BETHLEHEM, PA —Sands Investment Group's Bryant Hoover says the California firm arranged the $7.5 million sale and leaseback of two doctor-owned medical office buildings in the Lehigh Valley cities of Whitehall and Bethlehem, PA.

HACKENSACK, NJ—GE Credit Equities has sold 2 University Plaza in Hackensack, NJ to Venture Hackensack for $10.25 million. Newmark Grubb Knight Frank brokered the deal for GE.

PHILADELPHIA, PA—Retail and multifamily properties are highly active and continue to see strong demand, José Cruz, a senior managing director at HFF, tells GlobeSt.com exclusively. Cruz is a panelist at next month's Real Share Philadelphia conference on February 9.

PARSIPPANY, NJ—Hudson News Distributors, the world's largest operator of newsstand concessions in major airports and transit facilities, has acquired 701-705 Jefferson Road, an industrial facility in Parsippany, after leasing the property for about 18 months. NAI Hanson's Scott Perkins says Hudson thought it was only a temporary move, but decided to stay in the property permanently.

TOMS RIVER, NJ—The Walters Group has broken ground on a new 102-unit affordable rental community for seniors to be named Cornerstone at Toms River. The project will fill a need for senior (55+) affordable housing in the township, with priority for residents affected by Super Storm Sandy.

WEST CONSHOHOCKEN, PA—The recent sale of 300 Four Falls came in part because of two years of revitalization efforts by National Asset Services, whose president Karen Kennedy says it created greater marketability for the property's sale by a tenant-in-common ownership structure counting down a maturing loan.

HACKENSACK, NJ—North Jersey office demand began reaching a peak at the end of 2015 and is likely to level off a bit in 2016, according to Keith DeCoster, Savills Studley's US director of real estate research. DeCoster talks about the firm's fourth quarter Northern New Jersey office research report, which he authored.

EAST RUTHERFORD, NJ—Cushman & Wakefield has named Andrew Judd its New Jersey market leader and promoted him to senior managing director. Judd had been serving as interim market leader for the past year, including during the company's successful merger with DTZ last fall.