A prolific Kips Bay developer has added four additional buildings in the Manhattan neighborhood to his portfolio. The entity Nere Rose Hill Management, which appears to be affiliated with Bentley Zhao's development and construction management firm New Empire Corp., paid a combined $37.9 million for the quartet of mixed-use properties at 247 E. 31st St. and 563, 567 and 569 Second Ave., records show. Zhao, who used a similarly named entity in 2021 to acquire a nearby site for

UPDATED 7:10 p.m., January 6, 2026: Developer New Empire Corp. paid $38 million to the Marchi family through the entity Marchi Realty Corp. for a development site at the corner of Second Avenue and 31st Street in Kips Bay, Manhattan, in three transactions. To finance the purchase, New Empire Corp. borrowed $24.65 million from Emerald Creek Capital. The properties were marketed for sale as a development site in late 2022, according to a post on Traded NY at that time. In the l

Four mixed-use properties in the Kips Bay section of Manhattan — 247 East 31st Street , and 563, 567 and 569 Second Avenue  — were sold by Dean Marchi , through several business entities, to Bentley Zhao’s New Empire Corporation , also through an affiliated company. The four properties sold for a total of $38 million . Zhao did not appear to sign the deeds, but, according to Crain’s New York Business , which was first to report the sale, Zhao is “listed as the signatory for a

https://www.mannpublications.com/mannreport/2025/12/08/interior-design-tours-available-paris-forino-at-radiant-in-long-island-city/ Award-winning AD Pro Directory designer Paris Forino has just unveiled her latest interiors at Radiant , the new luxury condominium located in Long Island City, Queens—one of New York City’s fastest growing neighborhoods. Celebrated for her boutique residential projects and large-scale hospitality and commercial developments, Forino brings her s

A huge congratulations to Bentley and all the distinguished honorees who are setting the standard for excellence and innovative leadership in the real estate industry. His vision continues to drive New Empire  forward in the residential, commercial, and architectural markets. We're already looking forward to the 2025-2026 RED Awards! Submissions are now open.

Global Presidents of the American International Developers and Investors Association (AIDI) gathered at the United Nations in New York to celebrate the 10th Anniversary Gala of the American Hotel & Real Estate Chamber of Commerce (AHOCA). The Presidents of AIDI's major global chapters took a group photo in front of the United Nations, celebrating a moment of friendship and cooperation. The theme of this grand ceremony was 'Cooperation, Innovation, and Shared Success (Win-Win)

On October 14, 2025, the Forum for World Education (FWE) hosted its high-level roundtable “Global Perspectives on Strengthening Technical and Vocational Education” at The Penn Club of New York. New Empire Corp. Chairman & CEO Bentley Zhao, serving as a Board Member of FWE, joined international leaders from government, business, and academia to discuss the future of workforce development in the era of AI and industrial transformation. Opening the event, Dr. Cheng Yan Davis, Ch

The press release from New Empire Corp. highlights a powerful idea: education is diplomacy.  This concept, discussed at the FWE Global...

Show (from left) are: Loke Chan, senior development manager, New Empire Corp.; Leslie Ling, vice president of development, New Empire...