The following is a selection of media placements for Great Ink clients and a summary of each.
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.
Client
Landmark Properties
Date
January 3, 2024
Landmark Properties Announces Notable Land Acquisition in Boulder and Plans for New Student Housing Community
summary
Landmark Properties, the nation’s top developer of student housing, has acquired a 15-acre site at 1345 28th Street near the University of Colorado Boulder. The firm will begin construction on The Standard at Boulder, a 936-bed student housing community, Landmark Properties’ first development of a purpose-built student housing product in the Boulder market. The project caps off approximately $700 million in year-end transactions for Landmark in 2023, adding to the company’s record year. The planned 447,000-square-foot building will include 303 student apartments to answer the growing demand for student housing within walking distance of the CU Boulder campus. Read more here.
Client
Ariel Property Advisors, Castle Lantera, Landmark Properties,
Date
January 2024
A Bright Future Ahead
By Michael Miller
summary
National Apartment Association (Naahq)’s Units magazine talks with industry experts about what we can expect in the housing sector in 2024, touching on budgets, an emphasis on ESG, sustainability, and green products, technology and the centralization of operations, and increasing rent rates. Jonathan Bove, EVP Acquisition and Management Services at Landmark Properties, Inc., Shimon Shkury, president/founder Ariel Property Advisors, and Elie Rieder, CEO and founder Castle Lanterra contribute expert insight to the article. See the full article here.
Client
Populous
Date
November/December 2023
Entertainment Districts are no longer just about sports, dining and music
By John Caulfield
summary
Populous Senior Principal / Senior Urban Planner John Shreve and Principal / Senior Urban Designer Riki Nishimura, AIA talk with John Caulfield of Building Design+Construction Media about the vitality of entertainment districts and the ways that developers and designers are providing new ways to live, work, and play there. Read the full story here.