Real Estate News

Gov.-elect Mikie Sherrill made her latest cabinet pick Dec. 29, announcing that she will retain New Jersey Department of Community Affairs Commissioner Jacquelyn Suárez. Suárez succeeded the late Lt. Gov. Sheila Oliver, who also held the role of DCA commissioner. Serving as acting commissioner since September 2023, the Senate confirmed her [...]

The basics: Walker & Dunlop arrange $250M financing for mixed-income 22 Fulton project in Newark 396-unit development will include 315 market-rate apartments, 80 affordable units Financing package includes construction debt, preferred equity, permanent loan commitment Project leverages $90M in NJ Aspire tax credits, 30-year PILOT with the City of Newark A mixed-income multifamily project set [...]

The New Jersey Department of Labor and Workforce Development announced Dec. 29 updated benefit rates and taxable wage bases for 2026, reflecting increases tied to statewide wage growth. The changes take effect Jan. 1, 2026. They apply to Unemployment Insurance, Temporary Disability Insurance, Family Leave Insurance and Workers’ Compensation programs. Maximum weekly [...]

1 Mallory Ave is a boutique rental building in Jersey City’s West Side. Sponsored by Christine Ayubi / Corcoran Sawyer SmithPresented by Christine Ayubi of Corcoran Sawyer Smith, 1 Mallory Ave offers elevated style and convenience with modern units complemented by carefully selected amenities, garage parking, and transit only minutes away.Written [...]

The basics: $579M all-stock merger sets OceanFirst, Flushing Financial combination Deal would create regional bank with about $23B in assets, 71 branches OceanFirst secures $225M equity investment from Warburg Pincus affiliates Transaction expected to close in Q2 2026, pending approvals Another New Jersey community bank is poised to expand, with the holding company for OceanFirst [...]

This is the news that generated the most buzz throughout the year. Click through the slideshow above to read the stories again – or for the first time. You can check out 2024’s most-read stories here. The post Top NJBIZ stories of 2025 appeared first on NJBIZ. [...]

Johnson & Johnson finalized its $3.05 billion acquisition of clinical-stage biotech Halda Therapeutics OpCo. Inc. In a Dec. 29 press release announcing the closing, the New Brunswick-based pharmaceutical giant said the move will expand its presence in solid tumors and prostate cancer treatments. New Haven-headquartered Halda was founded in 2019. The company [...]

A New Jersey-born specialty tea company is relocating its operations to a larger space in Bergen County as it looks to grow its eponymous business while expanding further into coffee, spices and honey. Following its recent move into an 80,000-square-foot warehouse in East Rutherford, Adagio Teas expects to hire an unspecified [...]

The basics: Jury awards $1.5B to Maryland woman in J&J talc exposure case $59.8M compensatory, $1.5B punitive damages included Johnson & Johnson plans to appeal, disputes asbestos link, trial conduct Case marks one of the largest verdicts for a single plaintiff against J&J Johnson & Johnson is ordered to pay over $1.5 billion to a [...]

Verisk is terminating a definitive agreement to acquire AccuLynx. The Jersey City-based data analytics and technology provider announced the move Dec. 29. Initially disclosing the acquisition in July, Verisk said at the time it would buy the all-in-one, cloud-based business management software provider in a $2.4 billion cash deal. AccuLynx specifically [...]