The following is a selection of media placements for Great Ink clients and a summary of each.
Client
Avison Young
Date
November 30, 2020
Rybak closes on site for planned Upper East Side high-rise
By Eddie Small
summary
Rybak Development has closed on its $26 million purchase of an Upper East Side development site at 126 East 86th Street, where it plans to build a mixed-use high-rise property. Rybak filed plans with the Department of Buildings earlier this month to construct a 20-story project with 32 residential units at the address. Avison Young’s tristate investment sales group represented the seller in the deal and was also able to help Rybak secure additional air rights from a nearby property.
Client
Fried, Frank, Harris, Shriver & Jacobson
Date
November 30, 2020
'Tis Not The Season: CRE Laments Loss Of Holiday Party Circuit
By Miriam Hall
summary
Bisnow highlights the ways NYC’s real estate executives are connecting this holiday season as major annual events, such as the
Fried Frank Real Estate party, have been cancelled this year.
Client
Fried, Frank, Harris, Shriver & Jacobson
Date
November 2020
Law in order: Ranking New York’s legal power players
By Rich Bockmann
summary
The Real Deal ranks new York’s legal power players in its November issue. The leading law firms comment on property sales and debt deals in the year of COVID. On the sales front, perennial powerhouse Fried, Frank, Harris, Shriver & Jacobson took the top spot again this year with a total of $2.67 billion in buyer-side sales. On debt deals, Fried Frank also came in first on this year’s ranking with a total of $2.55 billion in lender-side mortgages.
Client
Thornton Tomasetti
Date
November 25, 2020
U.S. engineering firms ride on waves of innovation
By John Caulfield
summary
A Building Design + Construction article focuses on recent innovations by several engineering firms. Thornton Tomasetti’s launch of Beacon, an embodied carbon measurement tool that allows structural engineers to understand and manage embodied carbon optimization, is highlighted.
Client
Pembrook Capital Management, The Praedium Group
Date
November 2020
Follow the renter: Multifamily investors pour capital into unexpected markets
By Georgia Kromrei
summary
An article in The Real Deal focuses on multifamily investors following the trend and seeking out assets in smaller markets like Memphis and Albuquerque, Detroit and Las Vegas. Stuart Boesky of Pembrook Capital Management and Russ Appel of The Praedium Group provide expert commentary for the article.
Client
Marx Realty
Date
November 20, 2020
This renovated D.C. office building will feature an old-school hands-free technology: a doorman
By Daniel J. Sernovitz
summary
Marx Realty has kicked off a $41 million renovation to the former Washington Herald Examiner building at 1307 New York Ave. NW in D.C. after acquiring it earlier in 2020. The finished product will include plenty of technology and other improvements to keep the COVID-19 virus from spreading via high-touch surfaces such as door handles or elevator buttons. But it is also turning to an older form of touch-free service many commercial real estate owners shifted away from years ago: a uniformed doorman. The Herald will be a “hospitality-infused office like no other.” The pandemic has accelerated many commercial real estate trends that were already in the works previously, including a shift toward hospitality and the need for building owners to create spaces that will stand out from the crowd.
Client
Avison Young
Date
November 19, 2020
APF Taps Avison Young to Lease Office Portfolio
summary
Avison Young was named the exclusive leasing agent for a 650,000-square-foot, three-building office portfolio in Midtown comprised of 1156 Ave. of the Americas, The Club Row Building at 28 W. 44th St. and 25 W. 45th St. The properties are owned by APF Properties. An Avison Young team led by Brooks Hauf, senior director, along with associates Cole Chartash, Peter Johnson and Dominic Perkaj, will market the leasing opportunities. Leasing availabilities at all three properties range from 1,000 to 20,000 square feet. APF recently completed a high-end, pre-built program at the properties featuring polished concrete floors, exposed ceilings and columns and black metal finishes.
Client
Fried, Frank, Harris, Shriver & Jacobson
Date
November 19, 2020
Midtown Manhattan’s Grace Building Secures $1.3B Refi
summary
Fried Frank acted as counsel to a joint venture between Brookfield Office Properties Inc. and affiliates of the Swig Co. in connection with its now-completed $1.25-billion refinancing for the Grace Building at 1114 Ave. of the Americas in Midtown Manhattan.The refi includes a $750-million, single-borrower CMBS financing originated by Bank of America, JPMorgan Chase, Column Financial and DBR Investments Co. Limited, according to Kroll Bond Rating Agency.Constructed in 1974, the 490-story Grace Building spans 1.6 million square feet and is currently 94.8% leased to 38 office tenants. The refi is being used to retire $900 million in existing debt from a 2014 securitization by Deutsche Bank. The Fried Frank team included real estate partners Joshua Mermelstein and Nathaniel Lifschitz, and real estate associates Simon J. Elkharrat, Michael A. Turo and Kaitlin A. Gottlieb.
Client
Thornton Tomasetti
Date
November 18, 2020
Machine Learning Takes a Crack at Facade Inspection
By Jeff Rubenstone
summary
After two years of development in Thornton Tomasetti’s CORE lab, the firm has launched T2D2, a computer-vision, machine-learning algorithm that can identify damage to building exteriors in photos or video. Not intended to replace the difficult work of facade inspections, T2D2 is instead seen as tool to find hidden damage that might go unnoticed, and speed along a tedious, difficult process.