The following is a selection of media placements for Great Ink clients and a summary of each.
Thornton Tomasetti
April 20, 2020
By Bill Edwards
In the effort to ease the burden on overcrowded hospitals, public venues have been turned into alternate care facilities and military field hospitals have been set up across the U.S. As these temporary hospitals take shape, it’s important to ensure secure and safe operations for the medical professionals and patients. Associate Principal Bill Edwards of Thornton Tomasetti’s Security Design & Consulting group discusses the six steps needed to set the conditions for a smooth transition of these spaces into their new use.
Marx Realty
April 16, 2020
By Keith Loria
Marx Realty acquired The Herald Building, a 114,000-square-foot historic office building at 1307 New York Avenue NW in Washington, D.C., for $41 million. The building was constructed in 1923 and once served as home to the Washington Herald Examiner’s offices and printing presses, thanks to its 19-foot ceilings on the ground floor.The sellers were a joint venture of the American Association of Colleges for Teachers Education, the American Association of State Colleges and Universities, the Council for Advancement and Support of Education and the National Association of State Universities and Land Grant Colleges. Marx Realty plans to invest $41 million in the property, adding its signature hospitality-infused aesthetic into the building.
Marx Realty
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.
Marx Realty
April 13, 2020
By Liz Young
Entertainment and pop-culture news website Uproxx has signed a lease for a full floor of Marx Realty’s 161 Bowery. The business is moving to the targeted space from a subleased space within the same building. Other tenants in the two buildings include social media company Kik Interactive, advertising firm Space150 and educational company Brainly. Fitness studio Mark Fisher Fitness is on the first floor of 161 Bowery.
Marx Realty
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.
Waterton
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.
Hodges Ward Elliott
April 7, 2020
By Konrad Putzier and Peter Grant
Daniel Peek from Hodges Ward Elliott quoted in The Wall Street Journal on investing in distressed assets.