Real Estate News

Denholtz debuted an industrial redevelopment project in Bridgewater, along with a lease for 21,017 square feet. Northpark at Bridgewater is a 73,429-square-foot Class A building located at 1488 Route 22. Red Bank-based Denholtz announced the project completion, and first tenant, April 20. Occupier DIGI America Inc. provides, installs and services advanced supermarket [...]

The basics: Panelists cite costs, labor shortages, regulation in NJ as key construction constraints Infrastructure availability seen as top factor in development decisions Energy demand tied to growth in pharma, logistics, data centers Aging systems, long timelines slow projects across New Jersey When it comes to building in New Jersey, it seems the only guarantee [...]

The basics: Sherrill unveils first public-facing NJ Permitting Dashboard pilot Tool allows tracking of permits across multiple state agencies Pilot selects up to 10 projects in housing, energy, commercial sectors Initiative aims to cut delays, reduce costs, improve transparency On her 100th day in office, Gov. Mikie Sherrill announced the launch of a pilot application [...]

The basics: The Michaels Organization debuts 81-unit affordable housing community Victory Commons $30M Voorhees Township project serves households earning ≤60% of area median income Financing includes LIHTC equity, NJHMFA loans, Camden County support Development highlights public-private partnership amid NJ housing shortage The Michaels Organization opened Victory Commons in Voorhees Township April 30, introducing 81 units [...]

MarketFair in Princeton is growing its mix of dining and retail options. In a recent press release, the Nuveen Real Estate-owned property announced over 41,000 square feet of new tenants coming soon. Upcoming arrivals include: Activewear brand Offline by Aerie Premium kitchen and bath products manufacturer Kohler Co. Modern Italian restaurant concept LaScala’s Fire Salad-and-bowl chain [...]

The makeup of a corporate tax department has significantly changed over the past 25 years, driven by the influx of technology platforms, the popularity of offshoring responsibilities, constraints imposed by the tax talent gap, and, most notably, the ever-changing corporate tax landscape. Listed below are samples of technical changes in [...]

Transitioning a family business to the next generation is more than just turning over financial and operational control—it represents the continuity of a family’s commitment and purpose and requires thoughtful planning. Family relationships, especially intergenerational ones, can be challenging in ordinary circumstances, but even more so under the stress of [...]

Another wave of layoffs is set to impact Reckitt Benckiser Group’s workforce in New Jersey. In a notice with the New Jersey Department of Labor & Workforce Development, the multinational company said it expects to let go 57 employees by March 2027. According to Reckitt, the reductions will occur at its new [...]

The basics: Novartis progressing on $23B US manufacturing, R&D investment New facilities to enable 100% domestic production of key medicines Expansion spans advanced platforms including gene, cell, RNA therapies 5,000+ total jobs expected across construction, operations A year after announcing a commitment to invest $23 billion by 2030 to boost U.S.-based manufacturing, research and development, [...]

As part of an ongoing global expansion effort, Benjamin Moore & Co. is launching two new independent subsidiaries in the United Kingdom. In an April 30 press release, the Montvale-headquartered premium paint manufacturer introduced the formation of BM Prudhoe Ltd. in England and C&R Scotland Ltd. in Scotland. Founded in 1883, Benjamin [...]