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Breaking News:

C&W: Advance eyes 524-unit fourth phase in Harrison with new equity partner, $173 million construction loan

Buyer wanted for 298,000 sq. ft. highway power center in Howell, JLL says

Westfield retail building with approvals for new apartments trades for $3.7 million, Kislak says

RXR, Dogdrop ink lease in Jersey City for dog daycare’s first New Jersey location

JLL: Bergman, partners secure $15.4 million loan for Princeton-area office building

EDA adopts changes to Aspire tax credit program amid higher development costs, increased need for affordable housing

EDA adopts changes to Aspire tax credit program amid higher development costs, increased need for affordable housing

by Joshua Burd | Nov 17, 2023

Tim Sullivan, the CEO of the state Economic Development Authority — Photo by Edwin Torres/Governor’s Office By Joshua Burd The state has approved several key changes to Aspire, the tax credit program for developers, as it looks to expand eligibility and ensure its...
State to invest $20 million, partner in development of Jersey City science and tech hub

State to invest $20 million, partner in development of Jersey City science and tech hub

by Joshua Burd | Nov 17, 2023

The eight-story, 120,000-square-foot Edge Works facility at SciTech Scity in Jersey City will house laboratories, research and development spaces, office suites, coworking spaces for startups, a tech exhibition gallery and a modern conference center. — Rendering...
EDA approves $20 million in Aspire tax credits for senior housing projects in Essex, Gloucester

EDA approves $20 million in Aspire tax credits for senior housing projects in Essex, Gloucester

by Joshua Burd | Oct 16, 2023

By Joshua Burd The state has approved another $20 million in tax credits under the Aspire program, clearing the way for developers to build or renovate a combined 164 apartments for seniors in Essex and Gloucester counties. In Newark, the Economic Development...
New EDA grant program to help local agencies buy vacant properties for redevelopment

New EDA grant program to help local agencies buy vacant properties for redevelopment

by Joshua Burd | Oct 13, 2023

By Joshua Burd The state Economic Development Authority has launched a $24 million grant program aimed at helping governmental agencies and nonprofits acquire vacant properties for future redevelopment opportunities. The pilot program, which was approved Thursday by...
Developer lands $90 million Aspire tax credit award for 350-unit Newark rental project

Developer lands $90 million Aspire tax credit award for 350-unit Newark rental project

by Joshua Burd | Sep 13, 2023

A project by Bolton Development would bring 350 apartments, 8,500 square feet of retail space and a 178-space parking garage to the corner of University Avenue and Orange Street in downtown Newark. — Courtesy: Bolton Development By Joshua Burd A developer has secured...
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