The following is a selection of media placements for Great Ink clients and a summary of each.
Client
Stuart Saft
Date
October 29, 2019
Dealing with Condominium Construction Loan Defaults
By Stuart Saft
summary
Stuart Saft, a partner at Holland and Knight, offers expert insight into how lenders should deal with defaults on condominium construction loans. The softening of the luxury condo market and excess of expensive units unsold could lead to developers not meeting their repayment milestones. Stuart outlines issues to be aware of unique to condo financing.
Client
Waterton
Date
October 29, 2019
Pathway to Living Hires Shea Krause as Regional Vice President of Sales
summary
Shea Krause has joined Pathway to Living as regional vice president of sales. The developer, owner, and operator of seniors housing communities is an arm of Chicago-based real estate investor and operator Waterton. Krause will be responsible for implementing marketing and product development programs to achieve organizational sales and occupancy objectives across Pathway’s brands in both new and existing markets. She will also manage all regional directors of sales and is responsible for the hiring and performance management of team members. She has more than 12 years of sales and marketing experience in senior housing.
Client
Avison Young
Date
October 29, 2019
Middling Results: Midtown’s Leasing Slowed in Third Quarter of This Year
By Nicholas Rizzi
summary
Marisha Clinton, senior director of research at Avison Young, is quoted in a Commercial Observer article about Midtown Manhattan’s office leasing during Q3 2019, which dropped 30% from the five-year historical average in the area, according to a report by Transwestern. Though leasing activity cooled, the vacancy rate also reached its highest level since 2016. Clinton is hopeful, saying, “overall, the pipeline does, in fact, look better for the fourth quarter. We should actually surpass where we were for all of 2017.”
Client
CBRE
Date
October 28, 2019
Long Island Hotels Prepare For 2020 Low Finishing Year-End Strong
By Mariah Brown
summary
Long Island Hotels are looking at a year-end ramp-up in revenue and occupancy rates for a dip entering the 2020 New Year and into 2021, according to research from CBRE Hotels Research forecast for growth in revenue per available room. Average daily room rates for Long Island properties will remain steady at 1.5 to 2 percent as a result of slow market growth and little exposure to growth, says Mark VanStekelenburg of CBRE Hotels.
Client
Avison Young
Date
October 23, 2019
Property Management Company Moving to 11K SF at 55 Broad Street
By Nicholas Rizzi
summary
An Avison Young team of Jamie Covello and Albert Wu arranged a 10-year, 11,047-SF lease for Solstice Residential Group on the 26th floor of Rudin Management Company’s 55 Broad Street. The residential property management company is moving its Gramercy Park offices to the Financial District and was represented by Kevin Daly of Rudin.
Client
EW Howell Construction Group
Date
October 22, 2019
TWA Hotel Opens the World’s Largest Hotel Fitness Center
summary
EW Howell Construction Group has completed the build-out of TWA Fitness, the world’s largest hotel fitness center, at the TWA Hotel, totaling 10,000 square feet. The firm’s interior division was tapped by MCR and MORSE Development as construction manager for the hotel’s fitness center. Designed and operated by The Wright Fit, which has created 140 premium fitness clubs worldwide and operates more than 20 in New York City, TWA Fitness has a 10,000-square-foot open floor plan. Hotel guests and monthly members can enjoy a 7,000-SF cardio/weight room, a Peloton room and a yoga
room.
Client
RAL Development Services
Date
October 22, 2019
Hubba Hubba: Zero Irving and the City’s Growing Number of Tech Hubs
By Nicholas Rizzi
summary
An article in the Commercial Observer talks about the rise of tech hubs, focusing on RAL Development Services’ “Zero Irving,” a 21-story tech hub at 124 East 14th Street in NYC’s Union Square neighborhood. The building will contain tech training and a startup incubator and hopes to be a model for other cities.
Client
Thornton Tomasetti
Date
October 21, 2019
MidAtlantic People: Construction business updates for October 2019
summary
Wayne Stocks, managing principal at Thornton Tomasetti’s Washington, D.C.-based office, will become the firm’s president as of Jan. 1. He will lead the company’s business units, along with San Francisco-based managing director Gary Panariello as part of the New York City-based design firm’s larger management succession. Stocks, who has experience in structural design, construction and project management for new buildings and historic structures, has collaborated with private-sector and government clients on a diverse portfolio of education, hospitality, health care, entertainment, office and mixed-use projects. Stocks is also on the Thornton Tomasetti Foundation’s board of governors.
Date
October 2019
The Best Apartment Amenities Prioritize Residents' Busy Lives
By Lela Cirjakovic
summary
Lela Cirjakovic, executive vice president of operations at Waterton, provides thought leadership on multifamily amenities in Western Real Estate Business. Outside of price and location, amenities and apartment features are the most important things to consider in a rental property. Cirjakovic says, stay away from amenities with no tangible need — successful rental amenities are those that are thoughtfully programmed, encourage resident interaction and are constantly fine-tuned to meet evolving resident preferences and demographic. She also adds: features that save residents time, like certain technologies, are also coveted.