New data on home prices show growing momentum in the country's housing recovery, but an economist said the gains don't tell the story in New Jersey, where the comeback still trails the national pace.
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Real Estate
Developer says Irvington mall could open this fall
The Valley Mall Plaza, in Irvington, could open for business as early as this fall, developer Joseph Sarder said today during an open house at the property, off I-78 on Chancellor Avenue.
Read More »Goldstein Group appointed exclusive broker to 4 N.J. properties
The Paramus-based Goldstein Group, a retail real estate brokerage, announced Monday it has been appointed the exclusive broker to four properties in Elizabeth, Passaic and Paterson.
Read More »Marcus Millichap sells 17-unit apartment in Maywood
Marcus & Millichap Real Estate Investment Services on Monday announced the sale of Elm Court Apartments, a 17-unit apartment complex in Maywood, in a $1.66 million sale.
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Montclair State trustees award 102M contract for campus construction projects
The board of trustees of Montclair State University on Monday announced it has authorized the award of a $102 million contract to Terminal Construction Corp. to provide general contractor services in support of the construction of two academic buildings on its main campus.
Read More »Hill to provide management services for 900M steel plant in La.
Construction risk management provider Hill International, of Marlton, announced Monday it received a contract from a subsidiary of Benteler International AG to provide construction management services in connection with a $900 million steel pipe and tube manufacturing plant to be located in Shreveport, La.
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Samson returning Port Authority to its roots by growing economy through transportation investment
The days of trying to build 100-acre business parks are long gone for the Port Authority of New York and New Jersey. Just ask David Samson.
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Deadline looms for gaming companies to apply for online licensing
The state's plans for launching Internet gaming in late November could become clearer by Tuesday, following today's application deadline for any casino, partner company or service provider that wants to be licensed in time for the rollout.
Read More »ZAIS Financial completes 167M whole loan purchase
Red Bank-based ZAIS Financial Corp. announced today it has acquired a residential mortgage loan portfolio with an unpaid principal balance of approximately $167.8 million, utilizing approximately $98.7 million of its financing facility with Citibank, N.A. to fund a portion of the purchase price.
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Ongoing office sales power Mack-Cali’s new strategy
Mack-Cali Realty Corp. has locked up nearly $420 million in its push to raise cash for multifamily projects by selling non-core office buildings, the company said this week.
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Eye on A.C. London gaming company seeks toehold in online gaming market
A London-based online gaming company, 2UP Gaming PLC, could announce as soon as Labor Day weekend whether it will acquire an existing Atlantic City casino or build a new one in order to begin offering online gaming in New Jersey under the state's new Internet gaming law.
Read More »Terreno Realty acquires Newark industrial building for 15M
San Francisco-based Terreno Realty announced today it has acquired a 52,000-square-foot industrial building in Newark for $15 million.
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