The following is a selection of media placements for Great Ink clients and a summary of each.
Client
Rubenstein Partners
Date
October 19, 2018
Home Depot adding hundreds of high-paying jobs in Cobb County
By Douglas Sams
summary
More than 400,000 SF of leases have been signed during the last nine months at Pennant Park, a 10-building, 1 million SF office park in Atlanta’s Cumberland submarket. Cushman & Wakefield’s Andy Sumlin, Caroline Nolen and Porter Henritze represent the property on behalf of the landlord, Rubenstein Partners. Rubenstein invested nearly $15 million in upgrades, which will be complete in early 2019, including new lobbies, corridors, restrooms and an outdoor spaces that can be activated for tenant events at the property.
Client
Fried, Frank, Shriver, Harris & Jacobson
Date
October 2018
Judgment Day for NYC’s law firms
By Rich Bockmann
summary
Real estate lawyers see a boost in billing from an improving investment sales market and a newly competitive lending environment. Attorney Robert Sorin is quoted. Fried Frank, with 94 attorneys, made the number one spot in the list of New York law firms with the largest real estate practice.
Client
R New York
Date
October 17, 2018
New and nearly-new firms take up mantel in changing business
By Jackson Chen
summary
Real Estate Weekly takes a look at New York’s residential brokerages and broker teams that have either started their own shop, rebranded, or introduced a new method of working that is challenging the industry. Stefani Berkin, president of R New York (formerly Rutenberg NYC) talks about the firm’s 100% commission model and the firm’s recent name change to “R” which allows for further growth opportunities in new markets.
Client
Thornton Tomasetti
Date
October 16, 2018
This Week's Chicago Deal Sheet
By Catie Dixon
summary
The Chicago office of Thornton Tomasetti, an international engineering firm, recently celebrated its 25th anniversary with a celebration at the Chicago Architecture Center. The company has 100 employees locally and has worked on the 23-story expansion of the Chicago Board of Trade, Jeddah Tower, the adaptive reuse of Soldier Field, the structural renovations at Wrigley Field and the update of the Yard at Chicago Shakespeare Theater.
Client
GFP Real Estate
Date
October 16, 2018
Designer Isabel Marant will open first showroom in Manhattan
By Lois Weiss
summary
Isabel Marant has signed a 4,070-SF lease at the Chelsea Arts Building at 210 Eleventh Avenue, where the French fashion designer will open her first NYC showroom. The showroom, which resembles a retail space, has large windows and polished concrete floors, and boasts a private entrance which will benefit celebrities that shop with the brand. Audrey Novoa, Jakob Pedersen and Gregg Schenker of ABS Partners Real Estate represented the ownership. Paige Engeldrum of Cushman & Wakefield acted on behalf of the tenant. Other deals at the building include a renewal and expansion for Gabriela Hearst to 7,180 SF; Jay Godfrey leased 3,740 square feet on the second floor; and Michael Stars signed a 3,600-square-foot lease on the seventh floor.
Client
Madison Realty Capital
Date
October 16, 2018
Local Developers Snag $36M Construction Loan for Upper West Side Condo Project
By Matt Grossman
summary
Madison Realty Capital has closed on a $36.1 million construction loan for a mixed-use development on the Upper West Side of Manhattan. The loan will fund a 21-story apartment tower at 214 West 72nd Street, which will also include a 1,200 SF retail component. The project is a partnership between SK Development and CB Developers.
Client
Avison Young
Date
October 14, 2018
Long Island hires and promotions: Neil Creedon, Avison Young
By Diane Daniels
summary
Neil Creedon has joined Avison Young’s Melville office as principal. He was formerly a senior executive director at Colliers International in Jericho. Creedon resides in Massapequa.
Client
Marx Realty
Date
October 12, 2018
The New York office has a millennial makeover
By Joseph Chaffen
summary
New York landlords are scrubbing the traditional office buildings with the tastes of the older generation and turning them into spaces that appeal to millennials. Craig Deitelzweig, chief executive officer of Marx Realty notes that the company has completed several major renovations, including the $45m redo and rebranding of 10 Grand Central. The lobby is modeled after a members-only club or boutique hotel. Dietelzweig adds that the complete makeover of a building is essential, as the building becomes part of the tenant’s brand. Renovations also boost rents and provide the landlords with future growth opportunities.
Client
Marx Realty
Date
October 12, 2018
Sears Exit Would Leave Big Holes in Malls. Some Landlords Welcome That.
By Esther Fung
summary
Craig Deitelzweig, chief executive officer of Marx Realty, is quoted in this WSJ article about the Sears bankruptcy filings. As many Sears department stores, auto centers and Kmart stores — which are also owned by the holding company — make plans to close, property owners are preparing for the shake-up and making contingency plans to fill empty space at their centers. Marx Realty owns the Cross County Shopping Center in Yonkers with Benenson Capital, where Sears has leased a three-story, 250,000 SF building for 40 years. The center has great foot traffic and is 98% leased. However, centers around the country who are not seeing such strong leasing activity may suffer from the loss of an anchor tenant.