The following is a selection of media placements for Great Ink clients and a summary of each.
Client
Jonathan Rose Companies
Date
November 15, 2018
Jonathan Rose buys 558-unit Bay Ridge affordable housing complex for $150M
By Eddie Small
summary
Jonathan Rose Companies purchased a 558-unit Section 8 housing complex in Bay Ridge for $150 million from NYU Langone in partnership with NHP Foundation and TIAA investment manager Nuveen. The site at 9000 Shore Road consists of two interconnected 14-story buildings totaling about 414,000 SF. The buildings include 325 studio apartments and 233 one-bedrooms. Jonathan Rose Companies is planning to make the buildings more environmentally friendly and improve resident services.
Client
Avison Young
Date
November 15, 2018
Brooklyn multifamily portfolio hits the market asking $70M
By Rich Bockmann
summary
Avison Young is the exclusive marketing agent for CBZ Management’s portfolio of Crown Heights, Brooklyn apartment buildings, asking $70 million. The nine walk-up buildings total more than 180,000 SF and 212 units and are rent stabilized. James Nelson is working on the listing with colleagues Fritz Richter, Sam Schertz, Joseph Rosenfeld and Allan Fries. CBZ Management assembled the properties between 2003 and 2015 for a total cost of $27.78 million.
Client
Jonathan Rose Companies
Date
November 14, 2018
Jonathan Rose Arranges $92M Financing for Grace West Manor Redevelopment
By Steve Lubetkin
summary
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.
Client
Avison Young
Date
November 14, 2018
Arthur Mirante joins board of Avison Young
summary
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.
Client
RFR
Date
November 13, 2018
Law firm signs new 15-year deal to stay in Chrysler Building
By Lois Weiss
summary
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.
Client
EW Howell Construction Group
Date
November 13, 2018
EW Howell Construction Group Completes $25.5M Benchmark Senior Living Community in Smithtown
summary
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.
Client
Avison Young
Date
November 12, 2018
Avison Young CEO Mark Rose On NYC Hires, Global Expansion And Why They Won’t Go Public
By Miriam Hall
summary
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.
Client
Hines
Date
November 9, 2018
Luxury-Loving Manhattan Seniors Will Have a New West Side Tower
By Oshrat Carmiel
summary
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.
Client
Madison Realty Capital
Date
November 7, 2018
Madison Realty Capital Lends $68M on NJ Multifamily Development
By Cathy Cunningham
summary
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.