreskovic’s responsibilities will include leading Skyline’s recruitment efforts, orienting new team members through the onboarding process, and supporting ongoing employee development and engagement. She will also be entrusted with reviewing and updating policies and practices to confirm they best serve the organization.

Vessel Technologies adds three to franchise sales team

Manhattan, NY Vessel Technologies, Inc. have added three experienced franchise development professionals to its team, expanding the multifamily housing sector’s first ever franchising opportunity to key housing-constrained East Coast markets. Vessel has hired Tom Sharpin as vice president of franchise sales, and Jonathan Buck and Scott Wolfe as franchise sales directors, to join head of franchising Gus Stamoutsos on the company’s franchise development team.

PWC welcomes new members at annual member meeting

Manhattan, NY On Wednesday, October 18, PWC New York held its annual member meeting at Brickworks Design Studio. Incoming president, Schillivia Baptiste, presented her vision for the upcoming year. We also welcomed four new board members: Raquel Diaz, Gia Mainiero, Laurie Stanziale and Marilisa Stigliano.

IREM NYC hosts fifth annual Clay Shoot charity event

New Paltz, NY IREM NYC’s Fifth Annual Clay Shoot was held on Friday, October 6th at Mid-Hudson Sporting Clays. The charity event benefitted two organizations: SHAREing & CAREing, and GiGi’s Playhouse NYC. Over one hundred members and guests enjoyed breakfast, a full round of clay shooting with some competitive games, and a barbecue luncheon, followed by raffled and prizes.

IREM NYC receives grant from Bruni Electric

New York, NY IREM NYC is committed to promoting diversity, equity and inclusion. Bruni Electric has awarded IREM NYC a grant to enable IREM members and guests to take and complete the IREM Building DEI Skills Badge. This self-paced, on-line, on-demand course will open eyes to both the complexities and significance of DEI.

Fire & Life Safety Preparedness – BOMA NY & FLSDA NY

New York, NY BOMA New York leadership sat down with the BOMA New York co-chair of the Life Safety Preparedness Committee Russell Touhey, retired captain of the FDNY and director of Fire Life Safety for Brookfield Properties; together with Joe Razza, Z.S. Engineering, D.P.C. Collectively, they chair the Fire and Life Safety Director’s Association.