The following is a selection of media placements for Great Ink clients and a summary of each.
Jonathan Rose Companies
November 14, 2018
By Steve Lubetkin
Jonathan Rose Companies has arranged a new Low Income Housing Tax Credit Partnership that will use roughly $64 million in FHA 233(f) permanent financing from Key Bank and $28 million in LIHTC equity from Bank of America to revitalize Grace West Manor, a 429-unit, affordable Section 8 property in Newark, NJ. The developer and investor in sustainable, affordable and mixed-income multi-family real estate will undergo a $17.5 million capital improvement project to community spaces, units, security and other items.
Avison Young
November 14, 2018
Arthur Mirante, principal of Avison Young and its Tri-State president has been appointed to the firm’s board of directors. Mirante’s appointment expands the board to eight. He joined Avison Young in 2012 in conjunction with the company opening an office in New York City, and has since overseen the region’s growth. He previously spent 20 years as CEO of Cushman & Wakefield.
RFR
November 13, 2018
By Lois Weiss
The New York Post reports on recent leasing activity at RFR Realty’s 285 Madison Avenue. FarFetch.com, an online luxury-goods hub, opened its first brick-and-mortar office with a 10-year, 14,875 SF lease for the entire 23rd floor at the building. FarFetch.com was represented by Bill Peters, Josh Stuart and Christian Allen of JLL represented the tenant. LiquidX, a financial tech firm, signed a 7,813 SF lease for a pre-built on part of the 14th floor of 285 Madison, and was represented by Matthew McBride of CBRE. RFR was represented in-house by AJ Camhi and Ryan Silverman, along with a team from JLL.
EW Howell Construction Group
November 13, 2018
EW Howell Construction Group, one of the region’s leading education, retail, cultural, government and healthcare builders, has completed Whisper Woods of Smithtown, the first New York project for Waltham, MA-based Benchmark Senior Living, a leading provider of senior living services in the Northeast. The $25.5 million, 88,500-square-foot community at 71 St. Johnland Road in Smithtown, N.Y. is now receiving residents. EW Howell also recently began construction on Benchmark’s second New York assisted living facility in Woodbury, NY, a $22 million, a 74,000-square-foot project expected to be completed in May 2019.
Avison Young
November 12, 2018
By Miriam Hall
Bisnow highlights Avison Young’s expansion in New York City’s office. It launched in 2011 and this year has negotiated several high-profile hires including C&W’s James Nelson, former CBRE brokers Keith Caggiano and Roshan Shah. There has been a remarkable level of change in the NYC brokerage landscape, with consolidations and closings. Avison Young is taking advantage of this opportunity by disrupting the industry.
Hines
November 9, 2018
By Oshrat Carmiel
Bloomberg reports on a second senior project planned by Hines and Welltower on New York City’s Upper West Side. The 162-unit luxury assisted-living facility will cater to the elderly and memory-challenged who wish to stay in their own neighborhood.
Madison Realty Capital
November 7, 2018
By Cathy Cunningham
Madison Realty Capital closed a $67.5 million loan collateralized by a 205-unit multifamily development project and an adjacent development site which allows the borrower, a partnership of Accordia Realty Ventures and Eastone Equities, to acquire both sites and finish construction of the 205-unit first phase of the project.
Avison Young
November 6, 2018
Nicola Heryet, a principal in Avison Young’s New York City office, has been named as one of Connect Media’s 2018 Women in Real Estate. The awards honor the achievements and inspirational stories of women who have reached respected positions of leadership and play key mentorship roles for others. For more than 20 years, Heryet has closed more than 25M SF of transactions, focused on landlord and tenant representation. She received the Real Estate Board of New York’s 2002 Robert T. Lawrence Memorial Award for the 740,000-square-foot relocation of the United Federation of Teachers headquarters.
Madison Realty Capital
November 1, 2018
By Rich Bockmann
Madison Realty Capital secured City Council approval for its plans for the mixed-use development at 69-02 Queens Boulevard in Woodside, Queens. The development, to be developed under the City’s Mandatory Inclusionary Housing (MIH) rules is one of the first MIH project’s developed in this Community Board and Council district, will include a space set aside for a 476-seat school, as well as 129 affordable units.