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.

Hospitality & Tourism
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.

Finance & Capital Markets
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.

Professional Services
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.

Professional Services
Newark Museum design team honored for façade, interior renovations (SLIDESHOW)

The design firm behind recent renovations at the Newark Museum has won statewide acclaim, winning an award from the organization Downtown New Jersey.

Residential & Mixed Use
Ironstate, Panepinto cap off Jersey City project with 539-unit rental tower (SLIDESHOW)

Ironstate Development Co. and Panepinto Properties have taken the wraps off the last piece of a multiphase, mixed-use project that has brought nearly 1,500 new apartments and a hotel to downtown Jersey City over the course of a decade.

Government & Public Policy
Hoboken details revised hotel plan with $4.5 million in community givebacks, union labor

A developer seeking to build a new waterfront hotel in Hoboken has pledged $4.5 million in community investments, under a deal that city officials say could be a model for future projects.

Top News
Stockton’s plan to buy Atlantic Club falls through, reports say

Stockton University’s plan to purchase the former Atlantic Club Casino Hotel has fallen through, marking the latest setback for the Atlantic City property more than four years after it closed its doors.

Top News
N.J. Hall of Fame breaks ground on museum at American Dream

The New Jersey Hall of Fame has broken ground on its permanent home at the sprawling American Dream complex in East Rutherford, hosting stakeholders and dignitaries on Wednesday for a ceremonial kickoff to the project.

Top News
Rutgers reveals latest group of advisers, emerging leaders for real estate program

The Center for Real Estate at Rutgers Business School has unveiled this year’s group of board members and industry leaders that will guide the program and its students.

Retail
JLL: Newark hotel inks leases with seafood eatery, recruiting center

A local seafood restaurant and a U.S. Army recruiting center will be among the newest retail tenants at a hotel next to the Prudential Center in Newark, according to JLL.