Top News

Finance & Capital Markets
Kearny Bank CEO Montanaro named second vice chair with NJBankers

The New Jersey Bankers Association has appointed Kearny Bank’s top executive as second vice chair of its board of directors.

Professional Services
DIGroup-designed school in Perth Amboy notches LEED silver certification

A Perth Amboy elementary school designed by DIGroup Architecture has earned certification on the U.S. Green Building Council’s Leadership in Energy and Environmental Design scale.

Residential & Mixed Use
Walters plans April delivery for second age-, income-restricted rental building in Branchburg

Development firm Walters has nearly completed the final piece of a new age-restricted apartment community in the Somerset County township of Branchburg.

Residential & Mixed Use
Logical Buildings launches $110 million platform to help landlords capture energy savings

Logical Buildings, a technology firm that helps landlords manage their energy costs, has launched a new $110 million facility for a so-called virtual power plant project that seeks to help apartments owners realize new savings and reduce their carbon footprint.

Editor’s Note
Finding a spark

We all know that developing in New Jersey is not for the faint of heart. Just ask any of the countless builders who have endured delays or scrapped projects altogether in the face of pushback by residents and a litany of regulatory hurdles.

The flip side? A supportive local government can go a long way in sparking new investment, as we’ve seen in what appears to be a growing list of municipalities in our state. That group includes the city of Orange in eastern Essex County, where at least 1,000 luxury apartments have been planned near two train stations with Midtown Direct service. As you’ll read in this month’s cover story, the projects have the potential to breathe new life into the town of 30,000 residents in 2.2 square miles, following decades of struggles despite its prime location on Interstate 280 and just west of Newark.

Professional Services
Kislak sees opportunity in market uncertainty, backed by deep ties and decades of service

Leaders of The Kislak Co. Inc. see a resilient market and sustained demand from property investors in 2023 — despite a short-term slowdown amid rising borrowing costs — arguing that buyers and sellers will still find value in multifamily and commercial assets.

Health Care & Education
Stockton eyes May ribbon-cutting for new 416-bed residence hall in Atlantic City

Stockton University is nearing completion of the new six-story, 416-bed residence hall that will mark the latest addition to its growing Atlantic City campus.

Professional Services
PS&S opens new office in Cherry Hill, its longtime South Jersey home

PS&S has opened the doors to its new office in Cherry Hill, where it will continue to serve longtime clients in southern New Jersey and the Delaware Valley.

Retail
Chip City plans continued growth after recent North Jersey store openings

Gourmet cookie chain Chip City is eyeing some two dozen additional locations this year after opening three new stores in New Jersey since late January alone.

Government & Public Policy
Atlantic City: Developer, city officials sign MOU for $3 billion Bader Field redevelopment

A developer has taken a key step in a bid to transform Atlantic City’s Bader Field, signing a memorandum of understanding with city officials in connection with a nearly $3 billion proposal that includes housing, retail and a racetrack.