The following is a selection of media placements for Great Ink clients and a summary of each.
Client
The Praedium Group
Date
February 5, 2020
Apartment Sales Up 4%; CBRE Keeps Crown
By Sam Ali
summary
An article in Real Estate Alert reports on an increase in the sale of large apartment properties in 2019, up 4% the year prior, with $115.8 billion trading. up from $111.4 in 2018. Transactions higher than $25 million surpassed office as the most active sector. Russ Appel, founding principal of The Praedium Group, said the firm was very active in more affordable housing markets such as Florida. Other desirable markets include metro Atlanta, Seattle, Phoenix.
Chicago investor's debut: One thousand apartments
summary
Marx Realty arranged a 3,500-SF lease for Sweetgreen, the popular salad chain, on 44nd Street at 10 Grand Central. Marx was represented by Henry Henderson, VP of leasing, while Jacqueline Klinger of The Shopping Center Group represented Sweetgreen.
Client
Castle Lanterra Properties
Date
January 29, 2020
Applying the Value-Add Mindset to Class A Properties
By Elie Rieder
summary
Coming off a strong multifamily market in 2019, Elie Rieder of Castle Lanterra Properties provides expert commentary on market shifts that investors should take note of, moving forward in 2020.
Client
Waterton
Date
January 29, 2020
Windermere assisted living facility sells for $20.8M
By Laura Kinsler
summary
The Orlando Sun Sentinel’s Growth Spotter column features Pathway to Living’s $20.8M acquisition of The Sheridan at Windermere. The 118-unit assisted living and memory care facility at 13798 Speer Island Drive will be rebranded to Azpira at Windermere. Pathway to Living is the seniors housing arm of Chicago-based real estate investor and operator Waterton and this transaction marks the company’s first in the Florida market.
Client
Jonathan Rose Companies
Date
January 29, 2020
They Wanted a Multigenerational Home in Brooklyn. Which Apartment Did They Choose?
By Joyce Cohen
summary
The Hunt column in the Sunday New York Times details one family’s search for the perfect home in Brooklyn. A family of three looking for a spacious rental in Brooklyn that could house multiple generations fell in love with a three-bedroom at The Pierrepont, the Jonathan Rose Companies development in Brooklyn Heights, for its sustainability, L-shaped layout, roofdeck and vented in-unit washer-dryer.
Client
Asland Capital Partners
Date
January 23, 2020
Former Ares, Apollo Exec Launches CRE Investment Firm, Buys 2 Apartment Buildings
By Jon Banister
Client
Marx Realty
Date
January 17, 2020
Marx takes over Cross County leasing, working on filling former Sears store
By Peter Katz
summary
Marx Realty, which jointly owns the Cross County Shopping Center in Yonkers with Benenson Capital Management, is taking over leasing and management responsibilities for the 1,150,000-square-foot property. The move to bring leasing and management directly under Marx’s wing coincides with an underlying transition program to build activity at the center and bring the former Sears store back into service following its closing in July 2019. The four-story building contains about 200,000 square feet of space.
Client
Waterton
Date
January 16, 2020
Las Vegas apartment complex near UNLV sold for $104M
By Eli Segall
summary
Waterton, a Chicago-based real estate investor, has acquired the 456-unit Vegas Towers in Las Vegas, a two-building, 10-story community. The 1970s-era apartment complex sold for more than $100 million.
Client
Fairstead
Date
January 15, 2020
Fairstead to rehab 900 affordable homes with $310M in HUD loans
summary
Fairstead, a real estate firm committed to the preservation of high-quality housing, announced the financing of a 905-unit portfolio of subsidized housing across nine properties (49 buildings across Brooklyn and Manhattan) in New York City. Over the last six months, in nine distinct transactions, Fairstead restructured the $430 million portfolio with $310 million in HUD-insured financing.