LINDEN, NJ—Penwood Real Estate Investment Management has acquired 1501 West Blancke Street, a 115,000-square-foot industrial building in Linden, from Tulfra Real Estate.
PHILADELPHIA, PA—Clark Capital Management Group named Glenn Dorsey, former co-chief investment officer and head of the Private Wealth Management Group at Curian Capital, as a senior vice president and senior client portfolio manager.
DENVILLE, NJ—Springpoint Senior Living, one of New Jersey's largest non-profit providers of housing and services for seniors, has acquired Franciscan Oaks, an entrance fee continuing care retirement community in Denville, NJ.
JONESTOWN, PA—Responding to continuing class A bulk warehouse space demand in the healthy Central Pennsylvania industrial market, Ridgeline Property Group has broken ground on a 398,250-square-foot speculative industrial building in Jonestown, PA.
PISCATAWAY AND WAYNE, NJ—Meridian Capital Group arranged $218.2 million in acquisition financing for the purchase of Pleasant View Gardens and Wayne Village, two multifamily properties located in Piscataway and Wayne, NJ, respectively, on behalf of Cammeby's International.
HOBOKEN, NJ—Consumer goods company Newell Brands has signed a lease to establish its corporate headquarters at Waterfront Corporate Center III in Hoboken. The transaction brings SJP Properties' class A office and retail building to full occupancy.
PHILADELPHIA, PA—Megan Syrnick, PE, a project manager with Hill International's Project Management Group, was named Construction Engineer of the Year by the Philadelphia Section of the American Society of Civil Engineers.
LITTLE FALLS, NJ— Montclair State University is leasing 51,000 square feet of the third floor at Overlook Corporate Center in Little Falls, NJ, for its accounting and administrative offices. The University will occupy the new space in August.
PHILADELPHIA—Post Brothers, which has been redeveloping some signature properties in key metropolitan markets, moved a step closer to completion of its redevelopment at the Presidential City apartment complex off City Line Avenue with the opening of the Sora Pool Club, its signature pool club resort and leisure space at the property.
