Real Estate News

The basics: Six New Jersey residents appear on Forbes‘ 2026 World’s Billionaires list, led by John Overdeck with estimated $8B fortune List reached record 3,428 billionaires worth $20.1T, up from $16.1T last year Music icon Bruce Springsteen ranks No. 3,017 with estimated $1.2B net worth. AI-driven stock market gains helped boost fortunes, average billionaire [...]

A Cresa team recently represented Russo Development in a full-building lease for a data center in Carlstadt, NJBIZ has exclusively learned. The confidential tenant will occupy 249,640 square feet at 600 Commerce Blvd. In addition to its proximity to New York City, the property’s immediate and meaningful compute capacity drew the occupant. A [...]

In a matter of weeks, the world will begin descending upon New Jersey. Specifically, the Meadowlands region, as the FIFA World Cup 2026 begins play. The tournament is the world’s biggest sporting event, and key matches – including the final – will be played at MetLife Stadium in East Rutherford. Most [...]

The basics: Gov. Mikie Sherrill proposes a $60.7B FY 2027 New Jersey budget Plan targets structural deficit reduction and fiscal discipline Corporate tax changes and employer health fee draw scrutiny Legislature begins hearings ahead of June 30 budget deadline Gov. Mikie Sherrill delivered the most consequential moment of her nascent administration last week, unveiling a [...]

The basics: Eric LeGrand expanding LeGrand Coffee House with second location New café set to open in Middletown‘s Kings Commons shopping center Expansion follows strong growth at flagship Woodbridge location Partnership with Monmouth County family sparked project Eric LeGrand isn’t slowing down. Following a milestone 2025 marked by a Rutgers-branded bourbon launch and continued growth at [...]

Inside: Our special report on commercial real estate; Gov. Mikie Sherrill unveils a $60.7 billion spending blueprint that drew cautious praise; Eric LeGrand expands his brand again with a new coffee shop; and much more! Click on the cover at left to read the issue as it appears in print. A list [...]

The basics: Author says a cap on Aspire tax credits could stall NJ projects Developers say program is key to financing housing and redevelopment Rising construction costs and interest rates widen project gaps Writer urges Legislature to expand or remove Aspire cap For the first time since the Legislature created the Aspire Tax Credit Program [...]

The basics: Opinion: Kimberly-Clark–Kenvue merger analyzed through antitrust lens Companies operate in complementary consumer health segments Deal projected to generate about $2B in annual cost savings Merger could strengthen New Jersey’s consumer health innovation hub As merger activity begins to rebound after a prolonged slowdown, regulators and the public are once again debating what makes [...]

A collection of your photos from the fun, fruitful, charitable, honorable and miscellaneous happenings in the New Jersey business community. The post Pic Page: March 16, 2026 appeared first on NJBIZ. [...]

A look at recent commercial real estate deals around New Jersey: Multifamily The Kislak Co. Inc. arranged an all-cash 1031 exchange for an 18-unit luxury residential building located at 1209 26th St. in North Bergen, Hudson County, for $6.8 million. Senior Vice President Davis Briones marketed the property exclusively on behalf of [...]