The following is a selection of media placements for Great Ink clients and a summary of each.
Avison Young
January 19, 2017
by Steve Adams
In Fairfield County, financial companies are downsizing office space, an asset class that has been struggling to attain post-recession rent growth. Sean Cahill, managing director of Avison Young’s Fairfield/Westchester County office predicts an increase in financial services employment locally, as it’s an obvious market to grow your business versus the cost in NYC.
Newmark Holdings
January 18, 2017
by Liam LaGuerre
Since the recession, Class B buildings in NYC have seen a rise in asking rents. Today, Class A space only carries a 30 percent premium to Class B space. This narrowing can be due to the increase in TAMI tenants that have flocked to Midtown South’s lower rents and loft spaces, which are easier to afford or a better fit for their business. Brian Steinwurtzel of Newmark Holdings notes that the landlord is making Class A upgrades to its Class B buildings to keep up with demand.
Callahan Capital Partners
January 17, 2017
by Steve Cuozzo
Media giants Twenty-First Century Fox and News Corp. have confirmed plans to keep and expand its HQs at 1211 Sixth Avenue, owned by Ivanhoé Cambridge and Callahan Capital Properties. The media companies recently signed renewal and expansion leases for more than 1.2 million square feet. Mary Ann Tighe, Ken Rapp and Christopher Mansfield of CBRE represented the tenants, while Cushman & Wakefield’s Josh Kuriloff, Mitch Arkin and Ethan Silverstein repped the ownership
Madison Realty Capital
January 16, 2017
by Dan Geiger and Joe Anuta
Despite a “lackluster” 2016, there are still plenty of ways to buy, sell, build and borrow your way to big bucks, says Crain’s New York Business. A lack of financing opens the door for alternative financing, such as specialty loans, according to Josh Zegen of Madison Realty Capital.
Hodges Ward Elliott
January 11, 2017
by Ethan Rothstein
The hotel market in NYC is set for a comeback, says Bisnow. This is due in part to stricter regulations about Airbnb and other home-sharing sites and strong NYC tourism. Hodges Ward Elliot director Jay Morrow notes that some developers may even change their hotel plans to residential or office, which would help benefit existing hoteliers and stem the tide.
Avison Young
January 10, 2017
by Lisa Brown
Department store J.C. Penney has sold its corporate headquarters in Plano, TX for $353 million to Dreien Opportunity Partners, LLC. It will lease back about 65 percent of the property, leaving the remaining square footage for new tenants. Avison Young’s New York-based structured finance team arranged the debt and equity transaction for the seller, a partnership headed by investor Sam Ware.
EW Howell Construction Group
January 9, 2017
by Diane Daniels
EW Howell Construction Group has promoted Jack Hagen to vice president of the education division, while Daniel Navarro has risen to project executive in the division.
Avison Young
January 9, 2017
by Kevin Zimmerman
Avison Young’s Fairfield/Westchester office announces the $4.16m sale of 1835 Post Road in East Westport, Conn. by Green Farm Associates LLC. The deal is the third recent acquisition for Avison Young on behalf of Blackshaw, which appointed AY property manager for the 10,713 SF property.
Ted Moudis Associates
January 6, 2017
by Liam LaGuerre
The Commercial Observer’s weekly column, The Plan, takes a look at NASCAR’s new New York office, designed by Ted Moudis Associates. The racing organization moved into nearly 15,000 SF at 590 Madison, and the space is heavily branded to reflect components of the automotive and racing nature of the business.