Click here to go to Jared’s blog and follow the action on the train ride and during tonight’s events.
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Real Estate
Ft. Monmouth gets first commercial tenant as CommVault commits to site
The software company, now based in Oceanport, plans to build a new headquarters on a 55-acre tract in Tinton Falls.
Read More »Lesniak says Christie veto misses mission of foreclosure transformation bill
But state Sen. Raymond J. Lesniak (D-Union), who shepherded the Senate version of the Residential Foreclosure Transformation Act through to the governor’s desk, said Christie’s suggestions don’t touch on the purpose of the bill.“It’s obvious the governor does not want to deal with the foreclosure problem that in New Jersey is dragging down our economic ...
Read More »Power 100 list stats
I guess it’s the former accountant in me, but it’s always fun to crunch some numbers about the NJBIZ Power 100 list. As always, I’d like to note Managing Editor Joe St. Arney and I don’t have any quotas when we create these power lists, and we don’t aim to hit any benchmarks such as a certain turnover rate. Here ...
Read More »Hospital repurposing could get assist through legislation
The bill, which passed the Assembly on Monday, would offer tax credits to developers that turn closed hospitals into multitenant health care facilities.
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Prism set to break ground on 230 million Edison Village project
Edwin Cohen, principal partner of the firm, said the Edison Village project — which represents what he called New Jersey’s inland largest redevelopment project of its kind — was drafted in 2006 to convert the former Thomas Edison Invention Factory and Commerce Center into condominiums on 21 acres of land. However, after Prism began demolition ...
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Colleges aim to clear planning hurdles as they await bond funding
At William Paterson University, though, the $750 million bond issue came at a time when administrators already were planning a facility expansion.President Kathleen Waldron said when she arrived at WPU in 2010, she took a “lay of the land” survey of what the school needed, which led to a master plan being created in 2012 ...
Read More »Power 100 cover Iwo Jima meets LBI
Creating the NJBIZ Power 100 list is a long and laborious process. One of the fun parts of the process is deciding how to depict the list on the cover of NJBIZ. When Managing Editor Joe St. Arney and I began kicking around ideas many weeks ago, we knew superstorm Sandy needed to be part ...
Read More »High court begins consideration of executive order to banish COAH
In June 2011, Christie placed state affordable housing policy under executive control by transferring COAH’s functions to the Department of Community Affairs. Once that executive order took effect, the Fair Share Housing Center immediately appealed it, and in March 2012, the Appellate Division decided Christie’s reorganization plan violated state law, reinstating COAH’s authority over municipalities’ ...
Read More »Sandy grant helps hire 500 for storm cleanup
Labor and Workforce Commissioner Harold J. Wirths made the announcement during a visit to Hillsborough, one of the communities utilizing grant-funded workers. Some 22 people are working in Hunterdon and Somerset counties, the state said.“The day after the storm hit, my staff went to work to secure this National Emergency Grant with the goal of ...
Read More »Mack-Cali acquires Roseland luxury properties near Boston
The Edison-based real estate investment trust announced today that it had acquired one of the assets, a 310-unit rental property, for $61.3 million and has agreed to purchase a separate 412-unit asset for $88.7 million. The properties, Alterra at Overlook Ridge IA and IB, are being sold by a joint venture including Prudential Insurance Co. ...
Read More »Off-track wagering comes to Gloucester
To start collecting bets on horseracing at the site by the summer, Penn has already signed a lease for the 15,000-square-foot retail space, and, pending local and state approvals, it will utilize the second of Freehold’s four OTW licenses. The first was employed by Pennwood Racing — a joint venture between Penn National Gaming and ...
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