BUTLER, PA—NAI Mertz of PA is now exclusive sales agent for a 191± acre mixed-use development site in Butler Township, PA.

JERSEY CITY, NJ—Demonstrating the market's strong appetite for high-end apartment living, The Art House luxury rental building in downtown Jersey City is more than 80% leased, with nearly 100 of its 119 residences now under contract, just three months after opening to the public.

PHILADELPHIA, PA—Equus Capital Partners has signed Whole Foods Market to a 41,700 square foot build-to-suit lease at 3737 West Chester Pike on Equus' Ellis Preserve, a 210-acre mixed use community situated at the intersection of Routes 252 and 3 in Newtown Square, PA, 15 minutes west of Philadelphia.

PHILADELPHIA, PA—DoubleTree by Hilton and Hilton Worldwide have opened DoubleTree by Hilton Philadelphia Airport, 4509 Island Avenue, Philadelphia, PA, located adjacent to the Philadelphia International Airport, just off Interstate 95 and only six miles from the heart of historic Philadelphia.

OLD BRIDGE, NJ—The retail vacancy rate in northern New Jersey's six major shopping corridors fell to 7.3% from 8.1% a year ago thanks to ongoing absorptions of empty 'big-box' stores—including some long-dormant spaces—according to R.J. Brunelli & Co.'s latest survey of the market.

EDISON, NJ—Mitchell E. Hersh, who steps down in May 2015 as president and chief executive officer of Mack-Cali, will receive $8 million in cash as part of a severance package that includes accelerated vesting of stock options and paid medical benefits for his family for up to four years after he leaves the company, according to the company's Form 8-K, filed with the Securities and Exchange Commission late Tuesday.

NEWPORT BEACH, CA—Newport Beach-based Sabal Financial has introduced a web-based technology tool to help commercial real estate term financing professionals generate live quotes for loans ranging from $1 million to $10 million on stabilized properties nationally.

WEST CONSHOHOCKEN, PA—CIT's Real Estate Finance unit helped MIM-Hayden Real Estate Fund I, LP, an investment fund sponsored by Hayden Real Estate Investments and Miller Investment Management refinance Five Tower Bridge, an eight-story class A office tower located in West Conshohocken, PA.