The following is a selection of media placements for Great Ink clients and a summary of each.
October 24, 2023
By Danny Ecker
Waterton, a Chicago-based investment firm, acquired the 346-unit Alta Grand Central apartment complex at 221 W. Harrison St. from a joint venture of Chicago-based D2 Realty and Atlanta-based Wood Partners. As of midway through the year, Waterton’s nationwide portfolio totaled about $10.8 billion in real estate assets. Newmark brokers Liz Gagliardi and Chuck Johanns marketed the Alta Grand Central property for sale on behalf of D2 Realty and Wood Partners.
By Jason Carmello, senior principal + Gabe Braselton, principal, Populous
As architects design sports and entertainment venues for the future, it’s important to consider how seating plays a role in the fan experience. Sports fans and concertgoers continue to expect a more personalized entertainment experience, so the goal in any new project is to make sure that every seat, in some way, has a unique feature that sets it apart and draws fans in. In the September/October issue of International Association of Venue Managers’ Venue Professional, Populous Senior Principal Jason Carmello and Principal Gabe Braselton share a few trends they anticipate will usher in the next era of seating experiences. Read more.
October 23, 2023
By Olivia Lueckemeyer
As the first crop of commercial foreclosures hits the market, a niche group of mortgage service professionals who make sure delinquent and foreclosed buildings don’t become neglected and fall into disrepair are on high alert. Craig Torrance, CEO of property preservation firm MCS, talks with Bisnow.
October 23, 2023
By Keith Loria
Furniture manufacturer OFS has signed an 11-year, 7,114-SF showroom lease on the fourth floor at Marx Realty’s The Herald, the restored former home of the Washington Herald Examiner in Washington, D.C. Marx acquired the 114,000-square-foot historic building in 2020 for $41 million. Herald tenants have access to the “Marx Mobile,” a 2023 Tesla Y that serves as The Herald’s house car. OFS was represented by Michael Shipley of CBRE while Marx Realty was represented by Will Stern, Lauryn Harris and Eli Barnes of Avison Young.
October 20, 2023
By Joshua Chaffin
The Financial Times profiles Jonathan Mechanic, chairman of the real estate department at Fried, Frank, Harris, Shriver & Jacobson. One of the most influential figures in New York City real estate, Mechanic has negotiated real estate deals for clients such as The Related Companies, SL Green Realty Corp., and Morgan Stanley and more. Read here.
October 19, 2023
By Justin Shaw
Populous is serving as lead architect and will carry out exterior and interior architecture and design, landscape design and experiential branding for a new paddock, visitors’ center and operations building at the historic and iconic Keeneland in Lexington, KY. The new paddock building will expand viewing and dining experiences, enhance hospitality during Keeneland’s Thoroughbred auctions and provide new venues for special events year-round. The saddling stalls will also be repositioned, providing the safest environment possible for equine and human participants. The new structures will be consistent with the existing clubhouse and grandstand and feature the two-over-two pattern of stonework unique to Keeneland. The new venue will feature a variety of ticketed experiences available to the public, including food and beverage, a panoramic rooftop and more. A new Jockeys Quarters will be within the building, providing fans a unique experience in which jockeys will walk directly through the venue before each race.
October 19, 2023
By Hanna Snyder Gambini
Vessel Technologies has purchased a plot of vacant land in Cheshire for a planned 70-unit multifamily apartment building.The planned five-story building will contain 66 one-bedroom units and four two-bedroom apartments on property off Route 10 that was previously zoned as industrial. Vessel follows a set formula when designing its buildings, using similar architecture and engineering to quickly and efficiently build “attainable” units geared toward middle-income residents who don’t qualify for subsidized housing but for whom luxury or even market-rate rents are out of reach.
October 19, 2023
By Jeff Andrews
An article in The Real Deal on sidewalk sheds discusses Mayor Adams’ initiative, Get Sheds Down, which aims to shrink the number of sidewalk sheds across the city. Staying up for an average of 500 days, Get Sheds Down would shorten permits to 90 days and increase fines for extended timelines. Stuart Saft, at Holland & Knight, mentions that work rarely can be completed in 90 days, especially on older buildings or longer projects that may take years. Saft says jobs will end up costing infinitely more because of fees and mandates from the city.
October 16, 2023
By Leslie Shaver
Multifamily Dive spoke to property management and facilities executives to get their take on the most important steps for winter preparation. Jonathan Bove, an executive vice president at Landmark Properties, a developer, owner, and operator of student housing, noted that the vast majority of its residents are living on their own for the first time, so it’s necessary to take the time to remind them not to leave their windows open when they leave for winter breaks.