The following is a selection of media placements for Great Ink clients and a summary of each.
Jonathan Rose Companies
October 19, 2017
By Joseph T. O'Leary
Jonathan Rose Cos.’ Rose Affordable Housing Preservation Fund purchased a 31-building apartment complex in Manchester, Conn., Squire Village, for $70 million in 2016 ,and spent the past year renovating the 30-acre site. Upgrades include a 6,000 SF community center with fitness equipment, kitchens, medical assistance, computer access and programs for children. Squire Village received more than $1 million in roof and gutter replacements and $600,000 of solar panel installation.
EW Howell Construction Group
October 18, 2017
by Liam La Guerre
The Edible Academy at The New York Botanical Gardens is featured in this week’s “Under Construction” column in the Commercial Observer. EW Howell Construction Group is working on the $28 million expansion project, which requires some challenges — trucks have to be cleaned and vacated before the NYBG opens to the public, to avoid any stray mud or plant species from infecting the NYBG plantlife.
Hodges Ward Elliott, Rubenstein Partners
October 18, 2017
By Guelda Voien and Brady Dale
How will driverless cars affect real estate? Sources from the industry, including experts from Rubenstein Partners and Hodges Ward Elliott, name a few aspects that might change over the next 10-15 years, in this week’s Commercial Observer.
Eastern Union Funding
October 17, 2017
Sean Freedman has joined Eastern Union Funding, a commercial real estate mortgage brokerage firm, as its director of banking relations for its Quotes and Term Sheets Banking Division.
Building and Land Technology
October 17, 2017
By Paul Schott
Building and Land Technology has broken ground on its next group of apartments in the Harbor Point complex in Stamford, Conn; a total of 435 units will be built in two, 22-story towers scheduled for completion in 2019. BLT has 100 Commons Park North underway a few blocks down the road, which will bring 392 units to the area across 15 floors. In the Waterside section, 218 units are under construction at the Harbor Landing complex, set to open in 2018.
Savanna
October 17, 2017
by Liam La Guerre
Savanna, a developer and real estate investment manager, has completed a $195M purchase of 19 West 44th Street, an 18-story office building formerly owned by Deka Immobilien GmbH. Mesa West Capital provided the acquisition financing. The 303,943 SF property is also known as The Berkeley Building. JLL’s Mitchell Konsker, Barbara Winter, Benjamin Bass and Kip Orban will lead the building’s leasing efforts.
CBRE Fairfield/Westchester
October 16, 2017
By Betsy Kim
According to CBRE office market reports, Fairfield County experienced an increase in leasing activity and Westchester County remained steady in the third quarter of 2017. Thomas Pajolek, executive vice president of CBRE explained that rental activity tends to slow down in the summer, and the tenancy of three sizable companies provided the primary reason for the Q3 results. Fairfield County’s total leasing activity was up to 941,784 square feet, compared to 800,009 total square feet in the previous quarter, and 661,581 square feet rented during the same time period last year. During the third quarter, the Westchester County office market experienced 535,813 square feet in total leasing activity. This is an increase from 455,866 square feet of total leasing activity during the second quarter. Plus, average asking rents increased to $28.54 per square foot, up from $27.81 in the previous quarter.
Pickard Chilton
October 15, 2017
By Keiko Morris
Many Manhattan landlords are sprucing up the lobbies of their office towers to include art, restaurants, retail, and spaces to relax for tenants, and the public. William Chilton, principal of Pickard Chilton has designed HQ’s for companies like Northwestern Mutual Life Insurance Co., and public space within buildings is becoming a priority. Landlords want the public to be in a building, because it gives it an energy, Chilton said.
Building and Land Technology
October 12, 2017
By Paul Schott
Walter’s Hot Dogs, a beloved hot dog stand in Westchester, opens its second brick-and-mortar location at 200 Commons Park South in Stamford, Conn, near the Harbor Point community owned by Building and Land Technology.