Some would say that every home in Princeton is a luxury home, but for some years now the very special properties have had the opportunity of being listed on a prestigious network, Christie’s or Sotheby’s. Peyton Associates was associated with Christie’s, and N.T. Callaway marketed its best properties through Sotheby’s.
Now Princeton Real Estate Group joined the network of Sotheby’s International Realty Affiliates Inc. It will do business as Henderson Sotheby’s International Realty, and the name of the web page will change as well.
"This affiliation is a tremendous win for our firm and, most importantly, helps us elevate the level of service we can provide to our clients," said Judson Henderson in a statement. "The Sotheby’s International Realty network has innovative marketing programs that will help us reach prospective buyers throughout the country and the world. Our clients’ listings will greatly benefit from this wide international exposure, and we are thrilled to be part of such a luxury network."
Founded in 1953 by John T. Henderson Sr., the firm continued under the ownership of the late John T. Henderson Jr. Except for the period from 1998 to 2001, it was under the Henderson family control. It was reestablished in 2002 as the Princeton Real Estate Group, led by brothers Judson and Matthew Henderson, and has 45 sales associates.
"We are extremely pleased that such a fine real estate family business will carry our prestigious name, and we look forward to seeing the firm and their clients benefit from our network’s exclusive marketing and business resources," said Michael R. Good, president and CEO of Sotheby’s International Realty Affiliates Inc. in a prepared statement.
Pete Callaway of N.T. Callaway left Sotheby’s in July to join Christie’s. Sotheby’s real estate division had changed hands and changed business models, he says, so that it is more like a franchise. "My logo and the sign I had had for 30 years would have been gone forever," he says. Under the new Sotheby’s business model, he says, all properties must be listed, not just the luxurious ones, and a fee is involved for each listing.
Most of the more than 150 companies that had been affiliated with Sotheby’s also left to join Christie’s, says Callaway: "It was our decision to go in this direction."
Henderson Sotheby’s International Realty, 34 Chambers Street, Princeton 08542. Judson Henderson, broker of record. 609-924-1000; fax, 609-924-7743. Home page: www.hendersonsir.com
N.T. Callaway Real Estate, 4 Nassau Street, Princeton 08542. N.T. Callaway, president. 609-921-1050; fax, 609-683-4070. Home page: www.ntcallaway.com
New in Town
Integrated Global Systems, 3371 Route 1, Lawrence Commons, Suite 203, Lawrenceville 08648. Kondal Anumula, technical recruiter. 609-662-0156; fax, 609-624-4171. Home page: www.igs-usainc.com
Global Integrated Solutions, a computer consulting firm, has opened an office at 3371 Lawrence Commons.
DVX LLC, 31 Airpark Road, Princeton 08540. David Vilkomerson PhD, president. 609-924-3590; fax, 609-651-4422.
DVX LLC, a firm under contract to the National Institutes of Health to do research using ultrasound to measure blood flow, moved its offices in October from 4326 Route 1 South in South Brunswick to 31 Airpark Road. Phone and fax have changed.
The October 21 plea hearing for John Torkelsen has been postponed to Thursday, November 3. Torkelsen, formerly an expert securities witness, is accused of stealing money that the United States Small Business Association invested in his venture capital firm at 5 Vaughn Drive.
Justin Sheck had reported in the California-based Reporter that Torkelsen is apparently cooperating with federal attorneys in Los Angeles to help prosecute with Milberg Weiss lawyers involved in shareholder class action suits. Sheck now reports that prosecutors filed a letter saying that though a plea agreement has been reached, one outstanding issue remains to be resolved.
Torkelsen’s lead attorney, Ralph Caccia, based in the District of Columbia, repeatedly refuses comment. The reason given for postponing the hearing is because Caccia "is currently overseas and will not be available in sufficient time prior to the scheduled plea hearing," according to the letter. U.S. District Judge Reggie Walton is hearing the case in Washington, D.C.
Plaintiff securities lawyers, Torkelsen’s former clients, had contributed to his investment fund, the Acorn Technology Fund. He and members of his family have been charged with the misapplication of $32 million in federal funds and the theft of $1.9 million in Acorn Technology monies. He is expected to plead guilty to a lesser charge – providing false information to a government agency (U.S. 1, October 12).
Torkelsen also faces civil charges in Philadelphia. His wife of 15 years, Pamela, made a plea bargain on a criminal charge of transporting stolen or fraudulently obtained property across state lines. She has not been sentenced.
Contempo Press Inc., 3371 Route 1 South, Suite 104, Lawrenceville 08648. Trudy R. Schleifer, president. 609-897-0808; fax, 609-897-0820. Home page: www.contempopress.com
Contempo Press moved to 3371 Route 1 South in Lawrenceville, from 8 Industry Court in Trenton. After being purchased by Kay Printing in North Jersey, the office was downsized to 2 people, and now serves as a sales office only. Phone and fax number have changed.
Sheila C. Fairchild, 52, on October 13. She was assistant chief of investigator for the state public defenders office.
Joseph P. O’Neill, 71, on October 21, after a battle with leukemia. A former researcher at Educational Testing Service, he was mayor of Princeton Borough. A memorial service will be Thursday, October 27, at 2:30 p.m. at the Princeton University Chapel.
Louis V. Iovine, 64, on October 21. He was a database analyst for Bristol-Myers Squibb.
Sharon Rose Newman, 56, on October 21. She was a deputy clerk with the federal bankruptcy court.