The following is a selection of media placements for Great Ink clients and a summary of each.
Client
Marx Realty
Date
January 18, 2024
Big office deals returns — but only in NYC’s best new buildings
By Lois Weiss
summary
The New York Post reports on an increase in office leasing during Q3 2023 when the year’s largest deals were completed, with law firms leading. The article dives into the qualities tenants are looking for when leasing new space, including location and access to transportation, fresh new spaces, which has led multiple owners to reinvent buildings and districts. Craig Deitelzweig of Marx Realty noted that the company’s 545 Madison Avenue has signed a branding deal with Baccarat, and its 10 Grand Central will feature a new floor of amenities. Read the full story here.
Client
Marx Realty
Date
January 18, 2024
'Hard To Fathom': NYC Says Office Values, Even At Class-B Buildings, Rose Last Year
By Ciara Long
summary
Bisnow reports on recent findings from the NYC Department of Finance’s property tax assessment roll that determined the average office building, regardless of age, is more valuable today than it was before the pandemic. Total assessed values for office buildings are estimated to rise by 2.5% for fiscal year 2025. Craig Deitelzweig, CEO of Marx Realty, which owns office properties such as 10 Grand Central and 545 Madison, comments on the market. Read more here.
Client
Aeromine Technologies
Date
January 16, 2024
How We Solved the Home Wind Turbine Problem
by Matt Ferrell
summary
What do you think about the future of residential wind power? In Undecided by Matt Ferrell, Aeromine Technologies CEO and co-founder David Asarnow talks about the company’s latest installations and the ways the rooftop wind turbine could even someday be used in the residential sector. Watch the full video.
Client
Marx Realty
Date
January 12, 2024
How Shopping Mall Icons Are Ditching Their Dying Stores
By Sasha Jones
summary
As enclosed shopping mall foot traffic dwindles, retailers are looking for new ways to outlive their homes and explore new formats. Craig Deitelzweig, CEO of Marx Realty, which owns the Cross Country Shopping Center in New York talks about the mall environment, not the retailers, has pushed the shoppers away, and with new spaces, brands can experiment with layout and design. Deitelzweig noted that hosting events and activities on the lawns outside the shops brings customers into the center for longer. Read more here.
Client
Standard Real Estate Investments
Date
January 10, 2024
Apartments West of Chicago Sell for Over $94 Million, Boosted by Low-Interest Loan Assumption
By Ryan Ori
summary
Standard Real Estate Investments has acquired Haven on Long Grove in Aurora, IL, a Chicago suburb, for $94 million. Standard partnered with the Vistria Group to buy the 416-unit complex at 826 Terrace Lake Drive, which is 96% occupied. The complex is comprised of 248 one-and two-bedroom units and 168 townhouses with attached garages and driveways.
Client
Treeline
Date
January 9, 2024
The Grapevine
By Alison Waldman
summary
Treeline, a prominent New York-based real estate developer, owner, and investor in office, multifamily, and industrial properties has brought on Shuvam Bhaumik as Senior Vice President of Investor Relations. Bhaumik will spearhead the expansion of Treeline’s investor base and provide oversight of investor relations for Treeline’s existing investor group. Prior to joining Treeline, he served as a managing partner at SB Investment Partners | Family Office LLC.
Client
Ariel Property Advisors
Date
January 9, 2024
2023 Was One of the Stalest Years for NYC Investment Sales Thanks to Interest Rates
By Mark Hallum
summary
Commercial Observer analyzes an annual sales report by Ariel Property Advisors. New York City saw $21.6 billion in investment sales last year, a 41 percent decrease in dollar volume compared to 2022, and a 29 percent decrease year-over-year in transactions. The report notes that hotels and retail sites stayed strong as people begin to travel and shop again. Multifamily sales were cut in half year-over-year, from $15.4 billion to $7.4 billion in 2023. Read the full story here.
Client
Landmark Properties
Date
January 8, 2024
Landmark Properties Recapitalizes Flagship Student Housing
By Paul Bubny
summary
Landmark Properties has recapitalized The Mark Athens, a 1,364-bed, mixed-use property at 130 Hickory Street in Athens, GA. Serving students attending the University of Georgia, the property features student apartments as well as retail and office space. The recapitalization of The Mark contributed to the approximately $700 million in year-end closings across a series of transactions closed by Landmark in the month of December 2023.
Client
Simone Development Companies
Date
January 4, 2024
News Release: Simone Development Announces Acquisition Office Building in the Heart of the North Yonkers Medical Mile
summary
Simone Development Companies has acquired One Executive Boulevard, a 133,768-SF, four-story office building at the intersection of Executive Boulevrd and North Broadway in Yonkers, NY. Simone Development, a leader in the development of modern medical office space, has begun interior and exterior renovations to repurpose the property into a state-of-the-art medical building. One Executive Boulevard currently has roughly 50,000 square feet of medical space available for lease.