The following is a selection of media placements for Great Ink clients and a summary of each.
Client
CBRE Fairfield/Westchester
Date
May 31, 2017
Japanese banking giant Sumitomo Mitsui expands in White Plains
by Akiko Matsuda
summary
Sumitomo Mitsui Banking Corporation, a Tokyo-headquartered baking and financial services company, has signed a 13-year lease for 101,000 s/f at 1 North Lexington Avenue. Also known as Gateway, the building is a five-minute walk from the White Plains train station. The bank’s lease brings the occupancy rate at the 532,336 s/f property to 96%. William Cuddy of CBRE’s Stamford/Fairfield office negotiated on behalf of the owner, Gateway One Group, Inc
Client
CBRE Fairfield/Westchester
Date
May 31, 2017
Nigro buys Wilton Square shopping center for $49.3M
by Eric Anderson
summary
Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s National Retail Partners brokered the sale of Wilton Square to Nigro Companies for $49.3 million. The center, formerly owned by Retail Properties of America, counts Home Depot, Barnes & Noble and Target as tenants. The 438,097 s/f shopping center is on the major retail corridor of Route 50.
Client
Simone Development Companies
Date
May 31, 2017
Boyce Thompson Center Reborn as Bustling Mixed-Use Hub
by Paul Adler
summary
Westchester Magazine takes a look at the Boyce Thompson Center, a property in Yonkers that was vacant for four decades. Simone Development led a $35 million renovation for the 85,000 s/f complex, which opened on May 23 as a retail, banking, and medical hub.
Client
Simone Development Companies
Date
May 31, 2017
Recent Commercial Real Estate Transactions
by Rosalie Radomsky
summary
The New Jewish Home, a nonprofit geriatric health and rehab system, has signed a 20-year lease at Simone Development’s Hutchinson Metro Center in Pelham Bay, Bronx. The 49,739 s/f lease is on the first and second floors of the three-story, mixed-use office property. New Jewish Home will combine two of its adult day programs that are currently split between Mamaroneck and Kingsbridge section of the Bronx, and use some of the space for office work.
Client
Rubenstein Partners, L.P.
Date
May 26, 2017
Middle Market Digest: The Northeast
by Steve Lubetkin
summary
Rubenstein Partners and Heritage Equity Partners have announced that Lee & Associates will market 25 Kent Avenue, its 500,000 s/f mixed-use commercial property under construction in Williamsburg. The site will bring more than 60,000 s/f of retail space to the area.
Client
Madison Realty Capital
Date
May 25, 2017
Changing of the Guard: CMBS industry embraces rising generation
by Sondra Campanelli
summary
Josh Zegen, managing principal and co-founder of Madison Realty Capital weighs in on the changing demographic in the CMBS market. This will occur as the members of the “old guard” leave the industry, showing that succession is a big issue for many CRE managers.
Client
Halstead Brooklyn
Date
May 24, 2017
This limestone Bay Ridge townhouse is a symphony of oak floors, stained glass, and other historic details
by Virginia K. Smith
summary
This Halstead Brooklyn listing is the Townhouse Pick of the Week. The four-bedroom, two-bathroom townhome is asking 41.575 million, and retains many of its original details, such as six-foot windows, oak fluted columns, oak paneled room divider, a marble fireplace and a staircase framed by skylights. The main level includes a formal dining room, and a deck leads out to the private backyard.
Client
Avison Young
Date
May 24, 2017
Producer of ‘Rogue One’ Trailer Moving to Midtown
by Liam LaGuerre
summary
Avison Young announced that Giaronomo Productions, a leading movie advertising and trailer production company, has signed a new long-term, 7,620-square-foot lease at 1501 Broadway, also known as the Paramount Building. The firm has worked on trailers for movies such as The Martian, Rogue One: A Star Wars Story, and Snowden. It will occupy a portion of the seventh floor of the 800,000 s/f building, relocating from 665 Broadway later this summer.
Client
Avison Young
Date
May 23, 2017
Can NYC possibly fill 24 million square feet of new office space?
by Lois Weiss
summary
Though job growth in New York City is steady, is it possible that it will fill the 24 million s/f of new office space set to come to market over the next five years? More high tech space is coming to market, and older properties are going to be renovated to keep up with demand. Arthur Mirante, tristate president of Avison Young notes that concessions are creeping up to keep tenants in-place.