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
Hard Rock, N.J. real estate families to buy and reopen Trump Taj Mahal for $300M

Investor Carl Icahn has agreed to sell the shuttered Trump Taj Mahal casino to Hard Rock International and two New Jersey real estate families, the buyers said, under a $300 million plan to acquire, renovate and reopen the Atlantic City gaming hall.

Industrial
High-end event space opens at 2M sq. ft. Kearny redevelopment

A project that calls for redeveloping a historic, 2 million-square-foot former shipyard in Kearny has attracted a Manhattan-based operator that will open a high-end event space at the property.

Hospitality & Tourism
Pru Center unveils plans for Grammy museum in Newark

An 8,000-square-foot Grammy museum is coming to the Prudential Center, creating a new cultural destination for the Newark arena as it continues to grow its offerings in the city.

Hospitality & Tourism
Icahn to sell Trump Taj Mahal after spat with lawmakers, despite Christie veto

Billionaire investor Carl Icahn, seemingly frustrated by legislation that would have stripped him of his casino license, says he will sell the shuttered Trump Taj Mahal in Atlantic City.

Professional Services
Design firm names partners for the first time

Five top executives at DMR Architects are now partners in the business, marking a new milestone in the 25-year history of the Hasbrouck Heights-based firm.

Professional Services
Design firm lands new planning role with Belmar

Borough officials in Belmar have tapped DMR Architects to serve as its municipal planner, building on the firm’s existing role as the architect for the Jersey Shore town.

Hospitality & Tourism
Spa complex opens at former Edgewater factory site

A new high-end, 240,000-square-foot spa has opened its doors in Edgewater, completing the redevelopment of another piece of the former Alcoa factory site along the Hudson River.

Hospitality & Tourism
Well-known Somerset County hotel sold for $30 million, HFF says

A real estate investment firm has sold a Somerset County hotel for $30 million, a decade after acquiring the property through a partnership with a former hospitality company.

The Rundown
Report: Council approves tax breaks for NJCU developments

Officials in Jersey City have approved tax abatements for three mixed-use buildings by a private developer at New Jersey City University’s main campus, a published report said Thursday.

Professional Services
New Weichert Commercial unit aims to help investor clients

Weichert Commercial Brokerage Inc. has launched a new platform aimed at assisting clients seeking to invest in commercial real estate, the company announced Tuesday.