Real Estate News

The basics: $125M Lionsgate Newark studio breaks ground as NJ’s first purpose-built film and TV facility Project expected to generate 600+ permanent jobs, $800M in annual economic impact Developers commit to major community benefits, training programs and local hiring 12-acre complex to include soundstages, offices, full on-site production services Officials marked the start of construction [...]

The basics: Rutgers researchers surveyed 5,000 US citizens, +1,700 New Jersey residents on AI use Most NJ adults use AI tools — especially younger and higher-educated users Strong concerns persist about AI in high-stakes decisions and job impacts Majority support strict regulation, transparency and labeling of AI content A new Rutgers University-New Brunswick report examines [...]

During a festive Dec. 11 celebration, NJBIZ unveiled the winners of the 2025 Business of the Year awards.  The nine companies – along with three previously announced Executives of the Year – were honored for their commitment to professional excellence, business growth and their communities.  In October, NJBIZ shared the complete list [...]

Panepinto Properties has officially taken over ownership of a two-tower development along the Hudson River currently under construction. Image courtesy of Elkus Manfredi Architects. One of the largest properties under redevelopment along Jersey City’s waterfront has officially changed hands as the two-tower plan for Harborside 8 & 9 has new owners. Panepinto [...]

CIGNA HEALTHCARE Cigna Healthcare appointed Dominic Viglione general manager for its Middle Market group employer business in New York and New Jersey. In this role, Dominic will guide market growth for clients with 500–2,999 employees by shaping local strategy, enhancing customer value and ensuring product and network offerings align with evolving [...]

The basics: Phiphen spins off Englewood Cliffs post-production studio as newly branded Palisades Post Leaders Conners, Sinisi outline growth across production, media, gaming & services Phiphen and Palisades will collaborate to offer a full production-to-post pipeline Companies see continued expansion as New Jersey strengthens its film and TV sector NJBIZ has exclusively learned that Phiphen [...]

After recently undergoing a rebrand as a modern Italian eatery, Bacarosa in Nutley is closing its doors after less than four months in business. In a Dec. 2 press release, owner GAC Hospitality shared, “The economics of this industry have always been challenging and even more so in recent times.” The group [...]

A premium tequila brand created by actor-comedian Kevin Hart and Juan Domingo Beckmann of Jersey City-based liquor company Proximo Spirits will award $500,000 in grants to diverse entrepreneurs across the U.S. and Mexico. Through an initiative developed by Gran Coramino and national nonprofit Local Initiatives Support Corp., 50 small business owners [...]

The basics: NJ Innovation Evergreen Fund invests in PolyGone Systems, JOGO Health, Hill Research Funding supports cleantech, digital health, AI-driven clinical trial technology Program pairs state capital with venture funds to grow New Jersey’s innovation ecosystem NJEDA recently raised $85M in tax credits to expand future investments The New Jersey Innovation Evergreen Fund continues its [...]

NJBIZ compiled data on organizations that ranked first in all 2025 NJBIZ lists. The companies span across several industries including banking, health care, education, real estate and professional services. In banking and finance, Bank of America has its base in Charlotte with representation in New Jersey through Alberto Garofalo. Affinity Federal [...]