6B — March 10 - 23, 2017 — New Jersey — M id A tlantic Real Estate Journal
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N orthern N ew J ersey
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Company hires Nalbandian as a senior managing dir. HFF represents Advance Realty in $45.5m financing H oboken, NJ — Hol - liday Fenoglio Fowler, L.P. (HFF) arranged
$45.5 million in financing for The Metropolitan, a 128-unit, class A apartment community in Hoboken. HFF worked on behalf of the borrower, Advance Re- alty and a global investment group, to secure the 10-year, fixed-rate loan through C igna Investments (Cigna) . Pro- ceeds from the loan were used to acquire the asset from AEW Capital Management, L.P. (AEW) , acting on behalf of one of its institutional separate
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The Metropolitan
account clients, in a separately announced, HFF-brokered transaction. The HFF investment sales team representing the seller was led by senior managing director Jose Cruz , manag- ing director, Kevin O’Hearn and directors Michael Oliver and Stephen Simonelli . The HFF debt placement team rep - resenting Advance was led by senior managing directors Jon Mikula and Jim Cadranell . In other HFF news, Grego- ry Nalbandian has joined the company as a senior manag- ing director in its New Jersey office. Nalbandian will focus on debt and equity placement transactions in New Jersey and the Tri-State area. Nalbandian has more than 23 years of experience in the commercial real estate in- dustry and joins HFF from NorthMarq Capital, LLC, where he worked as a senior VP and managing director since 2005. n The Growing Popularity of CIOs and VCIOs: . . . continued from page 2B terms of security and efficiency, and it is easy to see why the trend of outsourcing technology functions continues to grow; wrapping in the vCIO function adds a strong strategic element to the mix. With the right part - ner – one that not only supplies the day-to-day support you need but also delivers from an IT strategy perspective – com- mercial real estate companies can leverage their technology as a tool for growth and success in today’s tech-centric world. Jodi Madsen is a sales manager at Integrated Busi- ness Systems in Totowa, NJ. n
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