60 Dodge Ave., North Haven

Albert Scafati, senior advisor at Press/Cuozzo Commercial Services, recently received a “Deal of the Year” award from the Greater New Haven Association of Realtors Commercial Investment Division in the Investment Sale/Flex Building category.

Scafati represented Elm Street Partners on its purchase of a 116,000-square-foot building located at 60 Dodge Ave. in North Haven, home of HB Communications and the Great Spring Water Co. The transaction closed at $7.98 million.

Press/Cuozzo Commercial Services, which has offices in New Haven and Hamden, markets commercial and industrial/investment properties throughout New Haven County.

Rielly Named EVP

Stamford-based CBA Commercial, a commercial mortgage finance firm specializing in the purchase and securitization of small-balance multifamily, commercial and mixed-use mortgage loans, recently promoted Scott Rielly to executive vice president of national sales and has hired Stephen Wojnar, as vice president of the Northeast region.

Previously vice president of the Northeast region for CBAC, Rielly is now responsible for the overall management of the national sales platform including the establishment of new regional offices. Wojnar will lead the sales and marketing efforts for CBAC from the Massachusetts office. Formerly regional director of business development at Silver Hill Financial in Miami, Wojnar will be responsible for recruiting and training commercial account managers and identifying strategic alliances with mortgage brokers, banks and other depositories.

CBA Commercial offers financial institutions and mortgage lenders additional sources of revenue through the CBAC Authorized Lender Program. Providing funding and support services specifically tailored to the small-balance commercial mortgage market, the CBAC Authorized Lender Program features loan amounts from $100,000 to $3 million; multifamily, office, retail, light industrial and mixed-use property types; full and stated documentation; average Fair, Isaac and Co. (FICO) scores of 675; two-, three-, five-, seven- and 10-year adjustable-rate mortgage products (fixed period, then resets to six-month London Interbank Offered Rate, or LIBOR); 30-year final maturities; and 30-year amortization.

CBA Commercial is a specialty commercial mortgage finance firm that acquires and securitizes small-balance multifamily, commercial and mixed-use mortgage loans. The company draws on the experience and expertise of its founding partners, CBA Receivables, a residential mortgage securitization firm; and Cheslock, Bakker & Assoc., a leading real estate merchant bank. CBA Commercial senior management has been involved for over 30 years in the development, standardization and securitization of various types of specialty mortgages and other innovative financial asset classes. CBA Commercial has created a streamlined process for underwriting, closing and securitizing small-balance multifamily, commercial and mixed-use mortgage loans. Its standardized loan documentation, underwriting guidelines, appraisal process, environmental risk mitigation techniques, and compliance and quality control procedures enable CBA Commercial to efficiently evaluate and fund commercial loans ranging in size from $100,000 to $3 million.

DPM Promotes Pinckney

Diversified Project Management, one of New England’s premier owner-representative firms providing project programming, construction administration and move-planning services, recently promoted Scott Pinckney to senior project manager at the firm’s Hartford office.

“Scott’s skills in construction and facilities management have been a valuable asset over the years to our clients in education, manufacturing and corporate environments,” said Bob Keeley, president of DPM. “He is very deserving of this promotion as he has worked extraordinarily hard and contributed to the success of our company.”