The township of West Orange has acquired a nearly 138-acre golf course property within its borders, under an $11.1 million transaction arranged by HFF.
Hospitality & Tourism
Whether it’s the proximity to New York City or all of the tourist attractions that New Jersey has to offer, the Garden State’s hospitality industry is booming. Hotels are increasingly becoming part of major redevelopment projects.
Deifik, ex-owner of Atlantic City’s Ocean Resort, dies in car crash
Bruce Deifik, the Colorado developer who purchased and reopened the former Revel Casino Hotel in Atlantic City, before having to give up the property earlier this year, died Sunday.
NBPAC project unveils newly named theaters, largest-ever gifts for playhouse
The New Brunswick Performing Arts Center, a $172 million mixed-use project rising in the city’s downtown, has added to its cachet with two newly announced naming gifts.
Hollister tapped to oversee upgrades at historic Edison golf club
A historic country club in Edison is slated for a series of renovations as part of a newly announced project by Hollister Construction Services.
Prism offers new details for lab, hotel projects at ON3 (RENDERINGS)
A pipeline of new ground-up construction projects is taking shape at Prism Capital Partners’ ON3 campus in Nutley and Clifton, including some 400,000 square feet of laboratory space, a new medical office building and a dual-branded 255-room hotel.
Ocean Resort details new ownership, $70 million investment
An existing shareholder is leading the $70 million capital infusion into the Ocean Resort Casino in Atlantic City, paving the way for it to become the property’s new majority owner.
AvalonBay details plans for mixed-use, $300 million project at Princeton Junction (VIDEO)
A plan that would bring 800 residential units, a hotel and an upscale retail plaza to the Princeton Junction train station in West Windsor is set to move forward in the coming months, setting a path for one of the state’s largest and most anticipated redevelopment projects.
HFF inks sale, financing for 128-room hotel in Bridgewater
A regional hotel operator has acquired a 128-room Hyatt property in Bridgewater, in a transaction arranged by brokers with HFF.
Procida inks $7 million loan for Bergen banquet hall
Procida Funding & Advisors has provided a $7 million loan for a Bergen County catering hall to consolidate existing debt and complete minor upgrades.
Avison Young hires new associate in capital markets, hospitality
Avison Young has added to its New Jersey brokerage team with the hiring of a new associate.
