Regions Northeast
Arch Insurance Leases 106,815 SF in Jersey City
July 24, 2008

Mack-Cali Realty Corp. said today that Arch Insurance Co. has leased 106,815 square feet at Harborside Financial Center Plaza 3 on the Jersey City waterfront. The lease carries a term of 15 years. Arch Insurance, a division of Arch Capital Group Ltd., is a provider of property, casualty and specialty insurance. Harborside Financial Center is a mixed-use complex with five class A office buildings totaling 3.1 million square feet. The office buildings are 99.6 percent leased. CB Richard Ellis represented the tenant in the transaction.

 
Recent Northeast Headlines
Allied Partners' Hadar Busted for Drugs
Oct. 06, 2008
According to a report in the New York Daily News, Eric Hadar, CEO of Allied Partners, was busted for drugs, including cocaine, Oxycontin and Xanax, He was stopped while driving erratically Friday on the Saw Mill River Parkway in New York and is due to make a court appearance on two felony counts today in Westchester, N,Y., the paper stated. His real estate firm bought the Citigroup Center on Lexington Ave. for $725 million in 2001.
Manhattan Office Market Reaches Uncharted Waters
Oct. 06, 2008
The flagship of the United States office investment and leasing market, Manhattan is now also at the heart of the financial crisis. The stunning events of recent weeks point to a new era for the economy, but experts differ about how the changes will play out in Manhattan’s commercial real estate market during the next several quarters and beyond.
Cedar Shopping Center Secures $78M Financing Deal for $105M Project
Oct. 06, 2008
The ice cold lending market has given a warmer reception to Cedar Shopping Centers Inc., which just closed a construction financing deal valued at $77.7 million for Upland Square, a 655,000-square-foot project on 108 acres in West Pottsgrove, Pa., approximately 40 miles northwest of Philadelphia.
Marcus & Millichap Arranges Sale of 2 Connecticut M-F Complexes
Oct. 03, 2008
Marcus & Millichap Real Estate Investment Services has arranged the sale of two Class A multi-family complexes - Chestnut Hill Apartments and Northwoods Apartments - in Middletown, Conn.
NorthMarq Arranges $20M for Lincoln North in Massachussetts
Oct. 03, 2008
Joseph Hegenbart of NorthMarq¹s Boston Regional office has arranged mortgage financing of $20 million for Lincoln North, located at 55 Old Bedford Road in Lincoln, Mass.