Avison Young’s Tri-State Investment Sales Group is marketing two retail condominiums totaling 7,733 square feet on two floors at 90 William St. in the Financial District. The asking price is $6.25 million. James Nelson, head of tri-state investment sales, is marketing the offering on behalf of the current tenant and owner, a religious institution, along with director Brent Glodowski and associate Carter Lovejoy. The retail condos sit at the base of a 17-story residential condo building that benefits from excellent pedestrian traffic.
The following is a selection of media placements for Great Ink clients and a summary of each.
Client
Avison Young
Date
August 7, 2019
Avison Young’s Nelson Team Markets Retail Condos in FiDi
summary
Date
August 7, 2019
Nobody move! Renters stay put as owners sell in bulk
By Sabina Mollot
summary
Real Estate Weekly recently filed a feature story on how more multifamily owners are beginning to sell off some of their NYC buildings in light of the newly enacted rent regulations; meanwhile, residents at many of these properties are taking a “wait and see” approach in terms of moving and renter turnover has slowed down. Daniel Parker with Hodges Ward Elliott, who has closed deals on behalf of some of the top multifamily owners in the NYC market, comments that while developers are evaluating their portfolios because of these new regulations, he also hasn’t seen owners rushing to sell their properties.
Client
Fried, Frank, Harris, Shriver & Jacobson
Date
August 6, 2019
Hudson Yards. Terminal Stores. Amazon HQ2. Fried Frank’s Ross Silver Was There
By Matt Grossman
summary
Ross Silver, a 32-year industry veteran and partner at Fried Frank, is profiled in Commercial Observer. He talks about his involvement in Amazon’s plan to move to Long Island City, although that wouldn’t have been his largest deal this year. Silver negotiated WarnerMedia’s $2.2 billion sale-leaseback of a 1.5-million-square-foot office condo at 30 Hudson Yards; L&L Holding Company and Normandy Real Estate Partners’ $900M acquisition of Terminal Warehouse, and Blackstone’s $475M acquisition of Parker Towers. Industry veterans weigh in on working with Silver through the years.
Client
First Financial Network
Date
August 6, 2019
CLO partner appointed
summary
First Financial Network is featured in Structured Credit Investor’s market roundup. The firm has announced the offering of three pools of Ukrainian non-performing loans totaling US$1.35bn. The largest of the three pools, the $540 million IMEXBANK loan portfolio, includes the real estate-owned Chornomorets Stadium in Odessa.
Client
Savitt Partners
Date
August 5, 2019
These were the top 10 NYC retail leases in July
By Lucas McGill
summary
A Savitt Partners deal at 218 West 40th Street was included in The Real Deal’s roundup of the top ten retail leases in July. KFF, a Korean food hall, signed a multilevel lease at the property for 22,292-SF of space. Young Byunn of Winick Realty Group represented the tenant, while Brian Neugeboren, Nicole Goetz and Bob Savitt of Savitt Partners represented the landlord, 218 West 40th Associates.
Client
Marx Realty
Date
August 1, 2019
Marx Realty Gets $140M MetLife Refi on 10 Grand Central Tower
By Mack Burke
summary
Marx Realty received a 10-year $140 million loan from MetLife to refinance its recently repositioned Art Deco office tower, 10 Grand Central. A Cushman & Wakefield (C&W) team led by Steve Kohn and including Adam Doneger, Mark Ehlinger and Noble Carpenter III arranged the debt. The 438,000-SF property is now 91 percent leased by a mix of tech, medical, financial and entertainment tenants.
Client
View, Inc.
Date
July 31, 2019
Regeneron goes high-tech with ‘smart’ windows
By Peter Katz
summary
View, Inc.’s dynamic glass is featured in a story about Regeneron’s headquarters at Landmark at Eastview in Mount Plesant, NY. The leading science and technology company adopted View Dynamic Glass to save money upfront and save about 15% over the building’s overall energy costs.
Client
Populous
Date
July 30, 2019
Retail Landlords Look to Esports to Lure Young Gamers
By Esther Fung
summary
The Wall Street Journal takes a look at the growing esports industry. A number of real estate landlords are looking to esports as they look to breathe life into their malls, hotels and other properties. Brian Mirakian, brand activation director at Populous explains that investment in esports facilities are happening on multiple fronts as they look to capitalize on the fan base and live events. These venues range from ground-up (like the new Philadelphia Fusion Arena) or adaptive reuse of existing space, like the Arlington esports arena repurposed from an old convention center.
Client
The Marketing Directors
Date
July 29, 2019
Keys to successfully marketing residential projects
summary
The Marketing Directors CEO Adrienne Albert highlights in Real Estate Weekly several key steps that can help developers and owners of luxury residential properties launch successful marketing campaigns.