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
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.

Residential & Mixed Use
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.

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.