The following is a selection of media placements for Great Ink clients and a summary of each.
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.
Client
ABS Partners Real Estate
Date
April 1, 2020
Former Eastern Consolidated Founders Get $30M From M&T on Upper Manhattan Resi Portfolio
By Mack Burke
summary
Former Eastern Consolidated founders Daun Paris and Peter Hauspurg have nabbed $29.8 million in Freddie Mac-backed debt from M&T Realty Capital Corporation, a real estate lending subsidiary of M&T Bank, to finance a three-building multi-housing portfolio in Upper Manhattan, Commercial Observer has learned. John Leslie and Patrick Rhea — both former brokers at Eastern Consolidated — of debt and equity advisory firm ABS Altman Warwick arranged the transaction on behalf of the borrowing party. The three assets in the collection are located at 401 Edgecombe Avenue in Hamilton Heights and at 940 Saint Nicholas Avenue and 3612 Broadway in Washington Heights. Together, they make up 183 units.
Client
Stuart Saft, Castle Lanterra Properties
Date
April 1, 2020
Apartment Owners Facing Revenue Squeeze
summary
Stuart Saft, who chairs the real estate practice at Holland & Knight and Elie Rieder, chief executive at castle Lanterra Properties, weigh in on the state of the multifamily market and whether or not tenants will be able to pay rent as we reach April 1. The article talks about the inability of renters — mostly in workforce housing — to pay rent this month, leading many owners unable to ake their own payments. Additionally, many scheduled multifamily transactions have been canceled, postponed or repriced.
Client
Avison Young
Date
March 27, 2020
Tribeca Building That Houses Shinola Flagship Sells for $17M
By Nicholas Rizzi
summary
An Avison Young team represented Bedrock Real Estate Partners in its sale of 177 Franklin Street in New York City to a private investor. The seven-story office building houses luxury retailer Shinola’s flagship NYC store and sold for $16.75 million. Avison Young’s James Nelson represented Bedrock in the sale along with Charles Kingsley, Eric Karmitz, David Lawrence and Carter Lovejoy.