Government & Public Policy
A guiding force: Why time with Newark Alliance will loom large for new EDA chief Weiss

Evan Weiss had his reasons for leaving state government in 2021. One of them, he recalls, was “because I started to feel so removed” from the constituents who were affected by the sweeping policies and billions in funds he helped deploy as a top adviser to Gov. Phil Murphy.

He rediscovered that connection as head of the nonprofit Newark Alliance, a role he held for four years — and one that will loom large as he returns to Trenton as CEO of the state Economic Development Authority.

Government & Public Policy
EDA board approves Weiss, former Newark Alliance leader, as its new CEO

Evan Weiss is set to officially take the helm of the New Jersey Economic Development Authority, following a board vote Wednesday to approve him as its next chief executive.

Government & Public Policy
Sherrill taps Weiss to lead EDA, Potosnak as DEP commissioner

Gov.-elect Mikie Sherrill has filled two key posts impacting commercial real estate, naming Evan Weiss as CEO of the New Jersey Economic Development Authority while nominating Ed Potosnak as commissioner of the Department of Environmental Protection.

Government & Public Policy
EDA approves $400 million Aspire tax credit for new RWJBarnabas hospital at Fort Monmouth

Plans to build a new $1.5 billion hospital at the historic Fort Monmouth property are moving ahead with the help of a $400 million tax credit award under the state’s Aspire program.

Finance & Capital Markets
SK, Berger land $250 million in financing for 396-unit Newark rental project, W&D says

A joint venture’s plan to bring nearly 400 new apartments to downtown Newark is advancing with more than $250 million in capital commitments arranged by Walker & Dunlop.

Residential & Mixed Use
Triangle, Incline unveil 400 rentals in sweeping project at East Orange’s Brick Church Station

The first apartments at a major mixed-use project in East Orange have hit the market, with leasing now underway at the collection of 400 homes at NJ Transit’s Brick Church Station.

Technology
CoreWeave begins $1.8 billion data center project in Kenilworth, landing first award under new EDA tax credit program

CoreWeave has started construction on a nearly $1.8 billion data center in Kenilworth with the help of what will be a five-year, $250 million tax credit award under a new state program.

Government & Public Policy
EDA backs Liberty Science Center refresh, expansion with $40 million tax credit award

State officials have pledged their support to a planned expansion of the Liberty Science Center in Jersey City — including more than 100,000 square feet of new outdoor exhibition space — under a $40 million project that would also refresh the museum’s indoor offerings.

Government & Public Policy
Morristown’s Mayo PAC poised for $65 million expansion, update with new state tax credit

The acclaimed Mayo Performing Arts Center in Morristown is set to begin a major expansion and renovation after securing a $65 million tax credit award under a new state program.

Government & Public Policy
EDA approves $359 million Aspire award for new residential, commercial tower at New Brunswick’s HELIX campus

A new project that would bring 265 apartments, office and laboratory space and housing for medical students to the emerging HELIX campus in New Brunswick is moving ahead with a newly approved, $359 million tax credit award under the state’s Aspire program.