Cruz, Scandalios, O'Hearn and Julien of HFF close $31 million sale
The N.J. and N.Y. offices of Holliday Fenoglio Fowler, L.P. (HFF) have closed the sale of Morris Crossing, a recently-renovated, 123-unit multi-housing community. The HFF investment sales team was led by senior managing directors Jose Cruz and Andrew Scandalios and directors Kevin O'Hearn and Jeff Julien, who represented the seller. Hartz Mountain Real Estate purchased Morris Crossing for $31 million free and clear of debt.
Moorestown, NJ Brennan Investment Group (Brennan) completed the recapitalization of two portfolios containing 22 buildings and totaling 1,176,122 s/f in Moorestown, and Nashville. Notably, the transaction marks Brennan’s third
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,