Technology

Government & Public Policy
EDA approves $359 million Aspire award for new residential, commercial tower at New Brunswick’s HELIX campus

A new project that would bring 265 apartments, office and laboratory space and housing for medical students to the emerging HELIX campus in New Brunswick is moving ahead with a newly approved, $359 million tax credit award under the state’s Aspire program.

Health Care
First phase of New Brunswick’s HELIX campus enters final stages of construction (VIDEO)

The landmark HELIX NJ project is approaching another milestone, with only six months to go until the district’s first building makes its full-fledged debut in downtown New Brunswick.

People
Brown joins IRG as vice president, director for Pearl River innovation campus

The owner of a 2 million-square-foot research campus just north of New Jersey has tapped commercial real estate veteran Greg Brown as the property’s top executive.

Government & Public Policy
Sherrill, Ciattarelli make their case on permitting, energy as NAIOP welcomes gubernatorial hopefuls

Speaking to a room of New Jersey commercial real estate leaders, the state’s two gubernatorial candidates seemed to be in line on the issues that mattered most to the sold-out crowd.

Exactly how they’d address those issues is where Mikie Sherrill and Jack Ciattarelli differ — or at least how they hope to distinguish themselves from each other. That was evident Monday during a program hosted by NAIOP New Jersey, where the candidates presented on key topics such as permitting, energy and taxes, among many other policy areas that figured to resonate with property owners and their professionals.

Technology
Coming together: Collaboration, partnership in focus as Nokia Bell Labs tower breaks ground in New Brunswick

The groundbreaking for Nokia Bell Labs’ new research and office tower in New Brunswick was a celebration of not just the company’s legacy of collaboration in New Jersey, but the public-private partnerships that have brought the project to life.

Office
Nokia Bell Labs tower set to rise in downtown New Brunswick as executives, officials break ground on new 370,000 sq. ft. facility

The steel frame of a new landmark tower for Nokia Bell Labs will be visible in downtown New Brunswick as soon as next spring, with construction well underway on a facility that will be the technology giant’s home for decades to come.

Technology
JLL: Banking, AI fueling continued growth of New Jersey data center market, despite hurdles

Despite rising energy costs and major capacity shortfalls, New Jersey continues to draw interest as a destination for new data center development.

Government & Public Policy
Murphy supersizes New Jersey community solar program, signs law to add 3,000 megawatts

New Jersey’s pioneering community solar program is poised for a massive expansion under a bill signed into law Friday by Gov. Phil Murphy.

Finance & Capital Markets
Data center capital markets experts Morris, Putnam join Cresa to launch advisory platform

Cresa is launching a capital markets and advisory platform for data centers after adding the well-known brokerage team of Michael Morris, Sumner Putnam and Matt Deutsch.

Technology
Newmark: Onyx, MIG sell portion of NEST campus to CoreWeave for $322 million

Onyx Equities and Machine Investment Group have sold a piece of the acclaimed NEST campus in Kenilworth to CoreWeave — the fast-growing cloud provider that is slated to build a data center at the property — in a deal valued at $322 million.