The following is a selection of media placements for Great Ink clients and a summary of each.
May 21, 2020
Fairstead has appointed Kevin Day as VP of asset management for its affordable properties, and Robert Dunn as VP of asset management overseeing mixed-income. Prior to joining Fairstead, Day founded evopolis Inc., a real estate investment and consulting firm. Dunn comes to Fairstead after seven years with HUBBNYC Properties, a vertically integrated owner/operator focused on the acquisition and management of value-add investment properties.
May 20, 2020
By Natalie Wong and Jennifer Surane
Bloomberg reports about large banks and financial firms in NYC looking elsewhere for space to let workers spread out, as the pandemic fuels anxiety about public transportation and dense urban offices. Rubenstein Partners, which owns offices in northern New Jersey and Stamford, Connecticut, has gotten inquiries on “several hundred thousand square feet” of space, mostly from New York-anchored firms, according to Brandon Huffman, a principal at the firm. Real estate brokers and landlords have also seen a surge in interest for offices outside New York from media and technology companies and law firms.
Thornton Tomasetti, EW Howell
May 18, 2020
By Kim Slowey
Experts from the construction industry talk with Construction Dive about preparing for the next pandemic. Sources include John Finamore of EW Howell Construction Group and Marguerite Pinto of Thornton Tomasetti.
Madison Realty Capital
April 29, 2020
By Keith Larson
Madison Realty Capital originated a $102 million first mortgage loan for two separate South Florida multifamily assets in Pompano Beach and Plantation.
April 14, 2020
By Chava Gourarie
Uproxx, the pop culture website, signed a three-year, 3,300-SF lease on the top floor of Marx Realty’s 161 Bowery in NYC. The firm is relocating from a subleased space within the building.
Jonathan Rose Companies
April 13, 2020
By Rich Bockmann
Jonathan Rose Companies acquired a large affordable-housing apartment building on the Upper West Side for $94 million. The 217-unit Tower West building at 65 West 96th Street was purchased from the Starrett Corporation. Rose director of acquisitions Nathan Taft said the company plans to make a “substantial investment” to the building’s lobby and common areas and make energy-efficient improvements.
April 9, 2020
By Mariah Brown
New York-based real estate investment management firm Marx Realty has launched Marx Connect, a mobile application it is rolling out to all of its buildings that allow tenants access to respective properties by scanning via Bluetooth. This new offering comes to prevent the touching of building hardware as landlords look for ways to curb the spread of the coronavirus to their properties.
Stuart Saft of Holland & Knight
April 8, 2020
Stuart Saft of Holland & Knight and Janice Mac Avoy, co-head of the real estate litigation practice at Fried Frank, speak with Real Estate Alert about lawsuits involving property deals falling through and disputes on nonrefundable cash deposits.
April 8, 2020
By Joshua Chaffin
An article in the Financial Times found that as of April 5, via a survey compiled by the National Multifamily Housing Council, just 69% of households had made their monthly payment compared to 81% in the same time period during March. David Schwartz, chief executive of Waterton, a Chicago property company with a $6.5 billion multifamily portfolio across 15 states, forecast that developers would struggle if the situation eroded further in May and June. He also held out hope that rent collections would improve in the coming days since many landlords waived late fees to help distressed tenants.