The San Francisco-based industrial developer, one of New Jersey’s largest owners of warehouse and distribution space, said it’s partnering with Norges Bank Investment Management, which oversees the Norwegian Government Pension Fund. The venture plans to acquire 66 logistics facilities housing nearly 13 million square feet here, though it’s unclear how that plan affects New Jersey.Prologis ...

According to the announcement, the conversion facility for Marlton-based Organic Diversion  is the first of several planned projects in the 145-acre Southport Redevelopment Area (SRA). Once completed, the SRA will be transformed from a long vacant, brownfield industrial site into one of the premier business parks in the region. The SRA is being redeveloped by ...

The financially troubled resort is shutting down after an auction in U.S. bankruptcy court, it announced Friday. As a result of the proceedings, the Atlantic Club has entered into two asset purchase agreements with two rival casino operators — Tropicana Entertainment and Caesars Entertainment, according to the Associated Press, with the companies paying a combined ...

According to the announcement, the company has acquired an 80 percent ownership interest in a newly developed 966,169-square-foot warehouse and distribution property located in Lille, France. This is Chambers Street’s first acquisition in France. The property was acquired as part of Chambers Street’s existing joint venture with Goodman Group that was formed to acquire stabilized, ...

According to the announcement, the new drainage solution is part of a $265 million reconstruction program being implemented in the area following the damage caused by superstorm Sandy. The drainage system will consist of 47 Flygt Slimline pumps and 27 smaller Flygt submersible N-pumps in nine pump stations located at various intervals along the 12-mile ...

The transaction includes Riverwatch Commons and Richmond Court, a three-building portfolio acquired from an affiliate of Ironstate Holdings, Mack-Cali said in a news release. The buildings are 95 percent leased.The properties, which include studio, one- and two-bedroom units, are adjacent to the Hiram Square townhome complex built by Mack-Cali’s Roseland subsidiary, the release said. Roseland ...

The company, the Atlanta-based Ocwen Financial Corp., will pay $2.1 billion in principal reduction, cash payments and other fees under the terms of the settlement in federal court, New Jersey’s acting attorney general said in a news release. The high-risk mortgage loans servicer was accused of causing premature and unauthorized foreclosures, as well as violations ...

According to the announcement, the HMFA, an affiliate of the New Jersey Department of Community Affairs (DCA), awarded the development federal Low Income Housing Tax Credits that generated about $15.5 million in private equity, and provided $2.5 million in permanent loan financing. The project was jointly developed by New York-based Conifer Realty LLC and the ...

The builder, Pulte Homes, announced Wednesday it has started work on what will be 217 for-sale town homes, part of the larger master plan by Somerset Development. The so-called Liberty Square at Wesmont Station complex is expected to open in summer 2014.The for-sale component is the latest milestone in a decade-old project to transform the ...

According to the announcement, the property consists of one distribution building containing approximately 208,000 square feet and was purchased by the tenant that currently leases 100 percent of the building. Terreno Realty Corporation acquired the property in September 2010 for a purchase price of approximately $16.5 million. Stay informed: Subscribe to free NJBIZ newsletters Follow ...