A large Brooklyn-based publishing company is expanding into New Jersey with the planned acquisition of a 256,000-square-foot building in Rahway, thanks in large part to a 10-year, $8.25 million tax credit package from the state Economic Development Authority.
Fintech firm debuts Newark office after move from Manhattan
A financial technology firm has opened its new office in downtown Newark, thanks in large part to a $6.5 million state incentive that helped lure the company from Midtown Manhattan.
Growing fiscal problems demand action
Business as usual is just not possible anymore. New Jersey’s underperforming economy, bloated public sector spending and rising cost of living, along with Congress’s decision to reduce the state and local tax deduction, are forcing our collective hands to do better. There is no better place to start than at home in our local municipalities and school districts, where consolidations and sharing of services can produce both real financial savings and better outcomes. Simultaneously, state and county governments need to do likewise. Taxpaying businesses and residents deserve accountability, and this may require audits of how and where every dollar of taxpayer money is being spent.
Murphy details plans to revamp Grow New Jersey, ERG programs
Amid his sweeping plan to spur a new wave of innovation in the state’s economy, Gov. Phil Murphy has offered a glimpse at what could come of the incentive programs that have helped bolster New Jersey’s commercial real estate market in recent years.
Transit hub markets speed away from competition
Office buildings within the state’s transit hub market record lower vacancy rates and higher rents compared to suburban spaces, according to JLL’s annual research report. Companies continue to pursue office space in proximity to walkable amenity-rich areas and with access to mass-transit options for their workforces and clients.
Incentive program enters final year, drawing concern from CRE sector
With the Grow New Jersey program set to expire in less than a year, the prospect of losing the incentive is already weighing heavily on the state’s commercial real estate market.
Mack-Cali, E-Trade ink 132,000 sq. ft. lease in Jersey City
Mack-Cali Realty Corp. and E-Trade Financial Corp. have completed a lease renewal in Jersey City, where the online brokerage will expand to more than 130,000 square feet.
Report by business, labor groups fights back against criticism of incentives
Amid growing criticism of the state’s incentive programs, a group of prominent business and labor associations are aiming to set the record straight in Trenton.
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.
Fintech firm leaving Manhattan, leases 8,000 sq. ft. in Newark
A financial technology firm will relocate to Newark from Manhattan later this year, following an 8,000-square-foot lease at the historic Hahne & Co. building downtown.
