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 ...

Propelled by a strong fourth quarter, leasing in New Jersey’s industrial real estate market reached its highest mark in seven years in 2011, according to a new CB Richard Ellis market report. The momentum could be a sign that industrial tenants and prospective buyers are “getting off the fence” after about two years, realizing that ...

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 ...

A new market report by Grubb & Ellis suggests continued momentum in New Jersey’s industrial real estate market, with positive absorption of 6.9 million square feet in 2011. That indicates a second consecutive year of growth, with 9.4 million square feet absorbed in 2010, a slow turnaround from the 22.2 million square feet that opened ...

There was not an empty seat at the Pines Manor, in Edison, this morning, as state Department of Environmental Protection and environmental experts spoke to more than 200 New Jersey business leaders about the changes being made to the site remediation program. In May, the DEP will hand over all site remediation cases to an ...

The opening stage of what could prove to be a lively debate over what land in New Jersey should be targeted for development or preservation began Tuesday at the State Planning Commission. The commission heard from both property owners and planning groups that offered different visions for how land should be developed. State officials presented ...

The merger of Princeton Borough and Princeton Township is likely to have a positive effect, however slight, on the commercial real estate market in a locale that attracts companies and tenants who seek a prestigious address. “The consolidation of the two towns, if nothing else, should have a positive impact on a few things in ...

Multifamily home construction will still lead the way in 2012, according to Jeffrey Otteau, president of Otteau Valuation Group, but recent increases in the number of existing home sales may turn into 2013 a new-home construction boom. “There is a powerful indication there that the entry-level price range is beginning to churn,” Otteau said. That’s ...

Hartz Mountain Industries’ first foray into strictly solar development became operational Monday. The Secaucus-based developer announced Monday its 30,000-panel, 8.5-megawatt facility in Hamilton has begun to produce power for the company. The ground-based array is among the state’s largest. Hartz’s solar display occupies 34 acres of a 65-acre property previously slated for residential development. Hartz ...