Top News

Retail
Valley Bank opens new Norwood branch after deal brokered by The Goldstein Group, JLL

Valley Bank has opened the doors to a new 2,800-square-foot branch location in northern Bergen County, having leased the space earlier this year.

Current Issue
Owners Council Q&A: Jack Morris

I’ll always be bullish on New Jersey. As with any market, we may need to endure some ups and downs, but our state’s fundamentals give us a high floor and a very high ceiling. Qualities like access to New York City, a highly trained workforce, great medical facilities and care, an array of recreational assets and municipalities that are attractive to families give New Jersey long-term appeal. Also, citizens value safety and security, and I want to give kudos to the incredible law enforcement professionals who serve our communities in New Jersey each and every day.

Retail
Party City going out of business, plans to shutter 700 stores nationwide

Party City is set to close its roughly 700 stores nationwide, including two dozen in its home state of New Jersey, as the struggling retailer prepares to go out of business.

Industrial
New 1.1 million sq. ft. Sayreville logistics park getting 10.5-megawatt solar project

Rooftop solar panels are coming to a newly built, 1.1 million-square-foot logistics park in Sayreville under an agreement between its developer and a renewable energy firm.

Government & Public Policy
Netflix one step closer to 1.2 million sq. ft. Fort Monmouth hub with $387 million Aspire award

Netflix has taken a major step in its plan to build a 1.1 million-square-foot studio campus at Fort Monmouth, having secured a $387 million tax credit award under New Jersey’s Aspire program.

Retail
Vito Mazza, fixture in downtown Woodbridge, opens new salon at Prism’s Avenue & Green

Prism Capital Partners has welcomed a full-service salon and spa to its Avenue & Green project in Woodbridge, providing a new home for one of the township’s best-known businesses.

Industrial
Mapletree plans 250,000 sq. ft. warehouse after buying fully approved Westampton parcel

Real estate firm Mapletree Investments has acquired nearly 23 acres in Burlington County where it plans to build a 250,000-square-foot logistics facility just off the New Jersey Turnpike.

Government & Public Policy
Netflix lands key local approvals for Fort Monmouth studio campus, with EDA set to consider Aspire award this week

Netflix has secured two key local approvals for its plan to build a nearly $1 billion studio complex at Fort Monmouth, as it awaits a vote this week on what’s poised to be a lucrative tax credit incentive under the state’s Aspire program.

Office
McKinsey unveils new office in Newark after high-profile move to Edison’s Ironside building

McKinsey & Co. has opened the doors to its new office in Newark, where it will house some 700 employees after a high-profile move to the landmark Ironside Newark property.

Professional Services
Jeffrey, Christopher Otteau sell interests in Hudson Atlantic Realty after firm’s 2021 founding

Jeffrey Otteau and Christopher Otteau of Otteau Group Inc. have sold their stakes in Hudson Atlantic Realty Advisors, a commercial real estate brokerage they helped found in 2021.