Real Estate News

John Gomez holds up a historic photo of the powerhouse. Photo by Darren Tobia. The sight of construction workers at the historic H&M Powerhouse in Jersey City is always a welcome sign to John Gomez. For one, it means the concern about its potential collapse, news of which came from Mayor James [...]

Jersey Mike’s Subs hopes to raise a record-breaking amount for a good cause in March as part of its 16th annual “Month of Giving” campaign. This year, the Manasquan-based fast casual sandwich chain’s 3,200-plus locations across the country are collecting donations on behalf of the 2026 Special Olympics USA Games. Starting March [...]

The basics: iPic Theaters files Chapter 11 bankruptcy in US Bankruptcy Court in Florida Company plans court-supervised sale while continuing operations Fort Lee location remains open; 97 employees received WARN notices Chain lists $10M–$50M in assets; up to $10M in liabilities Luxury dine-in movie chain iPic Theaters is trying to script a comeback through bankruptcy [...]

The basics: Port Authority to test electric self-driving shuttles at Newark Liberty International Airport in spring 2026 Oceaneering, Ohmio, Glydways selected for two-week autonomous vehicle trials Testing supports $3.5B AirTrain Newark replacement, broader airport redevelopment Formal RFP for long-term autonomous shuttle system expected in 2027 The Port Authority of New York and New Jersey will [...]

The basics: Hudson Regional Health plans to suspend Heights Hospital ER Feb. 28 Hospital cites $74M annual loss, cuts to Medicaid and charity care Jersey City Mayor, officials push to maintain ER access Labor leaders urge state intervention to prevent closure Months after pledging to keep a standalone emergency department open at Heights University Hospital, [...]

Joseph A. Tammaro, Jr. joins Provident Bank as Executive Vice President, Head of Middle Market Lending. He will lead the Middle Market Lending Group, overseeing business development, customer relationship management, portfolio performance, credit quality, and risk management. He brings 20+ years of experience, most recently as SVP/Group Head of Metro [...]

The basics: Sherrill warns NJ could face $3B structural deficit if costs aren’t controlled Projected $7.2B surplus could be depleted by FY2027; deficit may reach $750M by FY2028 Governor pledges no new taxes, launches a public budget tracking portal Key drivers include rising costs in Medicaid, pensions, schools, end of federal COVID funds Gov. Mikie [...]

The basics: Bayer sued Johnson & Johnson over advertising claims tied to prostate cancer drug Erleada Lawsuit alleges false claims harmed sales of Bayer’s Nubeqa Dispute centers on real-world data showing a 51% lower death risk with Erleada Bayer seeks injunction, corrective statement and monetary damages under the Lanham Act Whippany-based Bayer is suing New [...]

The basics: Choose New Jersey reports $1 billion in economic impact generated in 2025 Supported 60 company relocations, expansions statewide Helped create, retain 2,500+ jobs Since 2010, Choose NJ drove $13.8B in capital investment, supported 41,500+ jobs Choose New Jersey celebrated its 15th anniversary in 2025. During the milestone year, it generated $1 billion in [...]

The basics: Devils held a homecoming for Jack Hughes at Prudential Center in Newark. Fans celebrated Hughes’ Olympic golden goal and Team USA achievement. $86,000 donated to Hockey in New Jersey in Hughes’ honor. Jersey Shore-themed activations and fan experiences added to the celebration. The buzz from Milan carried straight into Newark Wednesday night. With American [...]