The Most Comprehensive Source for Commercial Real Estate News in the Region 

NEW YORK — Emanuel Stern, vice chairman of Hartz Mountain Industries, and Bradley Settleman, founder of Latus Partners, have formed Tall Pines Capital, a New York City-based, privately held real estate investment vehicle. The Tall Pines team also includes Scott Cohen, vice president, and maintains offices at 667 Madison Ave. Tall Pines will invest its own capital in debt, equity and principal positions in residential and commercial real estate in the New York metropolitan are

How do you contribute to your company? I have been in my current position for almost one year, and came to Advantage Engineers from an international engineering company. I contribute to Advantage through the diversity of my experiences in the civil and environmental industry, as well as my project management, client management, and operations experience. I also have technical knowledge and management experience in the fields of both environmental and geotechnical engineering,

Edison, NJ — Mack-Cali Realty Corporation announced a comprehensive three-year strategic initiative entitled 20/15 that represents a major step in the transformation of the company’s portfolio. The company’s new executive leadership, which took over operations just 100 days ago, will outline the directional shift at a meeting and webcast for investors and analysts, and in a detailed form 8-K. Under the direction of chief executive officer Mitchell Rudin, and president Michael

BEL AIR, MD — Peak Management has announced the initiation of construction for the Avanti Luxury Apartments, a 198-unit community situated along Tollgate Rd. and between Bel Air South Parkway and Plumtree Rd. in the Bel Air section of Harford County. Site work began in July for the apartment community, featuring unit sizes ranging from approximately 1,000 to 1,500 s/f of space, with delivery and resident move-ins expected to begin in summer 2016. The project is contained on t

MEDFORD, NJ — The Kislak Company, Inc. announced the recent sale of Haynes Run Apartments, a 148-unit apartment complex in Medford for an undisclosed price. Senior vice president Matt Weilheimer represented both parties, longtime Kislak clients, in the off market transaction. Haynes Run Apartments consists of a combination of one- and two-bedroom apartments situated on 22 acres. Each apartment has an individual entrance with central air conditioning, individual gas heater,

FREDERICK, MD — Marcus & Millichap announced the sale of The Westerleigh, a 30-unit apartment property located in Frederick, according to Bryn Merrey, regional manager of the firm’s Washington, DC office. The asset sold for $1,787,500, which is approximately 98% of the listing price.Cameron Webb, associate and Stacey Milam, first vice president investments, both in Marcus & Millichap’s Washington, DC office, had the listing to market the property on behalf of the seller, a lo

Boca Raton, FL — Meridian Capital Group negotiated a $15 million mortgage for the purchase of the Berkshire Reserve multifamily property located in Naples, FL on behalf of Axonic Capital. The five-year loan, provided by a regional balance sheet lender, features a competitive fixed-rate of 3.125% and a flexible prepayment penalty. This transaction was negotiated by Meridian senior managing director, Israel Schubert, and vice president, Brad Beattie, who are based in the compan

PHILADELPHIA, PA — TD Bank, America’s Most Convenient Bank, has named John Thacher as assistant vice president, account manager in commercial real estate in Philadelphia. He is responsible for managing loan relationships within a large portfolio of commercial real estate loans, serving commercial customers across Metro Philadelphia. Thacher has six years of experience in commercial real estate. Prior to joining TD Bank, he served as an assistant director at Studley, Inc. in

SOUTH HACKENSACK, NJ — The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, has announced sale of its 112,270 s/f industrial warehouse building located at 490 Huyler St. in South Hackensack, to Park Avenue Motor Corporation. The company has leased the building since 2012 and the tenant chose to exercise its purchase option. “This sale allows The Hampshire Companies to generate an attractive yield on it