Columbia Bank sponsors, secures FHLBNY funds for New Jersey affordable housing projects

Investors will build or update nearly 200 affordable housing units in New Jersey with the support of Columbia Bank and newly announced funds from the Federal Home Loan Bank of New York.

Aiming high: A gleaming new office tower is Camden’s next big swing. Officials are now quietly working to get the project started.

Dreams of a building a new 25-story, 500,000-square-foot office tower in Camden still hinge on addressing several complex issues, but officials are confident in the project’s future, citing commitments from several key anchors in the city and the type of cooperation that has helped other large-scale investments in the city come to fruition.

Laying the groundwork

As you’ll read in this month’s cover story, stakeholders in Camden have been quietly working to advance the proposed 25-story, 500,000-square-foot office tower that would be known as the Beacon Building. That’s no easy task, given the post-pandemic office market and complex questions of ownership and financial viability. Yet they’re confident in the project’s future, citing commitments from key anchor institutions and the type of cooperation that has helped other large-scale investments in the city come to fruition.

State program in focus as Michaels, Virtua open new Camden housing with on-site health care

Housing and health care have come together in Camden as part of a new age-restricted, 47-unit apartment building that opened its doors last month.

WCRE: South Jersey plumbing, HVAC business buys 10,000 sq. ft. Camden warehouse

A plumbing and HVAC business has acquired a 10,000-square-foot industrial property in Camden, in a newly announced deal by Wolf Commercial Real Estate.

Judge dismisses state racketeering charges against Norcross, allies in case tied to redevelopment of Camden waterfront

A judge has dismissed the state’s racketeering case against political power broker George Norcross and other key figures in South Jersey, one that stemmed largely from a series of land deals and well-known development projects along Camden’s waterfront.

CRE leaders hopeful after Murphy signs law to boost viability, eligibility of Aspire projects

Gov. Phil Murphy has signed a law to expand the Aspire tax credit program for developers, in part by allowing projects in New Brunswick, Camden and East Orange to secure larger awards, while taking steps meant to help applicants secure construction financing.

Camden officials tease plan for new 500,000 sq. ft. office tower at downtown transit hub

Public officials in Camden have unveiled plans for a new tower that would bring more than 500,000 square feet of office space to the downtown, part of a high-profile effort to revitalize the city’s Walter Rand Transportation Center.

EDA approves $17.7 million Aspire award for Camden affordable housing, health center project

A development group has secured a nearly $18 million state tax credit award for a plan to build 30 units of affordable housing and a new health center in Camden’s Parkside neighborhood.

Norcross, codefendants plead not guilty in racketeering case tied to Camden waterfront

South Jersey political boss George Norcross pleaded not guilty on Tuesday to racketeering and other charges in a high-profile case brought by the state, with prosecutors alleging he and others unlawfully secured lucrative tax credits and property in Camden for their personal gain.