Real Estate News

Doherty Enterprises Inc.-owned Applebee’s Neighborhood Grill & Bar locations are rallying to make the holiday season a little more cheerful for underprivileged kids. Through Jan. 4, 2026, the Allendale-based restaurant group’s eateries in New York and New Jersey seek to raise $250,000 for the Marine Corps Reserve Toys for Tots program. [...]

The basics: Madhav Srinivasan named CFO of Frost Brown Todd ahead of Gibbons merger Srinivasan brings nearly a decade as CFO at Hunton Andrews Kurth, global experience FBT Gibbons merger set for Jan. 1, 2026; will create approximately 800-lawyer national firm New CFO will lead financial strategy, operational excellence,& growth initiatives Ahead of its merger [...]

The basics: Heights University Hospital to close amid financial constraints Hudson Regional Health continues to operate emergency department 24/7 Hospital served the community for 153 years; closure affects multi-specialty services State, regulators remain involved during transition The new owners of Heights University Hospital announced Friday the 153-year-old former Christ Hospital in Jersey City will shut [...]

The basics: Horizon settles NJ False Claims Act allegations for $100M Settlement resolves 2020 contract dispute over state employee health plans Horizon must comply with ‘lesser of’ provision and stop inaccurate EOBs $12M paid to relators; state retains oversight with ongoing reporting requirements New Jersey Attorney General Matthew Platkin announced Friday that Horizon Healthcare Services [...]

The basics: Merck to acquire Cidara for $9.2B, gaining experimental flu antiviral CD388 CD388 is a potential single-dose, universal flu prevention now in late-stage trials Deal offers Merck pipeline diversification as Keytruda patent loss nears in 2028 Acquisition follows Merck’s recent major buyouts, including Verona Pharma for $10B Merck plans to acquire Cidara Therapeutics Inc. [...]

The basics: Bayway Complex generates $21.3B in statewide economic output Nearly $7B added to New Jersey’s Gross State Product in 2023 Complex supports more than 12,000 jobs across multiple industries. NJBIA warns policy decisions will affect Bayway’s long-term viability. A new economic impact analysis by the New Jersey Business & Industry Association and the New [...]

NJ Transit took the latest step in its fleet modernization program. On Nov. 12, the board of directors authorized $917 million to overhaul the existing fleet of 429 multilevel rail cars. This project targets the agency’s Multilevel I and II cars, many of which are nearing 20 years in service. The [...]

Mexican fast-casual restaurant Qdoba is celebrating the launch of its newest restaurant in New Jersey by giving away burritos and bowls every month for a year. Located at 1070 White Horse Ave. in Hamilton Township, the spot is scheduled to hold its grand opening celebration Nov. 17. Following a 10:15 a.m. ribbon-cutting [...]

The basics: Northwind closes $342.5M Health Care Debt Fund II, exceeding $250M target Fund supports financing for skilled nursing, senior housing properties Northwind has transacted $4.6B across 423 properties in 26 states New Jersey remains a key market, with 22 financed facilities covering 3,400+ beds/units Marking the final close on its latest health care debut [...]

The basics: Clinical Group hires Team Lizzack-Horning to lead new medical properties division Brokerage team has completed 200+ office and health care transactions Move expands Clinical Group’s reach in NJ, NY and PA New platform enhances tech-enabled services for health care landlords and investors The Clinical Group continues to grow, building out its staff with [...]