The following is a selection of media placements for Great Ink clients and a summary of each.
Client
Pembrook Capital Management
Date
November 2020
Multifamily sector beating the odds
By Georgia Kromrei
summary
Stuart Boesky, chief executive officer of New York-based investment firm Pembrook Capital Management, is quoted in The Real Deal. The article focuses on the steadiness of the multifamily market, specifically rent collection and occupancy, despite the COVID-19 pandemic.
Client
Turnbridge Equities
Date
November 17, 2020
Turnbridge nears completion on former Ballantine Brewery $10M capital improvement
By Linda Lindner
summary
Turnbridge Equities is nearing completion on the $10 million capital improvement program on the former Ballantine Brewery in Newark at 425 East Ferry Street. Turnbridge acquired the property in 2019 in a joint venture for $61 million and rebranded the site as the Ballantine Industrial Center. The property now features over a million square feet of industrial space. The new Ballantine Industrial Center has already proven successful from a leasing standpoint as 60,000 square feet of new leases were announced in September for the property, bringing 2020 leasing to a whopping 450,000 square feet. A true accomplishment as most of the deals have closed during the pandemic.
Client
Avison Young
Date
November 17, 2020
Printing equipment maker inks 34,000 sq. ft. lease, moves headquarters to Parsippany
By Joshua Burd
summary
Bobst, a global printing equipment company, has moved its North American HQ to 10 Waterview Blvd. in Parsippany, NJ where it’s leasing nearly 35,000-SF as part of a newly announced transaction by Avison Young. Bobst occupies the first floor of the three-story, 211,879 square-foot building just west of Route 202, which has benefited from recent upgrades. Jeff Heller of Avison Young
represented the landlord, Waterview Investors LLC, alongside Senior Vice President Steven Geltzeiler. Bobst is one of the world’s leading suppliers of substrate processing, printing and converting equipment and services for the label, flexible packaging, folding carton and corrugated industries.
Client
Marx Realty
Date
November 13, 2020
545 Madison Gets a Midcentury Modern Update
By Rebecca Baird-Remba
summary
The Commercial Observer takes us inside the midcentury modern renovation of 545 Madison Avenue, a 1950s tower that was Marx Realty took ownership of last year. Bringing in rounded edges to arches and furniture, textures and materials like velvet, bronze and walnut wood, Marx Realty CEO Craig Deitelzweig says, “makes everyone feel safe and like they’re cocooned…We want everyone to feel like they’re in a hotel.” 20,000-SF of prebuilt office suites are available on the third and 14th floors, and the 10th floor is also up for lease. Construction is expected to wrap up in Q1 of 2021.
Client
Waterton
Date
November 12, 2020
Waterton Pays $130.3Mln for Suburban Boston Apartment Property
summary
Waterton has acquired the Rosemont Square apartment property in Randolph, Mass. for $130.3 million. The Chicago investment manager bought the complex from LivCor, a Blackstone Group affiliate that had purchased it in 2015 for $84.8 million from The Praedium Group of New York. Rosemont Square, at 2 Chestnut West, was constructed in phases between 1982 and 2012. The 20- building property has a mix of one- and two-bedroom units with stainless-steel appliances, washers and dryers and patios or balconies. It also has a fitness center, swimming pool, playground and grilling area. Waterton plans on upgrading some of the units as well as the property’s common areas and amenity package. The property is Waterton’s first apartment investment ever in the Boston area. The company, owns three hotels in the Boston suburbs: the 202-room Courtyard in Marlborough, Mass.; the 223-room DoubleTree in Westborough, Mass.; and the 247-room Sheraton in Needham, Mass.
Client
Allrise Capital
Date
November 10, 2020
Allrise Capital Acquires Mixed-Use Portfolio in San Francisco & Berkeley with $500MM Developable Value
summary
Allrise Capital has gained full control of a portfolio of mixed-use real estate properties and sites in San Francisco and Berkeley through the acquisition of its minority partner’s interest. The global investor now has 100 percent ownership of six development projects with a combined developable value of over $500 million. Among the portfolio assets are 598 Bryant Street, 650 Harrison Street and 1394 Harrison Street in San Francisco; as well as 1835 San Pablo Avenue, 2198 San Pablo Avenue, and the pending purchase of 2136 San Pablo Avenue in Berkeley, CA.
Client
Waterton
Date
November 6, 2020
MHN Announces 2020 Excellence Award Winners
summary
Multi-Housing News named the winners of the MHN 2020 Excellence Awards. The annual recognition of the multifamily industry’s top projects, transactions and people was held in an online format for the first time in its 14-year tenure. Waterton’s Citizen at Shirlington Village won the Best Value-Add Renovation.
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Client
Thornton Tomasetti
Date
November 5, 2020
Thornton Tomasetti releases 'Healthy Reentry' free software to aid safe office return
summary
Thornton Tomasetti has open sourced its proprietary Healthy Reentry application for health monitoring and contract tracing. Designed to facilitate the safe return of employees to the workplace, the web-based solution can be customized to meet the needs of large and small companies while protecting the privacy of staff. Healthy Reentry enables employees to record their health status as it relates to COVID-19 before returning to a shared work environment. The simple, secure user interface is scalable for organizations of any size and is compliant with HIPAA, GDPR and other workplace privacy laws. HR app was developed by Thornton Tomasetti’s CORE studio to speed the safe return of the firm’s employees in more than 50 offices around the world.
Client
Simone Development Companies
Date
November 4, 2020
Healthcare’s Shifting Operational Standards
By Ingrid Tunberg
summary
GlobeSt talks with Simone Development Companies about how the healthcare industry’s shifting ideals are currently affecting hospital construction, and the ways that the commercial real estate industry is affected.