Business leaders are cheering the passage of a new economic development incentives law in New Jersey, following a two-year battle in Trenton and the added uncertainty of the pandemic. Yet some stakeholders are pointing to a far less heralded, less contentious piece of the New Jersey Economic Recovery Act as a key tool for spurring new investments around the state.
A local seafood market has inked a 1,500-square-foot lease at a freestanding building in Westfield, in a transaction arranged by Levin Management Corp.
Prism Capital Partners has picked Newmark Associates as its leasing agent for health care and medical office space at its 21-acre, mixed-use Edison Village project in West Orange.
An automotive group has completed a $55 million sale-leaseback involving a series of dealerships and other buildings in New Jersey and Pennsylvania, in a deal arranged by CBRE.
Adult use of cannabis is now legal in New Jersey, cementing a key piece of Gov. Phil Murphy’s agenda and paving the way for what could be an impactful industry for commercial real estate.
JLL has announced two promotions within its New Jersey capital markets office.
As it continues its overhaul of Newark’s Gateway Center, Onyx Equities has tapped Pierson Commercial as its leasing agent for what will be the complex’s redeveloped retail space.
A locally based bank has acquired a vacant 15,390-square-foot building in Hasbrouck Heights, with plans to use the space for both a new branch and its corporate headquarters.
Levin Management Corp. has announced a new addition to its leasing team to oversee several retail properties in northern and central New Jersey.