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.

IN THE MOMENT: Miles Berger honored at Downtown New Jersey conference

Miles Berger, CEO of Berger Organization in Newark, was honored recently as an Individual of Excellence by Downtown New Jersey in recognition of his leadership and dedication to downtown development.

Engineering a solution: How PS&S helped create a path forward for Atlantic City’s iconic Steel Pier

The newest addition to the Atlantic City skyline is not another casino, but a 230-foot-tall observation wheel that will become the latest and greatest piece of the iconic Steel Pier. The year-round attraction is now open to the public, but that might not be the case without the work of an architecture and engineering firm with deep ties to the seaside resort town.

Development set to begin at new hotel, restaurant at SJP campus in Bridgewater

SJP Properties has sold a parcel within its five-building office campus in Bridgewater, paving the way for the development of a new high-end Marriott hotel and Zinburger Wine & Burger Bar.

Kushner Cos. acquires Long Branch motel site for $6 million

An affiliate of Kushner Cos. has acquired a 9,600-square-foot motel near its mixed-use Pier Village complex in Long Branch, in a $6 million sale brokered by The Kislak Co. Inc.

Home state advantage: Morris, Jingoli discuss plans in Atlantic City, partnership with Hard Rock

Jack Morris and Joe Jingoli, whose families have partnered with Hard Rock International to acquire the former Trump Taj Mahal, bring decades of experience in New Jersey real estate and a level of hands-on, local expertise that an outside investor simply wouldn’t have.

Combined with the resources and the pedigree of a global brand like Hard Rock, Morris and Jingoli feel strongly that their plans for Atlantic City will be the catalyst that is often promised but not as frequently delivered. And they say it’s about more than simply reopening a casino.

Case launches small loan program for projects nearing stabilization

Case Real Estate Capital LLC, a commercial real estate investment and financing firm, has launched a new program to provide lower-interest loans for properties that are close to stabilization.

Sanzari tops out new dual-branded hotel in Teaneck

Alfred Sanzari Enterprises is on track to complete a new 350-room, dual-branded hotel in Teaneck by next year, the firm said recently as it marked the completion of vertical construction.

Investors offer $225 million for failed Revel casino, report says

A private investment firm reportedly has offered $225 million to buy the shuttered Revel casino in Atlantic City, although the property’s current owner says no such offer has been made.

Meridian brokers $7.8 million refinance for Jersey Shore hotel

The owner of a Toms River hotel is refinancing for $7.8 million, following a transaction arranged by brokers with Meridian Capital Group.

Rutgers announces 2017 advisory board members

The Center for Real Estate at the Rutgers Business School has unveiled its 2017 advisory board and council of emerging leaders, adding to a roster that has come to include dozens of industry heavyweights and top professionals in New Jersey.