Real Estate News

The basics: Trump orders federal agencies to fast-track cannabis reclassification Marijuana could move from Schedule I to less restrictive Schedule III Change would ease taxes, banking access and research barriers Rescheduling would not legalize marijuana or override state laws The White House is taking steps to ease federal restrictions on marijuana. Under a Dec. 18 executive [...]

The basics: State board approves the relocation Certificate of Need for Monmouth Medical Center RWJBarnabas Health plans a $858M, 252-bed hospital in Tinton Falls Long Branch campus will retain behavioral health, outpatient and ED services Application now advances to acting Health Commissioner Jeff Brown The New Jersey State Health Planning Board voted Dec. 18 to [...]

The basics: Mikie Sherrill will be sworn in as New Jersey’s 57th governor in Newark The Jan. 20, 2026, inauguration will be held at NJPAC, not Trenton Move breaks more than 235 years of New Jersey gubernatorial tradition Essex County turnout played a key role in Sherrill’s election win In a break from more than [...]

The basics: Virtua Health and ChristianaCare terminated their plans to merge Systems said they can best serve communities by operating independently Proposed merger would have spanned four states and 10 counties Decision follows broader slowdown in hospital merger activity Virtua Health is no longer exploring plans to establish a new four-state health system as part [...]

TD Bank is restructuring its Mid-South Metro segment into two new regions – the Mid-Atlantic Metro and Southeast Metro – the Mount Laurel-based financial institution announced Dec. 17.  Curley Effective immediately, the moves aim to “unify service models, accelerate decision-making, and deepen access to expertise that supports clients and communities where they need it most.”  New Jersey [...]

The latest NJBIZ list ranks law firms based on the number of attorneys in New Jersey. Lowenstein Sandler LLP holds the top position with 199 lawyers in the Garden State. The Roseland-based firm operates 70 associates and 83 partners. Gary Wingens serves as the senior executive.  Chiesa Shahinian & Giantomasi PC ranks second with 187 attorneys in-state. Marie Mathews leads the firm, [...]

The basics: Janus Motorcycles collaborates with Bergen CTE students on a real-world racing bike design challenge STS Aerospace expands internships for Hudson County students, building aerospace talent pipeline Both companies named 2025 Business Partners of the Year by NJ vocational-technical schools Partnerships give students hands-on industry experience while supporting workforce development A Janus Halcyon 450 [...]

GN Management has taken over the development rights for Harborside 9 (on the left) and set a timeline for the beginning of construction. Rendering by Elkus Manfredi Architects. A major Jersey City waterfront site has changed hands for the second time this month as a pair of towers at the site [...]

Von Maur Department Stores is making its New Jersey debut. Scheduled to open in fall 2027 at Freehold Raceway Mall in Freehold, the three-level, 164,000-square-foot store will offer a mix of brand-name and specialty apparel, shoes, accessories and gifts. It will also feature the retailer’s “hallmark residential ambiance” that includes plush [...]

The basics: Tim Sullivan steps down as NJEDA CEO after nearly 8 years Final day featured the groundbreaking of 1888 Studios in Bayonne, a significant project for NJ’s film and TV industry Sullivan led NJEDA since 2018, steering pandemic relief and diversified economic growth Deputy CEO Mary Maples named acting CEO as the state [...]