The following is a selection of media placements for Great Ink clients and a summary of each.
Savitt Partners
July 12, 2016
by Lois Weiss
Unknwn, an urban-wear store launched by LeBron James, has taken office and showroom space at Savitt Partners’ Space 530, a private co-working space at 530 Seventh Avenue in the Garment Center. Unknwn carries urban and sports brands from Nike to Bathing Ape, Comme des Garcons and even its own label. Space 530 has become a buyers’ hub for its e-commerce and retail.
Pembrook Capital Management LLC
July 11, 2016
by Danielle Balbi
Stuart Boesky, founder of Pembrook Capital Management, sits with Commercial Observer’s Danielle Balbi for a Q&A about his start in the industry, the fund management firm’s push into financing affordable housing and a bit about the multifamily development in his hometown of Detroit, Michigan.
Jonathan Rose Companies
July 11, 2016
by Michele Lerner
In a JV between Jonathan Rose Companies, Somerset Development Company and New Community Partners, Washington D.C. is getting a new, 96-unit affordable-housing high-rise called Portner Flats, with 15,000 SF of retail space facing U Street. The development partnership realized the need to preserve affordable housing during gentrification of the area, and this project was a unique opportunity to maintain the neighborhood’s diversity. Construction begins this month, and leasing will commence in January 2018.
RADCO Companies
July 11, 2016
by Jennifer LeClaire
RADCO Cos. has purchased its seventh multifamily asset of 2016. The Oak Pointe in Charlotte, NC – the firm’s first in the state – was sold to RADCO for $24 million, and will be renamed Magnolia Terrace. About $3.2 million will be invested into the 264-unit complex for capital improvements.
Halstead Property
July 9, 2016
by Leslie Albrecht
Halstead Property will open a 2,800 SF branch office at 160 Seventh Avenue this fall, its fourth location in the Park Slope neighborhood of Brooklyn, NY. The space was formerly occupied by restaurant Tutta Pasta. This is the third former restaurant space to welcome brokerage firms this year.
Rubenstein Partners, L.P.
July 8, 2016
by Darrell Simmons
Rubenstein Partners, L.P., together with its partner Onyx Equities, has sold 30 Montgomery Street in Jersey City, N.J., a 15-story, 320,000-square-foot office building for $101M. The asset is in a prime location just a block from the waterfront and the Exchange Place PATH station. The sale follows a $20 million capital improvement plan by Rubenstein and Onyx, commenced in 2014 and completed late last year. Cushman & Wakefield marketed the property on behalf of the owners.
Kamber Managment Company
July 7, 2016
Steve Levy, CEO of Kamber Management Company, a 75-year-old family-owned investor, owner and operator of commercial and retail real estate, is profiled in Real Estate Weekly. One of his first major deals at the company was the sale of 620 Sixth Avenue to Tishman Speyer. Kamber acquired Tower 45 (120 W. 45th Street) in Fall 2015, and Levy is overseeing the repositioning and restoring of the property’s entrance, façade, lobby and elevator cabs. Some tenants include Procter and Gamble and Shrodinger and the retail space is occupied by the popular Bobby Van’s Steakhouse and Grill. In addition to real estate, Levy has an active role at the UJA-Federation of New York, the Henry Kaufmann Campgrounds, and the Greenwich Jewish Federation.
Thornton Tomasetti
July 6, 2016
Aine Brazil, vice chairman at Thornton Tomasetti, the international engineering firm, has recieved the Homer Gage Balcom award from the ASCE Metropolitan Section at its annual dinner this month. The award is presented to individuals who have demonstrated a lifetime of achievement int he structural engineering of buildings, along with a commitment to the advancement of the engineering discipline.
Madison Realty Capital
July 5, 2016
Rich Bockmann
Madison Realty Capital brings Arel Capital in as partner on $136M deal on Saxon Hall in Rego Park. It is noted as the largest ever transaction in the central Queens neighborhood, and Madison’s first acquisition in the submarket. The 503,000 SF building at 62-60 99th Street has 419 residential units, more than 3,800 SF of commercial space, and 200 parking spaces.