The following is a selection of media placements for Great Ink clients and a summary of each.
Avison Young
July 24, 2017
by Liam LaGuerre
A law firm specializing in intellectual property rights has signed a new, 17,596 SF lease at JEMB’s 75 Broad Street. The practice is a spin-off from the division at Ropes & Gray. Avison Young’s Michael Leff and Jedd Nero represented the law firm, Haley Guiliano, while a team from Newmark Knight Frank represented the landlord, JEMB.
Madison Realty Capital
July 24, 2017
by Mark Maurer
Madison Realty Capital provided an $88 million construction financing loan to the developers of Cascade, a seven-building condo complex in Bed-Stuy, Brooklyn. The funds will allow the development team of Empire State Management, Abraham Brach and Nachman Leibowitz to proceed with construction on the property at the old Cascade Linen factory site.
Avison Young
July 24, 2017
by Rebecca Baird-Remba
Breather, a provider of on-demand work space, has signed three separate leases at office towers in Midtown, Soho and the Financial District. An Avison Young team represented the landlord, Thor, in the 2,979 SF, five-year lease at 494 Broadway in Soho.
Simone Development Companies
July 21, 2017
by Akiko Matsuda
Simone Development Companies has acquired the former Jeraci Foods property in the Fairview Corporate Park for $5.45 million. The Italian food distributor sold its business to U.S. foods, though ownership of the 35,000 SF warehouse/office building at 90 Fairview Park Drive stayed with the family-owned business. Plans for the property have not yet been announced.
Rutenberg NYC
July 21, 2017
by Holly Dutton
“With everything that’s going on with Streeteasy and REBNY, and Nestio – everything is so confusing, and I believe there is a personal touch that is just as important as technology. You want that in a company,” says Rutenberg NYC president Stefani Berkin, who talks with Real Estate Weekly about the increasing popularity of the real estate industry for younger professionals.
Simone Development Companies
July 21, 2017
by Ariela Moraru
Simone Development Cos. has acquired Prospect Plaza in Hackensack, NJ, a 62,000 SF medical office building, in a transaction that marks the company’s foray into the NJ market. Simone Development plans for an extensive upgrade to Prospect Plaza, which is currently 52% occupied. The three-story property is home to mostly medical tenants.
Rutenberg NYC
July 2017
by E.B. Solomont
Stefani Berkin, president of Rutenberg NYC, is quoted in a story about commissions in The Real Deal.
Avison Young
July 20, 2017
by Phil Hall
According to a recent report from Avison Young, it was lease renewals, rather than new lease deals, that fueled Fairfield County’s office market during the first and second quarters of 2017. Avison Young reported a 9.5 percent decline in leasing activity during Q2 2017, compared with the first three months of this year. Avison Young notes that Fairfield County has one of the highest vacancy rates int he country for office space, and it’s clear that the market and user needs have changed.
Rutenberg NYC
July 19, 2017
Tatiana Calvo, an agent with Rutenberg NYC, negotiated a higher-than-asking-price sale for a 2BR, 2BA apartment in Windsor Terrace. Originally listed for $1.199m, the spacious apartment with a terrace wound up selling for $1.249 million. Andrea Weksler of Douglas Elliman represented the buyer.