Please ensure Javascript is enabled for purposes of website accessibility

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

Pipeline deep, but tax credits run short

The deadline for businesses to apply for Urban Transit Hub tax credits is a year off, but the Economic Development Authority’s chairman has ordered a fiscal analysis to determine what’s left in the bank as the pipeline of projects awaiting review grows deeper. An exact picture of the finances may be complicated, though, by ongoing ...

Read More »

Building deeper ties to Newark’s redevelopment

Chris Johnson knew he faced a challenge in 2006 when he was hired to build a bank in downtown Newark. For decades, the Brick City had been plagued by corruption and patronage, creating barriers that kept out would-be developers and contractors. But in his bid to obtain a permit, Johnson worked with Stefan Pryor — ...

Read More »

Report suggests continuing rebound in N.J. industrial market

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 ...

Read More »

Princetons merger may give boost to commercial real estate

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 ...

Read More »

Hartz amps up solar array

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 ...

Read More »