The following is a selection of media placements for Great Ink clients and a summary of each.
Client
Castle Lanterra, Landmark Properties, RADCO Companies, Waterton
Date
January 29, 2024
Owners, Managers Continue to Navigate Escalating Operating Expenses
By Christine Serlin
summary
Multifamily Executive talks with multifamily leaders about everything from insurance initiatives to centralization, who share strategies amid rising costs. We hear insight from Castle Lanterra founder and CEO Elie Rieder; Sara Maxwell, VP of management services-operations at Landmark Properties; Chris Simon, senior vice president of operations for RADCO; and Stephanie Brock, managing partner, property management, at Waterton. Read the full story here.
Client
Ariel Property Advisors
Date
January 26, 2024
Bronx Multifamily Building Sells at an Apparent Discount for $26M
By Abigail Nehring
summary
Ariel Property Advisors announces the $26 million sale of a 17-story, 237-unit high-rise multifamily building at 1500 Noble Avenue in the Bronx. An Ariel team comprised of Victor Sozio, Shimon Shkury, Jason Gold, Daniel Mahfar, and Gabriel Elyaszadeh represented the seller in the transaction. The unit mix consists of 50 one-bedrooms, 136 two-bedrooms, and 51 three-bedrooms. Read the full story here.
Client
Ariel Property Advisors
Date
January 26, 2024
A year to forget: Brooklyn investment sales plummet
By Elizabeth Cryan
summary
Data from a report by Ariel Property Advisors is featured in The Real Deal. Focused on Brooklyn, it shows that high interest rates dealt a big blow to investment sales in 2023 compared to a record-breaking 2022, accounting for just $5.1 billion vs. $9.5 billion the year prior. Deals for multifamily properties saw the biggest drop, trading 56 percent lower in dollar volume. It was the lowest total in a decade, besides the first pandemic year, 2020. One bright spot was in the commercial sector, which saw a 60 percent increase in dollar volume and had the second-best year ever. Read more here.
Client
Thornton Tomasetti
Date
January 25, 2024
Your Next Apartment Could Be in a Stadium
By Sasha Jones
summary
The Messenger features sustainability and development experts in a discussion about the reuse of aging or defunct sports facilities, stadiums and golf courses, and ways to prolong their lives without demolition and wasting resources with new builds. Gunnar Hubbard, principal with engineering firm Thornton Tomasetti’s sustainability and resilience practice, weighs in.
Client
Ariel Property Advisors
Date
January 23, 2024
NY multifamily sales plummeted in ’23. ’24 might give a snapback
By Suzannah Cavanaugh
summary
The Real Deal analyzes Ariel Property Advisors’ 2023 Multifamily Year In Review report. See the full story.
Client
Marcus & Millichap
Date
January 23, 2024
Stalled office-to-residential conversions are a problem in D.C. But not for this developer.
By Tristan Navera
summary
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.