Technology

Breaking the mold

As you’ll read in this month’s cover story, a company known as Osmo has filled and activated nearly 60,000 square feet of new warehouse space in Elizabeth, unveiling a cutting-edge headquarters and production hub. The so-called digital scent company, which uses artificial intelligence to create custom fragrances, debuted the space in mid-May after what was an exhaustive but fast-paced search that wound up just south of Port Newark-Elizabeth. That involved several top players in New Jersey commercial real estate, including developers Kurv Industrial and Elberon Development Group. It also involved a skilled design team that helped with the facility’s highly specialized infrastructure, supporting the arrival of a business that has public officials understandably excited.

Finance & Capital Markets

Gutman joins Cresa as managing principal, head of structured finance for data center group

Cresa has strengthened its data center capital markets and advisory team, tapping Robert Gutman lead structured finance for the national platform.

Photos

SLIDESHOW: Profeta Real Estate Center at NJIT launch event

Many of the state’s leading developers and service providers descended on New Jersey Institute of Technology’s Newark campus last week, joining administrators, faculty and students for the launch of the Profeta Real Estate Technology, Design and Innovation Center.

Government & Public Policy

Beating the clock: Rooftop solar developers, landlords race to lock in projects as federal tax credit nears sunset

A key federal incentive for solar projects is due to expire in just over a week, a change that will have major cost implications for an asset class that has become a growing source of revenue for commercial real estate landlords in New Jersey.

Education

Embracing the future: NJIT’s Profeta Real Estate Center launches, with a focus on cross-disciplinary education for a changing industry

New Jersey Institute of Technology marked the official launch of the Profeta Real Estate Center, a program that will combine finance, engineering, architecture and environmental skills in one graduate degree to provide training in all aspects of development and management.

Technology

Startup focused on clean copper extraction takes 15,000 sq. ft. at Kenilworth’s NEST campus

Another startup is coming to the Northeast Science and Technology Center in Kenilworth, where it will lease 15,000 square feet of laboratory space to help bring its technology to market.

Education

NJIT’s Profeta Real Estate Center launching June 23, seeking to reshape real estate education

The Profeta Real Estate Technology, Design and Innovation Center will officially launch next week at New Jersey Institute of Technology, marking the start of what’s meant to be a pioneering cross-disciplinary program to produce the industry’s most well-rounded graduates.

Government & Public Policy

Sherrill taps Hertz-Shargel, leading grid modernization consultant, as next BPU president

Gov. Mikie Sherrill has picked Ben Hertz-Shargel to lead the New Jersey Board of Public Utilities, a move that comes as the state looks to rein in rising energy costs and amid a growing focus on how new data centers and other development will impact the grid.

Office

NVE launches next phase of upgrades, amenities as 600,000 sq. ft. ‘Arena’ campus takes shape in East Hanover

A new office and innovation campus is taking shape in East Hanover, with sweeping exterior upgrades now complete and additional updates underway as New Vernon Equities breathes new life into a piece of a legacy pharmaceutical campus.

Health Care

Johnson & Johnson takes naming rights, expands ties to key incubator space at New Brunswick’s HELIX project

Johnson & Johnson is lending its name to what will be an iconic new public space and a key piece of the emerging HELIX campus in its hometown of New Brunswick.