The following is a selection of media placements for Great Ink clients and a summary of each.
Asland Capital Partners
May 7, 2021
By Gail Kalinoski
Development of the first phase of Northeast Heights, a 258,500-square-foot mixed-use office and retail building in Washington, D.C., will begin with a $105 million loan from J.P. Morgan for the Opportunity Zone redevelopment.Cedar Realty Trust, which has been planning the project for at least a year, also announced a new joint venture with Asland Capital Partners and the Goldman Sachs Urban Investment Group.The office space is leased to the Washington, D.C., Department of General Services and will be used as the agency’s headquarters.
May 11, 2021
By Joe Bousquin
An article in Multifamily Executive focuses on the rise of proptech in the institutional apartment space over the past year, when the COVID-19 pandemic drastically accelerated the adoption of technology at apartment communities to automate, or make remote, functions that were once handled face to face. Experts from The RADCO Companies, Waterton and Castle Lanterra Properties are quoted.
RFR Realty
May 11, 2021
By Lois Weiss
RFR is in contract to buy 522 Fifth Avenue’s retail space, after picking up the office portion last fall, and will start pitching the soon-to-be-vacant Midtown tower for a single tenant. Renovation plans include turning three, huge L-shaped setbacks into planted outdoor spaces; creating a new sleek lobby along West 44th Street; and, most important in Aby Rosen’s mind, having the office tenant control the retail storefront by using it as a showcase for its own products, or for restaurants and amenity spaces for its own employees.
Savanna
May 10, 2021
By Cathy Cunningham
Savanna wrapped $264 million in construction financing for its signature office-and-retail project at 141 Willoughby Street in Downtown Brooklyn. JLL’s Aaron Niedermayer and Kellogg Gaines negotiated the financing. When completed, the much-anticipated development will feature floor-to-ceiling windows, outdoor terraces and 360-degree views. Its design also encompasses numerous health and wellness features — more important than ever in a post-COVID world— such as specific space planning to minimize occupant congestion in common areas and amenity spaces; touchless entry on elevators, lobby turnstiles and the building entrance; increased percentages of outside air pumped throughout the building and a top-notch HVAC system to circulate clean and healthy air; and antiviral and antimicrobial materials in high-traffic areas.
Asland Capital Partners
May 6, 2021
By Alex Koma
Asland Capital Partners formed a joint venture with Cedar Realty Trust and the Goldman Sachs Urban Investment Group to manage the the construction of the first phase of a redevelopment which will ultimately transform a pair of old shopping centers at the intersection of Benning Road and Minnesota Avenue in Northeast into 2 million square feet of mixed-use space.
Hudson Capital Properties
May 5, 2021
Hudson Capital Properties has completed Inspire Coastal Grand, a 194-unit active adult community in Myrtle Beach. The first phase of leasing is currently underway, with the first residents expected to move in mid-April. Hudson partnered with GHK Cape Fear Development and the property management company is Liberty Senior Living.
Rubenstein Partners
May 2, 2021
By Matthew Rothstein
A Bisnow article discusses the 28% jump in office demand, spiked by the anticipated return of tenants to the office later this year. Read Mortimer, Rubenstein Partners’ Sun Belt Regional Director and Director of Equity Capital Markets, is quoted, noting that the firm has experienced a notable increase in tours of its offices, especially in the suburbs and that a decent chunk of the touring and leasing activity so far has been from companies that were already seeking space in the months leading up to the pandemic resuming that search.
Populous
April 23, 2021
By Chava Gourarie
In this week’s Commercial Observer: Chava Gourarie caught up with Populous Senior Principal Jonathan Mallie to discuss architecture in the age of COVID, the specific projects in Mallie’s pipeline, and the way the pandemic has changed live sports.
Fried Frank
April 18, 2021
By Charles Passy
Jonathan Mechanic, chairman of the real-estate department at Fried Frank, is featured in The Wall Street Journal. The article by Charles Passy shares the “new rules” for power lunching in New York City post-pandemic.