Top News

Government & Public Policy
LabCorp, Konica Minolta among other major EDA approvals

The state has approved a nearly $40 million tax credit package tied a proposal for LabCorp to modernize and expand its regional headquarters and lab complex in Raritan Borough, while also approving a $29 million incentive to encourage Konica Minolta Business Solutions to expand its existing headquarters in Ramsey.

Office
Broadridge opens 160,000 sq. ft. office at 2 Gateway in Newark

A global financial technology firm has opened the doors to its new 160,000-square-foot office in downtown Newark, now home to a divisional headquarters and some 1,100 of its employees.

Residential & Mixed Use
Advance launches leasing at new-look Hoboken building (SLIDESHOW)

Advance Realty has unveiled a series of upgrades at a two-building, 128-unit apartment complex in Hoboken, which it acquired earlier this year as part of its growing footprint in the city.

Government & Public Policy
Mars, Ralph Lauren among several high-profile companies on EDA agenda

Mars Wrigley and Ralph Lauren Corp. have applied for nearly $65 million in combined tax credits in connection with potential moves to Newark and Nutley, respectively, as the state Economic Development Authority prepares to consider the applications on Tuesday.

Retail
New ownership ditches plan for Sayreville ‘fortress mall,’ report says

A joint venture has scrapped a long-awaited plan to build a futuristic, 2.2 million-square-foot “fortress mall” along the Garden State Parkway, replacing it with a proposal for a mixed-use, urban-style retail village that is more in line with changing consumer tastes.

Health Care & Education
NJIT unveils new 220,000 sq. ft. wellness, events center (SLIDESHOW)

The New Jersey Institute of Technology has taken the wraps off a 220,000-square-foot multipurpose center, the largest piece of a $400 million overhaul of its footprint in Newark.

Industrial
New LG distribution center shows growing strength of Exit 8 industrial market

A developer has opened the doors to a new 410,300-square-foot industrial building in East Windsor that will serve as a distribution center and warehouse for LG Electronics USA.

Office
VREP details new 90,000 sq. ft. lease with Billtrust in Lawrenceville

Vision Real Estate Partners is set to welcome another large corporate tenant to its portfolio, following a 90,000-square-foot lease in Lawrenceville with an invoicing and payment software firm.

Professional Services
Engineering firm looks to drone technology to propel its business forward

Kipcon Engineering has worked to expand and modernize its practice with the use of drones, using the technology for everything from surveying and road repairs to moisture testing and building inspections — providing a new frontier for engineering and construction professionals.

Industrial
CBRE: Rent growth shows no signs of slowing in N.J. industrial sector

Average asking rents across the state’s booming industrial market have eclipsed $6.50 per square foot, continuing a steady climb that is now five years and counting.