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.

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The best of The Briefing 2021

Dear readers, As we look ahead to 2022, we’re excited to look back at our top stories of 2021, including our most-read items and a few editor’s picks. You can catch up on our daily “best of” emails below. Happy…

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Developer names national leasing director for 400-acre ‘Riverton’ project in Sayreville

The developer seeking to build a $2.5 billion, mixed-use destination at a long-dormant site in Sayreville has tapped a veteran real estate executive to lead its leasing efforts at the site.

Deals
Tech investor sells 10-acre lot near Princeton for $3.2 million, NAI Fennelly says

A developer has purchased 10 acres along Route 1 in West Windsor, where it now plans to build retail space and an extended stay hotel.

Residential & Mixed Use
Developer acquires Teaneck apartment, hotel parcel for $10 million, Marcus says

A development site that could house a new apartment complex or hotel has changed hands in Teaneck, in a newly announced transaction by Marcus & Millichap.

Retail
Kushner taps Pierson as retail leasing agent at Pier Village in Long Branch

Kushner Cos. has named Pierson Commercial as its retail leasing agent at Pier Village, the popular mixed-use, oceanfront development in Long Branch.

Professional Services
Sordoni announces promotion of longtime team member to project executive

Sordoni Construction Co. has named a new project executive after promoting a veteran member of its team.

Hospitality & Tourism
Prism wins key approval to bring Marriott AC, Element Hotel to ON3 campus

Prism Capital Partners has secured final site plan approval to build a 266-room hotel in Clifton, as it looks to further expand the mix of uses at its flagship ON3 campus.

Events
‘Meadowlands Cup’ golf event aims to highlight, build support for destination-based economy

Slated for Aug. 2, the first-ever Meadowlands Cup golf event will bring together business leaders and raise funds to support the Meadowlands 2040 Foundation— with a list of sponsors and participants that includes some of the state’s biggest names in the commercial real estate, construction and service industries.

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C&W: Developer wanted for 271-acre development site at Princeton Forrestal Center

Princeton University is seeking a buyer for more than 270 acres along Route 1, where local officials have approved a broad mix of commercial, research, hospitality and residential uses.

Hospitality & Tourism
Kushner affiliate adds Long Branch parcel, completing site for oceanfront hotel

An affiliate of Kushner Cos. has completed an assemblage in Long Branch to pave the way for the development of a new oceanfront hotel, in a deal arranged by The Kislak Co. Inc.