The following is a selection of media placements for Great Ink clients and a summary of each.
Client
Waterton
Date
November 12, 2020
Waterton Pays $130.3Mln for Suburban Boston Apartment Property
summary
Waterton has acquired the Rosemont Square apartment property in Randolph, Mass. for $130.3 million. The Chicago investment manager bought the complex from LivCor, a Blackstone Group affiliate that had purchased it in 2015 for $84.8 million from The Praedium Group of New York. Rosemont Square, at 2 Chestnut West, was constructed in phases between 1982 and 2012. The 20- building property has a mix of one- and two-bedroom units with stainless-steel appliances, washers and dryers and patios or balconies. It also has a fitness center, swimming pool, playground and grilling area. Waterton plans on upgrading some of the units as well as the property’s common areas and amenity package. The property is Waterton’s first apartment investment ever in the Boston area. The company, owns three hotels in the Boston suburbs: the 202-room Courtyard in Marlborough, Mass.; the 223-room DoubleTree in Westborough, Mass.; and the 247-room Sheraton in Needham, Mass.
Client
Allrise Capital
Date
November 10, 2020
Allrise Capital Acquires Mixed-Use Portfolio in San Francisco & Berkeley with $500MM Developable Value
summary
Allrise Capital has gained full control of a portfolio of mixed-use real estate properties and sites in San Francisco and Berkeley through the acquisition of its minority partner’s interest. The global investor now has 100 percent ownership of six development projects with a combined developable value of over $500 million. Among the portfolio assets are 598 Bryant Street, 650 Harrison Street and 1394 Harrison Street in San Francisco; as well as 1835 San Pablo Avenue, 2198 San Pablo Avenue, and the pending purchase of 2136 San Pablo Avenue in Berkeley, CA.
Client
Waterton
Date
November 6, 2020
MHN Announces 2020 Excellence Award Winners
summary
Multi-Housing News named the winners of the MHN 2020 Excellence Awards. The annual recognition of the multifamily industry’s top projects, transactions and people was held in an online format for the first time in its 14-year tenure. Waterton’s Citizen at Shirlington Village won the Best Value-Add Renovation.
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Client
Thornton Tomasetti
Date
November 5, 2020
Thornton Tomasetti releases 'Healthy Reentry' free software to aid safe office return
summary
Thornton Tomasetti has open sourced its proprietary Healthy Reentry application for health monitoring and contract tracing. Designed to facilitate the safe return of employees to the workplace, the web-based solution can be customized to meet the needs of large and small companies while protecting the privacy of staff. Healthy Reentry enables employees to record their health status as it relates to COVID-19 before returning to a shared work environment. The simple, secure user interface is scalable for organizations of any size and is compliant with HIPAA, GDPR and other workplace privacy laws. HR app was developed by Thornton Tomasetti’s CORE studio to speed the safe return of the firm’s employees in more than 50 offices around the world.
Client
Simone Development Companies
Date
November 4, 2020
Healthcare’s Shifting Operational Standards
By Ingrid Tunberg
summary
GlobeSt talks with Simone Development Companies about how the healthcare industry’s shifting ideals are currently affecting hospital construction, and the ways that the commercial real estate industry is affected.
Client
Avison Young
Date
November 2, 2020
Avison Young hires former Mack-Cali leasing executive
By Joshua Burd
summary
Avison Young’s New Jersey team has hired Toni L. Casiano as a senior vice president, noting that she will specialize in transaction management and agency services. She comes to AY’s Morristown office after more than two decades with Mack-Cali, where she most recently served as a senior vice president of leasing for an office portfolio of more than 11 million square feet. Casiano has more than 30 years of commercial real estate experience, with a strong background in both corporate and landlord transaction services, lease negotiations and asset management services. She comes to AY from Mack-Cali.
Client
Savanna
Date
November 2, 2020
Plaza Construction signs deal for new offices in Midtown
By Liz Young
summary
Plaza Construction, a construction management and general contracting firm, has inked a full-floor, 14,400-SF lease at 350 Lexington Avenue, a 268,000-SF tower near Grand Central Terminal.
Savanna, a New York City real estate investment manager, owner, operator and developer, bought the property last year for about $180 million and has been rebranding and repositioning the building with a $20 million investment. Mitchell Konsker, Barbara Winter, Ben Bass, Kip Orban, and Colleen Hollowood of JLL are the exclusive agents for 360 Lexington. Joseph Genovesi, Francis Santangelo and Nate Brzozowski of Savills represented Plaza Construction in the deal.
Client
Turnbridge Equities
Date
November 2, 2020
Parsippany industrial property sells for $85M
By Sasha Jones
summary
A 550,000-square-foot industrial property in Parsippany was sold by owners Turnbridge Equities and Harbor Group International for $85.25 million.The partnership spent $4 million on improvements to the New Jersey property, including to demolish former Pfizer lab space and overhaul the HVAC system.
Client
Marx Realty, Simone, RAL
Date
November 2, 2020
Permanent Changes Thanks To COVID-19
By Tom Acitelli
summary
Guy Leibler, president of Simone Healthcare Development, Craig Deitelzweig, CEO of Marx Realty and Josh Wein, RAL’s managing partner for finance, weigh in on the affect of the pandemic on the workplace and office, and what a post-pandemic office might look like.