Top News

Residential & Mixed Use
Developer breaks ground on 276 apartments in Somerset County

Construction is underway on a new 276-unit apartment complex in Raritan Borough, where a developer hopes to seize on a location just steps from a commuter train station.

Residential & Mixed Use
Reinvention of historic Edison complex nearly complete, as first residents move in

The long-awaited project known as Edison Village is nearing completion and already welcoming residents to its first phase: a new three-story, 34-unit building known as Edison Mews. In the coming months, Prism expects to deliver another 300 apartments when it completes its renovation and reconstruction of the 100-year-old factory complex on Main Street.

Government & Public Policy
EDA: Teva Pharmaceuticals weighing 345,000 sq. ft. in Parsippany

The state has approved a 10-year, $40 million tax credit package to encourage Teva Pharmaceuticals to move its U.S. headquarters from Pennsylvania to Parsippany, where it would lease more than 345,000 square feet to house more than 1,000 employees.

Government & Public Policy
State OKs incentive for E-Trade expansion in Jersey City

E-Trade Financial Corp. could be in line to expand its footprint on the Jersey City waterfront, following the approval Tuesday of a 10-year, $20.1 million tax credit package by the state Economic Development Authority.

Office
Higher and better: Developers making strides in repurposing New Jersey’s vacant, outdated office buildings

Slowly but surely, developers have begun to chip away at one of New Jersey’s most chronic issues when it comes to commercial real estate — the abundance of obsolete, aging office buildings that are no longer considered usable by modern standards.

Retail
Developer completes fourth adaptive reuse project in Paterson

Paramount Assets has completed its adaptive reuse of a historic property in Paterson, debuting renovated street-level retail and new apartments at what had been warehouse space.

Residential & Mixed Use
Walters: 91-unit Seaside Heights project on track to open in early 2019

A new 91-unit apartment building in Seaside Heights is set to open in less than a year, developer Walters Group said, as construction continues on the age- and income-restricted project.

Government & Public Policy
Big-name companies in finance, pharma on EDA agenda for incentives

E-Trade Financial Corp. and Teva Pharmaceuticals have applied for more than $60 million in combined tax credits for proposals in Jersey City and Parsippany, respectively, with the state Economic Development Authority slated to consider their applications on Tuesday.

Office
Biopharma firm moving U.S. headquarters out of New Jersey

French biopharmaceutical firm Ipsen is moving its U.S headquarters out of New Jersey and into Massachusetts, although it said it still plans to maintain a presence in the Garden State.

Hospitality & Tourism
Connell debuts new Embassy Suites in Berkeley Heights (SLIDESHOW)

A developer has opened the doors to a new hotel in Berkeley Heights, aiming to capture demand from the region’s network of life sciences companies and other corporate users.