Category: Owners Developers & Managers

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.

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

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.

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.

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.

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

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

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.

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.

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.

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.

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.