The following is a selection of media placements for Great Ink clients and a summary of each.
ABS Partners Real Estate
April 22, 2019
The Browning School, a k-12 boys’ preparatory school, has signed a 4,750-SF full-floor lease for its executive and administrative offices at 140 E. 57th Street a.k.a the Hammacher Schlemmer building. ABS Partners Real Estate and Benenson Investment Company acquired the 64,000-SF property in Fall 2016 and completed an extensive capital improvement program. John Brod and Robert Finkelstein of ABS Partners Real Estate represented ABS in-house while John Nugent and Alexander Golod of CBRE arranged on behalf of the school.
April 16, 2019
By Lois Weiss
Foot Locker is set to open a 25,000-SF “Power Store” at Marx Realty’s 605 West 181st Street. While the store will sell its traditional sneakers, there will also be a barbershop, gaming zone, DJ and event space, areas for customers to design their own shoes and get them cleaned. Foot Locker’s current space at 621 West 181st Street will close and relocate to this new, expanded space. Marx was represented in-house by Henry Henderson and Foot Locker was represented by Evan Schuckman of Ripco.
Madison Realty Capital
April 15, 2019
By Kevin Sun
Madison Realty Capital closed on its latest debt fund, exceeding its goal of raising $1 billion. The fund, Madison Realty Capital Debt Fund IV LP, originates and acquires commercial mortgage loans, mezzanine loans and preferred equity interests. The firm also announced that it has now completed more than $10 billion in debt and equity transactions since it was founded in 2004.
Hodges Ward Elliott
April 15, 2019
Hodges Ward Elliott arranged the $88-million sale of a pair of multifamily buildings in the Castle Hill section of the Bronx, the borough’s largest single-asset multifamily deal in more than six years.
April 12, 2019
By Tony Wilbert
Pickard Chilton is designing Cousins Properties’ new Atlanta, Georgia office tower at 650 West Peachtree Street, which is set to be the new HQ for the Norfolk Southern railroad. The 1-million-square-foot building features two glass towers connected by a five-story hub, gardens, and tools for collaboration. The campus is expected to be completed in the third quarter of 2021.
April 11, 2019
Matt Mering has been named EVP of hospitality at Waterton, a Chicago-based real estate investor and operator. Mering is responsible for the formulation and execution of Waterton’s hotel investment strategy, oversight of asset management and further developing investor relationships. He joins Waterton with more than 23 years of hospitality experience.
April 9, 2019
By Chava Gourarie
Barone Management is working on its first senior housing project in the Dyker Heights area of Brooklyn, NY, a building which previously served as an orphanage. Senior living has boomed in NYC; there are 1.5 million residents over the age of 60 and the city is unprepared to house them. The need for senior housing also comes at a time when multifamily and retail have become unattractive investments.
Fried, Frank, Harris, Shriver & Jacobson
Zachary Bernstein, 39, a land-use attorney and partner at Fried Frank, was named to the prestigious annual Crain’s New York Business 40 under 40 list.
April 8, 2019
By Steve Cuozzo
RAL Development Services, along with Junius Real Estate Partners have formed a joint venture to develop 124 East 14th Street in Manhattan, the site of a two-story P.C Richard store. The JV plans a 21-story tower called NYC Tech Hub, and will include a tech-focused training center and incubator run by Civic Hall, digitally attuned office space and a multi-vendor food hall by Urbanspace. The building will be heavily focused on tech. A JLL team headed by Mitchell Konsker will handle leasing.