The following is a selection of media placements for Great Ink clients and a summary of each.
Madison Realty Capital
September 14, 2017
By John Jordan
Madison Realty Capital provided Fortis Property Group with a $297 million construction loan for the redevelopment of River Park, a redevelopment project of the former Long Island College Hospital site in Cobble Hill, Brooklyn. When completed, River Park will feature 172 luxury condo units, nearly 67,000 SF of community space, and 328 parking spots.
Jonathan Rose Companies
September 14, 2017
By Ethan Rothstein
Jonathan Rose, president of Jonathan Rose Companies, talks with Bisnow about the challenges facing New York today, including housing cost and housing supply. Rose estimates that the city is in need of 800,000+ affordable housing units. New York has several properties offering units at mixed-income levels, such as L&M’s Essex Crossing.
Jonathan Rose Companies
September 14, 2017
By John McManus
Builder magazine takes a look at the early days of Jonathan F.P. Rose’s career, right up to the company’s latest announcement.
Thornton Tomasetti
September 13, 2017
By Pam Radtke Russell, Louise Poirier, Scott Blair
ENR talks with engineering and real estate professionals who have flocked to Texas to help assess and rebuild after damage from Hurricane Harvey. Thornton Tomasetti Vice President Bruce Arita, head of the firm’s Property Loss Consulting practice, notes that the number of assessments is daunting, and the size of the Houston area makes it hard to get around. The firm is completing insurance assessments near Corpus Christi and will be in Houston later this month.
Onyx Equities
September 13, 2017
by Joshua Burd
Onyx Equities, LLC, in a joint venture with Garrison Investment Group, has acquired a four-property, 847,805-square-foot office portfolio throughout Bergen County, New Jersey. The transaction represents the largest Bergen County market office property purchase completed to-date this year. The properties include 461 From Road and 15 East Midland Ave., both in Paramus, and 365 West Passaic St. and 395 West Passaic St. in Rochelle Park.
Savanna
September 12, 2017
by Daniel Geiger
Savanna has secured a $100 million construction loan for a high-end boutique office building it’s raising on West 56th Street. A senior portion of the debt was received from United Overseas Bank and a mezzanine loan was from Canyon Partners Real Estate.
Jonathan Rose Companies
September 12, 2017
By Joe Rubino
Downtown Denver is getting a new 11-story office tower, which will serve as the Denver Housing Authority’s headquarters. Aside from the office space itself, the building will feature a market selling fresh foods, and rental space for small businesses and nonprofits. Rose Urban Green Fund, an affiliate of Jonathan Rose Companies, has dedicated $10.25 million to the construction.
Jonathan Rose Companies
September 12, 2017
by Keiko Morris
Keiko Morris at The Wall Street Journal reports on a $233M real estate fund raised by Jonathan F.P. Rose, founder and president of Jonathan Rose Companies, that will be dedicated to the acquisition, improvement and preservation of affordable housing nationwide. Because of the high demand for this asset class, affordable housing appeals to investors due to its low risk and steady income.
Madison Realty Capital
September 12, 2017
by Cathy Cunningham
Madison Realty Capital announces the closing of a $297 million construction loan for River Park, a three-building mixed-use development in Cobble Hill, Brooklyn. The borrower and developer of the project is Fortis Property Group and the development sits on three adjacent sites that formerly comprised the Long Island College Hospital medical campus.