Kislak closes multifamily sales; expanded relationship; insurance acquisition.
Kislak Co. Inc. announced Wednesday the sale of two multifamily properties in Passaic County: a 68-unit property in Pompton Lakes for $7.9 million and a 14-unit property in Clifton for $1.4 million. Vice President Robert Squires represented both parties in each transaction.
Cognizant, of Teaneck, announced Thursday an expanded relationship with Hanover Insurance Group Inc., with the deployment of remote infrastructure management services.
Medical Liability Mutual Insurance Co. announced Wednesday it will sell Princeton Insurance Co., based in West Windsor, to Medical Protective Co., a Berkshire Hathaway subsidiary, in an all-cash transaction. The acquisition is expected to close in the fourth quarter of 2011. Princeton Insurance employs more than 100 people and has annualized gross written premiums of approximately $140 million.