The following is a selection of media placements for Great Ink clients and a summary of each.
Thornton Tomasetti
May 24, 2024
By Beth Mattson-Teig
Extreme weather events, rising insurance costs, and an increased focus on climate resiliency as a part of ESG initiatives are driving action to “harden assets” – taking measures to reduce impact from wind, flooding, fire, and extreme heat. Julie Pietrzak, P.E., ENV SP, CFM, a principal and Sustainability & Resilience Practice Leader at Thornton Tomasetti, notes that, while owners are focusing first on those properties in higher-risk geographies, major events are expanding well beyond the typical coastal hurricane regions. “Cloudburst events” can lead to flooding; these events are soliciting a reactive response from property owners who now are concerned about flooding. According to Pietrzak, preventative measures typically include barriers around the facade itself and around the building envelope to keep water out of the building. Read more about “hardening assets” here.
JT Magen
May 2024
By Orion Jones
The May 2024 issue of [tag The Real Deal] ranks New York City’s top general contractors of 2023. An article in the issue details the industry’s challenges last year and how that has influenced what we can expect in 2024. Maurice Regan, founder and CEO of JT Magen, contributes expert commentary to the story. He shares insight into turnaround time, noting “lead times for materials remain two to three times longer than before the pandemic,” sharing that JT Magen has created a special division to ensure a smooth supply chain for its projects. He also touches on the trials facing the office market, where work has not been as voluminous as it was pre-pandemic. Regan said the firm is expanding into other sectors, such as studio/production, and is looking at data centers, where there is “a virtually unlimited amount of data center work available as a result of the burgeoning artificial intelligence industry.” Read the full story here.
Thornton Tomasetti
May-June 2024
Rachel Michelin, AIA, LEED AP BD+C, principal and co-office director at Thornton Tomasetti
An article in Retrofit’s May-June issue takes a look at the Block & Kuhl Department Store in Peoria, Illinois. Known locally as The Big White Store for its gleaming white terra-cotta cladding and seven-story height, the building was the first steel-framed structure in the city. Rachel Michelin, AIA, LEED AP BD+C, a principal and co-office director at Thornton Tomasetti, authors a project feature on the building’s recent repositioning and new life as an office space for The Order of St. Francis HealthCare Ministry. To effectively upgrade the buildings, the design team of Dewberry, JLK Architects and Thornton Tomasetti was challenged with evaluating the original terra cotta that remained while improving the exterior envelope performance. Additionally, the original materials were gone from the spandrel areas—ripped out during prior renovations—resulting in the need for replication of the 120-year-old designs with modern technologies. Read the full story here.
MCS
May 15, 2024
By Eric C. Peck
MCS has announced the launch of a new Government Services business line, bringing the company’s core strengths of exterior and interior facilities maintenance services to U.S. federal agency properties nationwide. The new Government Services business line will be led by MCS SVPs John Haederle and Shawn Schumacher, both with extensive backgrounds in federal contracting services. For nearly four decades MCS has been delivering maintenance, property preservation and inspection services to residential and commercial properties. With the launch of its new Government Services business, MCS brings its suite of exterior and interior maintenance services to federal government properties, including administrative buildings, military bases, research facilities, national parks and housing, among others, for agencies such as the Department of Defense, Veterans Administration, Department of the Interior, and the USDA. Read the full story.
Landmark Properties
May 15, 2024
by Chris Borland
Landmark Properties, one of the biggest players in the American student housing space, has expanded to the UK and Ireland with the hiring of Tom Banning to lead operations. Read the full story here.
Ariel Property Advisors
May 16, 2024
GlobeSt analyzes Ariel Property Partners’ Q1 All Asset report, which covers all NYC investment sales for the first quarter. New York City recorded over $2.9 billion in commercial real estate property sales in the first quarter – a 42% drop compared to the first quarter of 2023 and 43% decline compared to the previous quarter, according to Ariel Property Advisors. Transaction volume for the period totaled 392, which represented a 26% year-over-year decline and no change quarter-over-quarter. Read the full story here.
Rubenstein Partners
May 14, 2024
By Benjamin Bergeron
Rubenstein Partners and Vision Real Estate Partners have secured a long-term lease with Regeneron Pharmaceuticals at the Warren Corporate Center in Warren, New Jersey. Regeneron will occupy 126,678 square feet of office space, bringing the campus to over 95% occupancy. The campus features 820,000 square feet across five buildings, surrounded by walking trails and landscaped areas. Teams from Cushman &Wakefield represented building ownership and the tenant. Full story here.
Marx Realty, Savanna, Fried Frank, Sterling Equities, Ariel Property Partners
May 14, 2024
Commercial Observer has released its 2024 Power 100, the magazine’s annual list of New York real estate’s top players. Featured are Gregory Katz, Todd Katz and Scott Wilpon, partners at Sterling Equities; Craig Deitelzweig, CEO and president of Marx Realty; Christopher Schlank, CEO and co-chairman and Nicholas Bienstock, co-chairman at Savanna; Shimon Shkury, president and founder of Ariel Property Advisors; and Jonathan Mechanic, chairman of the real estate department at Fried Frank Harris Shriver & Jacobson. See the full Power 100 list here.
Marcus & Millichap
May 2024
By Channing Hamilton
Todd McNeil, executive managing director of capital markets at Institutional Property Advisors, a division of Marcus & Millchap contributes expert commentary to an article on adaptive reuse in Northeast Multifamily & Affordable Housing Business. The story spotlights The Harlow, a property in Oklahoma City he represented. Read the full article here.