The following is a selection of media placements for Great Ink clients and a summary of each.
Avison Young
July 19, 2017
Avison Young announces the signing of a long-term, 4,800 SF lease for Connecticut Legal Services at 1000 Lafayette Boulevard. Additionally, the law firm of Zeldes Needle Cooper P.C., a 30-year tenant at the property, has relocated to nearly 16,000 SF in a newly built space on the seventh floor. Avison Young’s Sean Cahill and Lori Baker are tasked with handling the marketing and leasing of 1000 Lafayette for Shelbourne Global Solutions, LLC, the building’s owners.
Rutenberg NYC
July 19, 2017
by Holly Dutton
Real Estate Weekly takes a look at the influx of young realtors to the profession, enticed by flexible hours and modern touches that make the industry more popular, such as social media, reality TV shows, and more. Stefani Berkin, president of Rutenberg NYC, notes that the firm has expanded nearly 20 percent over the past year. She attributes the numbers to the strength of the firm and the commission split model the firm prides itself on, but she admits that there is a spotlight on the industry right now.
Avison Young
July 16, 2017
by Keiko Morris
Avison Young’s investment sales report is featured in The Wall Street Journal. Commercial real estate investment in Manhattan has increased between the first two quarters of 2017, although it dropped from 2016.
The Marketing Directors; Hodges Ward Elliott
July 2017
by Chava Gourarie
The Real Deal takes a look at the increase in shared living arrangements in New York as rent rises faster than income rates. By analyzing renter demographics, Daniel Parker of Hodges Ward Elliott noted that renters with roommates in South Williamsburg are getting more “mature,” making more money, and settled with a career. But, because of the high rents, they have roommates. Jacqueline Urgo, president of The Marketing Directors added that catering to to the share market is similar to targeting millennnials directly, since the two groups overlap. Different amenities such as roof decks and open-plan apartments that are desired by this demographic is a great idea.
Simone Healthcare Development
July 14, 2017
by Arthur Cusano
At a forum hosted by the Urban Land Institute, several prominent Bronx developers talked about the increased interest in the borough for development. Said Guy Leibler, president of Simone Healthcare Development, “There have been smart investments in developments where developers see value. I think we’re seeing an increasing job base in the the Bronx.” He also noted that housing in the Bronx has to be addressed before it could truly flourish.
Ted Moudis Associates
July 14, 2017
by John Jordan
The Ted Moudis Associates-designed Foot Locker office project in NYC was recognized by the New York Chapter of CoreNet Global with the 2017 Commercial Interior Project of the Year award.
Jonathan Rose Companies
July 13, 2017
Lauren Zullo has joined Jonathan Rose Companies as its Director of Sustainability. She will be responsible for implementing the firm’s environmental strategies in affordable and mixed-income housing.
Mack Real Estate Group
July 13, 2017
by Guelda Voien
Mack Real Estate Credit Strategies has closed a $200 million first mortgage bridge loan for 520 Fifth Avenue, a high-profile development site located at Fifth Avenue and 43rd Street in Midtown Manhattan being developed through a joint venture of Ceruzzi Holdings and Shanghai Municipal Investment USA. The news was the lead story in the most recent Commercial Observer Finance Weekly.
Halstead Property
July 13, 2017
by Emily Nonko
During the second quarter of 2017, Brooklyn set some new residential price records — the median price of any apartment increased nearly 21 percent to $795,000. The average sales price increased as well, and is now close to breaking $1 million. Halstead’s Brooklyn office tracked the record average of $1,109,602 for town home prices, coming out to $481 PSF.