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.

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.

Residential & Mixed Use
With condo project, FEM hopes to bring South Beach to the Jersey Shore

South Beach at Long Branch is more than a year away from opening, but it has already helped fuel new momentum in one of the city’s key redevelopment zones.

The Rundown
Lawmakers OK bill to impose casino license suspension

A bill that is headed to Gov. Chris Christie’s desk would impose a five-year casino license suspension on billionaire investor Carl Icahn, who owns the shuttered Trump Taj Mahal in Atlantic City.

Hospitality & Tourism
Architect unveils 3D animation of proposed Morristown hotel (VIDEO)

Attendees at a recent Morristown planning board meeting were offered a virtual tour of where a developer hopes to build a new 117-unit hotel — thanks to a 3D animation produced by the project’s architect.

Health Care & Education
Industry hopefuls meet industry leaders at career seminar

A career seminar hosted by Montclair State University’s Feliciano School of Business connected attendees with real estate industry leaders in several specialties, including brokerage, property management, value-add investing, development and institutional investing.

Government & Public Policy
Victory for gas tax dedication, failure for casino expansion

Amid the stunning outcome of Tuesday’s presidential election, New Jersey residents voted as expected and overwhelmingly rejected a ballot question to expand casino gaming in the state.