The following is a selection of media placements for Great Ink clients and a summary of each.
Avison Young
December 8, 2017
Avison Young welcomes Bob Cascella, who joins the Fairfield, CT office of the commercial real estate services firm as vice president.
Jonathan Rose Companies
December 8, 2017
By Phil Hall
Since 1994, the building industry has used LEED, the energy conservation and sustainability program, which made a large impact on design and construction. However, developers and others in the market are losing excitement over LEED due to costs and other factors; in Connecticut, only 12 commercial properties received LEED certification in 2017, nearly four times less than when the certification process was at its peak in 2013. Jonathan Rose Companies’ Caroline E. Vary notes that the firm tries to reach LEED certification on its projects, emphasizing the importance of third-party verification.
Jonathan Rose Companies
December 7, 2017
By Ethan Rothstein
Shared spaces and smaller units often allow developers to charge cheaper rents for tenants, but developers are now being forced to think creatively about ways to keep rents down as construction costs reach higher levels. Jonathan Rose Companies’ Development Manager Jenny Wu spoke at Bisnow New York’s Residence of the Future event, where she cited the firm’s latest Brooklyn development. The rental, named Caesura, features micro-units that are fully furnished, and a Shared Goods library of items you might need at one point, but don’t need to own. These are tactics that help renters save money from the get-g0.
Avison Young
December 7, 2017
By Joshua Burd
Avison Young’s Matthew Turse, Timothy Cadigan and John Recchia represented FCI Properties in its sale of 460 Milltown Road, a 46,000 SF complex in Bridgewater, NJ. The site served as an indoor tennis club, but will soon feature other indoor athletic fields. Avison Young Property Management Services will maintain the property and the grounds.
Thornton Tomasetti
December 6, 2017
Thornton Tomasetti, the international engineering firm, has opened a new office in Houston, TX, the firm’s third location in the state. Additionally, Thornton Tomasetti has partnered with Structures, an Austin-based structural engineering firm to form a limited liability company known as Structures + Thornton Tomasetti to jointly pursue HUB opportunities across Texas. The new company will allow both firms to better serve state agencies and universities.
Eastern Union Funding
December 6, 2017
By Emily Bader
Eastern Union Funding, a commercial real estate mortgage brokerage firm, has built on the success of its Affiliate Broker Division by launching the Affiliate Buyer Division. The new initiative will provide an array of listings to strengthen existing relationships with current clients and bring in new business.
CBRE Fairfield/Westchester
December 6, 2017
By Paul Schott
A team from CBRE’s Fairfield/Westchester office represented the sellers of The Wescott, a 261-unit apartment building in downtown Stamford. Jeffrey Dunne, Gene Pride and Eric Apfel negotiated the $67 million sale on behalf of an affiliate of investment-management firm Nuveen, which sold the building at 1450 Washington Boulevard to an undisclosed N.J. investment group. This sale is one of the city’s largest residential sales of 2017. Built in 1986, The Wescott has undergone significant interior and exterior renovations in the past five years.
Avison Young
December 5, 2017
By Lois Weiss
In the New York Post, Jedd Nero of Avison Young points out the increase in pop-up stores around the New York region, largely in part because of the struggling retail market. This solution is appealing to landlords as well as brands, which might use a pop-up as a way to try a new concept or neighborhood. In some cases, a pop-up tenant may turn into a long-term tenant.
Avison Young
December 5, 2017
By Eddie Small
The Christine Valmy International School, a global cosmetology school, has signed a 13-year lease for 24,000 SF at 1501 Broadway in Midtown Manhattan. A team led by Arthur Mirante and Michael Gottlieb of Avison Young represented the landlord, the Paramount Building, in the deal, which will relocate the organization’s school, headquarters and executive offices. Jordan Mandel of Vanguard Global Realty represented the tenant.