The following is a selection of media placements for Great Ink clients and a summary of each.
Client
Ariel Property Advisors
Date
September 18, 2024
What the interest rate cut will mean for New York real estate
By Eddie Small
summary
Shimon Shkury, president of Ariel Property Advisors, offers expert commentary in a Crain’s New York Business article about the interest rate cut. High interest rates have been one of the main factors behind slow property sales and high rents. This week, the Federal Reserve cut its benchmark interest rate by half a percentage point, with additional declines expected. Shkury adds, “Next year will be a lot more robust in terms of volume of transactions.” Read the full story here.
Client
Aeromine Technologies
Date
September 18, 2024
BMW Drives Innovation with Motionless Wind Energy Trial
By Kaleigh Harrison
summary
BMW Group has partnered with Aeromine Technologies to test a novel wind energy system at its MINI manufacturing plant in Oxford, England. The collaboration marks the UK’s first installation of a motionless wind energy system, showcasing BMW’s commitment to sustainable innovation and Aeromine’s cutting-edge technology in renewable energy solutions. Learn more about the installation here.
Client
Marx Realty
Date
September 17, 2024
The Plan: 10 Grand Central Gets a Train-Themed Tenant Lounge
By Abigail Nehring
summary
In this week’s Commercial Observer, Marx Realty revealed plans for The Meeting Galleries, a new, 11,000-SF amenity suite on the 11th floor of 10 Grand Central. Detailed in The Plan, the new space will comprise four distinctive and reservable spaces to accommodate board meetings, corporate retreats, holiday parties, product launches, team building activities, podcast production and much more. From a next-generation ‘town hall’ meeting lounge with seating for 200 to pre-function, podcast and theater rooms, The Meeting Galleries have been meticulously designed to resemble the aesthetic of a luxury train liner; these purpose-built spaces pay homage to the nearby Grand Central Station, with a nod to the Beaux Arts era of luxury train travel, featuring realistic influences and textured layers of warmth and sophistication. Designed by Studios Architecture, The Meeting Galleries will be tied together with art sourced by Curator Engine. See the full article.
Client
Stuart Saft
Date
September 11, 2024
Tax Pros Take on the Challenge of Big Write-Downs on Troubled New York Properties
By Larry Getlen
summary
This year has seen many buildings trading hands for a fraction of their previous values, leading sellers to deal with tax implications they may not be used to compared to selling properties at or close to expected value. New York has an unusual method for calculating taxes, which could lead to issues. Stuart Saft, a partner at Holland & Knight, contributes expert commentary on the ways he’s advising clients on these types of situations. Learn more.
Date
September 10, 2024
Sunbelt Manufacturing Boom Lures Property Investors
By Will Parker
summary
Mack Real Estate Group’s planned 2,300-acre mixed-use development in Phoenix, AX, Halo Vista, is featured in a Wall Street Journal article on the “manufacturing revival” underway in the U.S. Property investors are eager to capitalize on the boom, interested in building or acquiring warehouses, hotels, offices and apartments near upcoming factories in the Sunbelt and Rust Belt, where projects will create jobs and produce a multiplier effect. Read the full story here.
Client
Waterton
Date
September 10, 2024
Chicago investor pays $78 million for Lisle apartments
By Rachel Herzog
summary
Waterton, a Chicago-based real estate firm, has acquired Avant at the Arboretum, a 310-unit apartment complex in Chicago for nearly $78M. The deal shows the strength of the suburban rental housing market. Read the full story.
Client
JEMB Realty
Date
September 9, 2024
Deals of the Day
summary
JEMB Realty signed an 8,100-SF office lease for streaming service Philo TV at 1 Willoughy Square in Brooklyn, NY. The Kaufman Organization’s Catherine Villar represented the tenant. CBRE’s Paul Amrich, Neil King, Zachary Price, Alex D’Amario and James Ackerson represented the landlord.
Client
Marcus & Millichap
Date
September 9, 2024
Litwack joins Marcus & Millichap Capital Corp. as managing director in New Jersey office
By Joshua Burd
summary
Marcus & Millichap has expanded its capital markets financing arm in New Jersey with the hiring of Mark Litwack as a managing director. He will advise on all property types including multifamily, retail, hospitality, self-storage, office and industrial. Litwack joins from Meridian Capital Group, bringing more than 12 years of experience in the commercial real estate industry.
Client
Aeromine Technologies
Date
September 5, 2024
Inflation Reduction Act: A Boon To Clean Energy Tech Development
By David Asarnow, co-founder and CEO
summary
The Inflation Reduction Act is helping boost clean energy by investing over $300 billion in new technology and job creation. David Asarnow, c0-founder and CEO of Aeromine Technologies, authors an article highlighting how companies like Aeromine benefit from tax incentives, making it easier for their rooftop wind turbines to grow and succeed. Read more about the law, a big step toward reducing carbon emissions and building a sustainable future.