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Real Estate

Watson again taps EDA for global RD center in North Brunswick

Citing a positive experience when relocating its headquarters to Parsippany, Watson Pharmaceuticals Inc. announced Monday the company will open a new global research and development center in North Brunswick with the help of the Economic Development Authority. The company signed a 32,000-square-foot lease in the EDA’s Technology Centre of New Jersey, and will immediately begin ...

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Loosening deadlines for builders

An examination of Urban Transit Hub tax credit awards by the Economic Development Authority demonstrates the agency has granted extensions to multiple applicants to keep development projects on track. Under the Urban Transit Hub law, applicants have 12 months from the approval date to meet at least three major milestones — site control, site plan ...

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Focus on multifamily powers Hartz Mountain portfolio

Hartz Mountain Industries announced Thursday that it leased or renewed more than 5.7 million square feet of property in 2011, attributing its success to its greater presence in the multifamily market. The company jumped into the residential market in 2011, building a multifamily portfolio that could soon reach 5,000 units. The company credits volatility in ...

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