The following is a selection of media placements for Great Ink clients and a summary of each.
Client
Marx Realty
Date
April 13, 2020
Pop-culture outlet signs lease for full floor on Lower East Side
By Liz Young
summary
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.
Client
Marx Realty
Date
April 9, 2020
Marx Realty Launches Marx Connect, In Place For Bumpy Market Ride
By Mariah Brown
summary
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.
Client
Stuart Saft of Holland & Knight
Date
April 8, 2020
Broken Trades Seen Leading to Court Battles
summary
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.
Client
Waterton
Date
April 8, 2020
Rent non-payments shoot up in April as US families struggle
By Joshua Chaffin
summary
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.
Client
Hodges Ward Elliott
Date
April 7, 2020
Real-Estate Investors Eye Potential Bonanza in Distressed Sales
By Konrad Putzier and Peter Grant
summary
Daniel Peek from Hodges Ward Elliott quoted in The Wall Street Journal on investing in distressed assets.
Client
RAL Companies & Affiliates
Date
April 6, 2020
Developers of Zero Irving Manage a Construction Shutdown and Leasing
By Rebecca Baird-Remba
summary
RAL Development stalled work on the 21-story office building because of coronavirus restrictions, but it is still on the hunt for office tenants and planning next steps for construction. The development is being built on city-owned land and will be partially dedicated to training new generations of coders and helping them get jobs. It will also have step-up space for young, growing tech companies.
Client
Pickard Chilton
Date
April 3, 2020
FRIDAY FUN: Guess whose home office this is…
By Linda Barr
summary
New York’s real estate folk are a resilient lot. Whether they’re stranded in a high-rise or a log cabin during the coronavirus, they’re all still looking to close that deal and hustle that commission.
Real Estate Weeklys latest Friday Fun feature peeks inside the home offices of some of the men and women who make up our industry. Jon Pickard, principal of Pickard Chilton, relaxes lakeside as he conducts business.
Client
CBRE
Date
April 3, 2020
Next 45 to 60 days will be challenging for the commerical real estate industry: CBRE’s Spencer Levy
summary
Spencer Levy, CBRE head of research, joins ‘Power Lunch’ to discuss how the coronavirus pandemic will and is affecting the commercial real estate industry.
Client
ABS Partners Real Estate
Date
April 2, 2020
JV Nabs $28M From Kearny Bank to Finance Manhattan Rental Portfolio
By Mack Burke
summary
Kearny Bank has lent $28.3 million to a joint venture between R.E.M Residential and J.H. Taylor Construction to finance a portfolio of 12 multifamily assets located near Union Square and in the West Village neighborhood of Manhattan. John Leslie and Patrick Rhea of debt and equity advisory shop ABS Altman Warwick sourced and placed the debt deal on behalf of the borrowing party. Eleven of the dozen properties in the collection are garden-style townhomes located on 17th Street, between Irving Place and Union Square East; the final property is a 24-unit building at 25 Cornelia Street in the West Village.