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.

Finance & Capital Markets
LMXD, MCI and Newark Museum secure $94 million in financing for arts campus project

A development team has closed on $94 million in financing for a plan to bring 250 apartments, retail space and a new gallery to the Newark Museum of Art’s campus on Central Avenue.

Hospitality & Tourism
Developer eyes Q1 groundbreaking for Monopoly-inspired ‘Top Hat’ hotel in Atlantic City

A new boutique hotel with a distinctive Monopoly-inspired design is coming to Atlantic City under a project that could break ground in the months ahead.

Government & Public Policy
Trenton to acquire vacant hotel with $4 million grant, one of 12 approved under EDA program

State officials have approved a $4 million grant to help the City of Trenton acquire a vacant hotel property that’s slated to be redeveloped under a proposed mixed-used project.

Finance & Capital Markets
Kennedy Funding provides $1.5 million loan to expand Hudson Valley events venue

The owner of an event space in New York’s Hudson Valley is expanding the venue with the help of a nearly $1.5 million loan from New Jersey-based Kennedy Funding.

Hospitality & Tourism
Connell breaks ground on 60,000 sq. ft. dining, entertainment building at The Park in Berkeley Heights (SLIDESHOW)

The Connell Co. has started construction on a 60,000-square-foot entertainment building that will serve as a focal point of its redeveloped business campus in Berkeley Heights.

Hospitality & Tourism
Sanzari completes major update of Glenpointe Marriott meeting, event space (SLIDESHOW)

Alfred Sanzari Enterprises has unveiled its multimillion-dollar update of the Glenpointe Marriott’s meeting and event space, the latest enhancement of its flagship campus in Teaneck.

Office
Cresa: New Jersey Brain and Spine leases 16,000 sq. ft. at Onyx-owned building in Paramus

A top neurosurgery practice has taken more than 16,000 square feet at a well-known office building in Paramus, brokers with Cresa New Jersey announced Wednesday.

Professional Services
SOSH, design firm behind iconic Atlantic City gaming properties, joins WATG

A global design firm has acquired SOSH Architects, the practice behind scores of well-known casino and hospitality properties in Atlantic City and elsewhere during its 45 years in business.

Finance & Capital Markets
Owner of Motel 6, restaurant property in Mercer County lands new financing, Cronheim says

The owner of a Motel 6 property in Lawrence Township has secured new financing for the asset, in a transaction arranged by Cronheim Hotel Capital.

Top News
NJPAC breaks ground on $336 million campus expansion with 350 rentals, arts education hub

Construction is set to begin on a long-awaited expansion of the New Jersey Performing Arts Center’s campus in Newark, part of a $336 million project that will bring 350 new apartments, office and retail space and a 58,000-square-foot arts education and community center.