Government & Public Policy
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.

Community
NAIDB gives back with annual Friendsgiving, donations to Elijah’s Promise in New Brunswick

NAI DiLeo-Bram & Co. has continued its long history of community outreach with several initiatives this season, including its support of a well-known nonprofit in New Brunswick.

Industrial
Faropoint, Deugen eye groundbreaking for 195,000 sq. ft. warehouse project in New Brunswick

Faropoint and Deugen Development are set to begin construction on a project that will bring more than 195,000 square feet of new warehouse space to a key corridor in New Brunswick.

Industrial
BRC inks new industrial leases in New Brunswick, Somerset totaling 42,000 sq. ft.

A specialty metals and fiberglass supplier has taken nearly 32,000 square feet of industrial space in New Brunswick, in one of two newly announced deals by Bussel Realty Corp.

Government & Public Policy
EDA approves $45 million in Aspire tax credits for senior affordable housing projects in New Brunswick, West Deptford

The state has announced two new approvals under the Aspire tax credit program, pledging a combined $45.4 million to affordable housing projects in New Brunswick and West Deptford.

Industrial
Ridgecut Road taps NAIDB as leasing team for New Brunswick terminal, warehouse parcel

Ridgecut Road has retained NAI DiLeo-Bram & Co. as its leasing agent for a newly acquired industrial property in New Brunswick.

Photos
Devco tops out $732 million first phase of HELIX campus in New Brunswick (PHOTOS + VIDEO)

New Brunswick Development Corp. on Friday welcomed a crowd of public officials and other well-wishers to the site of its high-profile HELIX project, joining a large team of laborers to top out the first of three buildings at the planned life sciences and technology campus.

Health Care & Education
Devco set to top out first phase of HELIX project, hailing a key milestone with more to come at distinctive New Brunswick campus

The developer of the landmark HELIX project in New Brunswick will mark a key milestone on Friday when it tops out the first of three buildings at the campus, hoisting the final steel beam for the 12-story, 574,000-square-foot structure downtown.

For New Brunswick Development Corp., it’s also a chance to highlight what’s still to come at a facility that will be unlike anything else in New Jersey.

Industrial
Ridgecut Road adds 6.5-acre industrial service, outdoor storage asset in New Brunswick

Ridgecut Road has acquired an industrial service and outdoor storage property in New Brunswick, adding 6.5 acres with a combined 39,000 square feet across three buildings.

Finance & Capital Markets
B&D Holdings lands $23 million acquisition loan for 206,000 sq. ft. Exit 9 industrial campus

B&D Holdings has secured a $23 million acquisition loan for more than 200,000 square feet of industrial space in New Brunswick, brokers with JLL announced Thursday.