New York Community and Business Updates for the Week of August 1, 2025

New York Community and Business Updates for the Week of August 1, 2025
New York Community and Business Updates for the Week of August 1, 2025

**New York People and Company News – Week of August 1, 2025**

**Modern Spaces Announces Leadership Changes**
Modern Spaces has announced a significant leadership transition. Longtime executives Jennifer Dorfmann and Arlinda Dine have been promoted to managing partners. Dorfmann now holds the role of President, while Dine has been named Chief Operating Officer.

**U.S. Immigration Fund Expands Leadership in China**
U.S. Immigration Fund (USIF), an EB-5 Regional Center that facilitates U.S. permanent residency through job-creating real estate investments, has appointed Geoff Li as Managing Partner for China. This move marks a strategic step in USIF’s global expansion and coincides with the company’s 15th anniversary.

**Allied Partners Appoints New President of Residential Management**
Allied Partners, a private real estate development and management firm with holdings in New York and Miami, has named Ronan Kearney as President of Allied Partners Residential Management. The company currently oversees more than $3 billion in residential assets, including both owned and third-party properties.

**Triangle Equities Receives $1M Grant for Terminal Logistics Center**
Triangle Equities has been awarded a $1 million grant from Empire State Development for its Terminal Logistics Center, a 413,936-square-foot Class-A vertical warehouse at 130-02 S. Conduit Avenue in Jamaica, Queens. The award recognizes the project’s employment impact and positive contributions to the surrounding community.

**DeSimone Consulting Wins Four 2025 Concrete Industry Awards**
DeSimone Consulting Engineering has been honored with four 2025 Richard H. Corbetta Awards by the Concrete Industry Board of New York City. Among the accolades is the prestigious Grand Award for its structural design of 55 Willoughby, a 46-story Brooklyn residential tower notable for its cantilevered design. The awards will be presented on October 30, 2025, at the annual dinner held at Manhattan’s Rainbow Room.

**Mace Consult Secures Investment from Goldman Sachs Alternatives**
Mace Group has completed the carve-out and majority investment in Mace Consult by Goldman Sachs Alternatives. This new partnership aims to bolster Mace Consult’s position as a leading global program management consultancy operating independently.

**Turning Rock Partners Exits Investment in Capital Square**
Turning Rock Partners, a New York-based private investment firm, has announced the full realization of its investment in Capital Square. Headquartered in Richmond, Virginia, Capital Square is a national real estate investment and management company.

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