The following is a selection of media placements for Great Ink clients and a summary of each.
Client
Vessel
Date
October 18, 2022
Demand for Prefabricated Apartments Climbs as Costs Balloon for Multifamily Development
By Rebecca Picciotto
summary
An article in the Wall Street Journal talks about the rising construction rates of prefabricated homes, which offer an alternative to traditional multifamily, where the construction process has slowed because of rising costs and supply-chain delays. It explores a prototype being built by Vessel Technologies Inc., a prefabricated-housing startup, in New London, Conn, after a successful site launch in Trenton, NJ, which responded to the community’s widespread housing shortage. Vessel notes that the New London site is expected to take eight months, versus the two years that is required for a traditional building strategy.
Client
FirstService Residential
Date
October 18, 2022
FirstService Residential Names VP for NYC Condos and Co-ops
By Paul Bubny
summary
David Von Hollweg has risen to to vice president in FirstService Residential’s NYC Condo/Co-op Division. He executive oversight of a management portfolio comprising roughly 4,000 condos, co-ops, condops, and a team of dedicated property managers and assistants who specialize in the management of high-end residential buildings in New York City.
Client
Ariel Property Advisors
Date
October 17, 2022
Manhattan Multifamily Sales Volume Continues to Increase as Possible Inflation Hedge
By Mark Hallum
summary
Data from Ariel Property Advisors was cited in a Commercial Observer article about multifamily building sales in New York City. According to Ariel, the dollar volume of multifamily transactions was up 37 percent annually in the third quarter, and the average dollar volume was also 71 percent above the five-year quarterly average of $2.085 billion. Shimon Shkury, president and founder of Ariel Property Advisors, discusses the findings.
Client
Standard Real Estate Investments
Date
October 17, 2022
Mega Northeast D.C. development site sold, 1,500 residential units planned
By Tristan Navera
summary
Tristan Navera of the Washington Business Journal reports on a recent transaction. Standard Real Estate Investments LP has acquired the 13-acre site in Northeast D.C. known as Northeast Heights, which includes the Senator Square and East River Park shopping centers about a third of a mile from the Minnesota Avenue Metro station. Standard will carry out a previously entitled mixed-use redevelopment featuring approximately 1,500 residential units and 120,000 square feet of retail. About 300 units would be affordable, developed with NHT Communities.
Client
FirstService Residential
Date
October 13, 2022
Outer Boroughs Multifamily Update
summary
Marc Kotler, senior vice president of FirstService Residential New York’s New Development Group joins Jeffrey Simpson, Arch Street and Jed Resnick, CEO of Douglaston Development on Connect CRE’s multifamily update webinar. Topics discussed include investing and development in the post-421a environment, hybrid work and its impact, and other main issues.
Client
Aeromine
Date
October 13, 2022
These mini wind turbines are designed for rooftops
By Adele Peters
summary
Fast Company’s Adele Peters talks with Aeromine CEO David Asarnow about the firm’s launch and current installation projects with companies like BASF. Asarnow points out how the Aeromine units’ technology helps to mitigate some of the previous issues had by wind power systems.
Client
Hodges Ward Elliott
Date
October 13, 2022
HWE Arranges Sale of Largest Hotel in Greenwich, CT
By Paul Bubny
summary
Hodges Ward Elliott has arranged the sale of Hyatt Regency Greenwich, a 373-key, four-story hotel located in Old Greenwich, CT. The hotel resides on a 14-acre site adjacent to I-95 in Fairfield County. It’s the largest (per key count) and only branded full-service hotel in the Greenwich area. The buyer, an investment fund managed by Honolulu based Trinity Fund Advisors LLC, an affiliate of Trinity Real Estate Investments LLC, is planning a renovation of the hotel.
Client
Simone Development Companies
Date
October 13, 2022
Inaugural Honor Presented to His Family and the NY Yankees for Commitment to Community, Economic Development, Philanthropy and Leadership
summary
The New Bronx Chamber of Commerce held the 2022 Gala “Celebrating Our Members” recently at the Marina Del Rey in The Bronx, honoring founding members Joseph Kelleher of Simone Development, among others. In recognition of his tireless work in support of NBCoC, an award was created this year in Joe Kelleher’s name that will be presented annually to an individual or organization that exemplifies his commitment to community, economic development, philanthropy, and leadership. Mr. Kelleher is the President of Simone Metro Properties and has served as the Chairman of the Bronx Chamber of Commerce’s Board of Directors since 2008.
Client
Castle Lanterra Properties
Date
October 11, 2022
Castle Lanterra Commercial’s Orlando Office Acquisiton Adds to Florida Portfolio
By Lisa McDuffie
summary
Castle Lanterra Commercial has acquired the University Corporate Center I, a Class A office building at 3501 Quadrangle Boulevard in Orlando, FL. The transaction marks Castle Lanterra’s second office acquisition in FL in recent weeks. The 129,087-square-foot property has been owned and managed by the Opus Group since being developed in 1999. The multi-tenant asset is LEED certified and has had substantial capital improvements made since 2019.