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

MNS to be approved leasing and marketing Agency for NYC HPD

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

REAL NY launches leasing at The KNOX - 110-unit luxury rental tower

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 34^th 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.

MRI Software acquires NY-based Insurent

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.

Vista Skywall Systems furnish and install window façade at The Motto

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.

Executive of the Month: Sustainability meets innovation: How PoE is driving the future of smart building automation - by Akram Khalis

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.

Greenbrook Partners restores 377 13th St. with 179 building violations

Brooklyn, NY Greenbrook Partners, a vertically integrated real estate investment manager headquartered in New York City, has completed the residential project located at 377 13^th St. in Park Slope, and with it, the removal of 179 building violations.

Vornado Realty celebrates opening of Plaza33 with NYC Department of Transit

Manhattan, NY Vornado Realty Trust celebrated the complete  transformation of a portion of West 33^rd 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

Avdoo & Partners secures approval for 60,000 s/f luxury residential development

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.