Paramount Assets is set to unveil a new 70-unit luxury apartment building in Plainfield that has helped revitalize the former site of a used car dealership.
Greek Development has announced a flurry of promotions and new hires in connection with its fast-growing, third-party construction and project management division.
A consultant for large-scale utility projects has leased nearly 5,500 square feet at a new mixed-use building in Somerville, in a deal arranged by Deluccia Commercial Group.
The New Jersey Legislature is considering a bipartisan bill (S355/A3710) that establishes a restricted beer, wine and cider license that would allow restaurants, for a small annual fee, to sell certain alcoholic beverages to their patrons. In an effort to counteract the diminution in value of already-owned liquor licenses, the proposed bill provides tax credit under corporate business tax and gross income tax for loss in value to certain alcoholic beverage licenses. Despite this tax credit, there is sure to be a significant decrease in the value of already-owned liquor licenses. This loss in value is likely to in turn diminish the value of the properties underlying those licenses.
Retailers in and around New Jersey were largely optimistic ahead of a critical holiday shopping season, while still grappling with concerns about inflation and other economic pressures.
Cushman & Wakefield has negotiated the sale of a 44,400-square-foot life sciences building in Plainsboro, the brokerage team announced Thursday.
The longtime owner of a 14-unit apartment building in New Brunswick has sold the property for $1.8 million in cash, in a deal arranged by The Kislak Co. Inc.