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.

Residential & Mixed Use
Connell details plans for new residential, retail phases at landmark Berkeley Heights campus

The Connell Co. has unveiled new details of a plan to transform its flagship business park in Berkeley Heights, having secured approvals to add more than 300 apartments and a sprawling entertainment, dining and retail space across five new buildings.

Finance & Capital Markets
JLL: Buyer sought for Meadowlands hotel site with multifamily redevelopment prospects

The site of the Hilton Meadowlands Hotel and its parking lot in East Rutherford is on the market for sale, in an offering that could yield two multifamily redevelopment opportunities.

Residential & Mixed Use
Developers break ground on 40-unit rental project next to upscale Montclair hotel

The developers of the upscale MC Hotel in Montclair have broken ground on a new 40-unit apartment building that will rise adjacent to the downtown property.

Hospitality & Tourism
TFE sells Toms River hotel amid several recent deals

TFE Properties has sold a hotel in Toms River after more than three decades, citing interest from buyers seeking to convert part of the property to commercial space.

Finance & Capital Markets
GreenLake Funds $23 million hotel redevelopment loan in Wildwood Crest

The owner of a 108-room hotel in Wildwood Crest has landed nearly $23 million in financing for a sweeping renovation of the oceanfront property.

Hospitality & Tourism
Denholtz, BarCo brands ink 17,000 sq. ft. lease at Fort Monmouth food, beverage hub

A third tenant has committed to Denholtz Properties’ new food and beverage destination at the Fort Monmouth site, taking the remaining space at the 53,000-square-foot building.

Technology
Connell, Brightcore debut 9,200 new solar panels at The Park in Berkeley Heights

The Connell Co. has unveiled a collection of more than 9,000 solar panels at its flagship campus in Berkeley Heights, the latest addition to the 185-acre property known as The Park.

Government & Public Policy
Jersey City: Loew’s Theatre restoration lands $42 million tax credit to kick off EDA program

The state has awarded more than $42 million in tax credits to a plan to restore an iconic theater in Jersey City, the first approval under the new Historic Property Reinvestment Program.

Government & Public Policy
Demolition begins in East Brunswick as builders, officials prepare to transform Route 18

A development team has started demolition of a blighted, long-vacant retail complex along Route 18 in East Brunswick, in a critical step in a plan to build new apartments, commercial space and other uses as part of a destination spanning dozens of acres.

Top News
Plan for 1.2 million sq. ft. studio, hospitality complex in Carteret wins key approval

A sprawling project that would bring film and television studios, hotel rooms and restaurants to a former industrial site in Carteret is moving forward after securing a key local approval.