Hodges Ward Elliott arranged the sale of 424 Bedford Ave., the tallest property in Brooklyn’s South Williamsburg neighborhood, for seller East End Capital and KBS. The 63,866-square-foot, 20-story luxury rental was sold to Global Holdings Group in its first rental apartment deal for $43.8 million, with an assumption of the in-place debt. An HWE team of Will Silverman, Paul Gillen, Daniel Parker, and Ariel Tambor advised the seller on the transaction and procured the buyer.
The following is a selection of media placements for Great Ink clients and a summary of each.
Client
Avison Young
Date
January 18, 2019
AY: Medical supplies, equipment distributor takes 208,000 sq. ft. in Edison
By Joshua Burd
summary
Concordance Healthcare Solutions is relocating from a space in Secaucus, NJ to Edison, in a 208K-SF, 10-year lease arranged by Avison Young. A team of Timothy J. Cadigan, Matthew C. Turse and John Recchia represented the tenant, a national healthcare distributor, in its move to 60 Distribution Boulevard.
Client
Simone Healthcare Development
Date
January 18, 2019
Simone Healthcare Development Shares Key Design Trends
summary
Commentary from Simone Healthcare Development is used in a Healthcare Construction + Operations story about design trends in healthcare. The New York-based hospital construction company reviews architecture trends that support the needs of healthcare as part of the firm’s commitment to supporting the needs of the medical community. A compassionate medical team is key, however, a team cannot be effective without a quality facility, which can improve the happiness and health of patients and employees.
Client
Hodges Ward Elliott
Date
January 16, 2019
South Williamsburg Deal is Buyer’s First Foray into Luxury Rental
summary
Client
Marx Realty
Date
January 15, 2019
Media Company, The Week Magazine, Chooses Midtown East
By Betsy Kim
summary
New York-based Marx Realty inked two deals totaling 14,200 square feet at 155 E. 44th St. The U.S. edition of the UK-based weekly magazine The Week signed a 10-year lease for the entire 12,000 square feet on the 22nd floor, with a move-in date of May 2019. Montieth & Company, a communications consultancy, recently moved into a 2,200 square-foot, pre-built space.
Client
Simone Development Companies
Date
January 15, 2019
Three developers tell why they are investing in Westchester County
By Ryan Deffenbaugh
summary
Guy Leibler, president of Simone Healthcare Development, was a panelist at the Building Owners and Managers Association of Westchester’s annual State of the Market lunch. Since 2015, Simone has built, acquired or converted space in Westchester for primarily medical use, working with top-notch healthcare names such as NYU, NewYork-Presbyterian, Northwell, Mount Sinai and Montefiore. Simone is focusing the majority of its latest efforts on the healthcare sector, as “it’s something we will need for the rest of our lives,” said Leibler.
Client
Waterton
Date
January 11, 2019
Do You Offer Your Residents These Services?
by Lela Cirjakovic
summary
Lela Cirjakovic, an executive vice president at Waterton, a property management and investment group, contributes a thought leadership piece to Multifamily Executive focused on resident services. Apartment managers must focus on three things, including but not limited to thoughtful, convenient and flexible amenities, package rooms that can handle the volume of deliveries from online shopping sites, and smart home technology.
Client
Pickard Chilton
Date
January 10, 2019
Pickard Chilton-Designed Project Breaks Ground in Tokyo
By Barbra Murray
summary
Pickard Chilton celebrated the groundbreaking of a firm-designed project in Tokyo, Japan by Mitsui Fudosan. The 3.3 million-square-foot, mixed-use high-rise called Y2 marks the architectural firm’s first commission in Japan. Principal William Chilton participated in the groundbreaking,which included a traditional Japanese purification ceremony to ensure prosperity and success for the development.
Client
Avison Young
Date
January 9, 2019
Westchester & Fairfield Cheat Sheet: International distiller pays $3.2M for Putnam County development site
By Maya Rajamani
summary
Avison Young’s New York office arranged the $3.2 sale of 39 Seminary Hill Road, a 12.75-acre hilltop site that will serve as the first U.S. distillery for a Romanian spirits producer. Alexandrion Group acquired the Carmel development site from Hinckley Holdings and Covington Development. The space features an office and warehouse facility as well as parking, making it the perfect location for the 118,400-SF planned distillery, visitors center and tasting rooms.
Client
Waterton
Date
January 9, 2019
Apartment portfolio spanning from Raleigh to Charlotte sells for $169M
By Ben Graham
summary
Waterton, a Chicago-based real estate investment firm, acquired an apartment portfolio that includes 1,148 units across four complexes in Raleigh, Charlotte and Cary, North Carolina. They include Atria at Crabtree Valley in Raleigh, Audubon Parc in Cary, and Ashford Green and the Retreat at McAlpine Creek – both in Charlotte. The firm plans upgrades totaling between $20-$30 million that will provide more returns in the future. Waterton purchased the multifamily complexes for $169 million from an investment group led by the Bainbridge Companies.