Regions Northeast
Pinnacle Commits to 30,000-SF Flex Building
May 8, 2008

Pinnacle Wireless will take its headquarters from Montclair to Hackensack, where it has signed a lease to occupy the entire 30,000-square-foot flex building at 80 Commerce Way. The deal marks an expansion for the communications company. Owned by Prism Capital Partners for the last three years, the facility is part of a two-structure complex consisting of an aggregate 73,000 square feet; the second structure, offering 43,000 square feet at 60 Commerce Way, is presently vacant but was previously occupied by Quest Diagnostic. Prism relied on Jones Lang LaSalle to orchestrate the transaction, while the new tenant turned to The Van Houten Group for representation. Pinnacle plans to move into its new digs this summer.  

 
Recent Northeast Headlines
Financing Closes for New Jersey Retail/Office Center
Sept. 05, 2008
The 185,000-square-foot office and retail property at 2143 State Route 35 in Holmdel, N.J., has been financed to the tune of $17.4 million.
avenir HFF Arranges $90M Loan for New Archstone M-F Project in Boston
Sept. 05, 2008
Development of Archstone Avenir, a 241-unit luxury apartment community in Downtown Boston, is moving forward with help from a $90 million construction loan arranged by the Boston and Dallas offices of Holliday Fenoglio Fowler L.P.
Lenders Go After Macklowe Over $510M Loan
Sept. 04, 2008
Deutsche Bank AG and other lenders are suing Macklowe Properties Inc. to foreclose on a $510 million loan the company took out to develop the site of the Drake Hotel in New York City.
McNally Joins Colliers Meredith as Associate
Sept. 04, 2008
Dana McNally has joined Colliers Meredith & Grew as an associate in the Boston Brokerage Group, focusing on the Boston office market where he is responsible for the generation of new business, leasing, financial analysis, lease negotiations, client presentations and market research.
AvalonBay Forms $950M Apartment Fund
Sept. 04, 2008
AvalonBay Communities Inc. has created a new fund that will focus on the acquisition and operation of apartment properties in high barrier-to-entry markets in the Northeast, Mid-Atlantic, Midwest, and on the West Coast.