Real Estate News

The basics: Choose New Jersey leads 14 international economic missions under Gov. Murphy Generated 81 agreements with foreign governments, universities & businesses Attracted $13.6 billion in foreign direct investment, created over 27,000 jobs NJ BASE launch works to help international firms enter US market, support long-term job growth As Gov. Phil Murphy’s second and final term [...]

The basics: Mandelbaum Barrett adds all 24 employees from Greenwich-based Ivey, Barnum & O’Mara Expansion establishes firm’s first Connecticut presence Strengthens capabilities in real estate, trusts and estates, litigation, franchise law Mandelbaum Barrett PC continues to expand its team and footprint, following the addition of attorneys and staff from Ivey, Barnum & O’Mara LLC. The [...]

The basics: Turnpike Authority scraps plans for new travel lanes east of Interchange 14A Revised plan adds direct ramps connecting Turnpike to port facilities Changes expected to save about $500 million while improving safety Project funded entirely by toll revenues—with no taxpayer dollars used Gov. Phil Murphy and New Jersey Turnpike Authority Board Chair Fran [...]

The New Jersey Economic Development Authority board approved 10 companies to purchase $85 million in tax credits to support the New Jersey Innovation Evergreen Fund Dec. 19. It marks the fund’s second tax credit auction since its 2022 launch. The NJIEF helps increase access to venture capital for early-stage New Jersey companies, with [...]

The basics: Gov.-elect Sherrill will inherit a $58.8 billion FY2026 budget with a structural deficit Federal Medicaid and SNAP cuts could further strain New Jersey finances Sherrill says she does not anticipate new taxes in her first budget Lawmakers, business groups and experts warn tough fiscal choices loom As Gov.-elect Mikie Sherrill prepares to take [...]

Aiming to support plans for long-term growth and accountability across its global offerings, Prudential Financial is shaking up its senior leadership structure. According to a Dec. 18 announcement from the Newark-based company, the business changes realign the executive structure to streamline operations in its largest markets and sharpen its focus on [...]

The 201-unit multi-phase development The Hazel has obtained refinancing just about a year after completing its buildout. Image courtesy JLL. One of the redevelopments that has proliferated near Liberty State Park in recent years has nabbed a refinancing deal following the buildout of its two phases. JLL Capital Markets announced that it has [...]

The basics: Merck, Bristol Myers Squibb, Novartis, Sanofi join White House drug pricing agreements Deals follow Trump’s most-favored-nation policy to lower US prescription drug costs Companies agree to Medicaid pricing cuts, consumer discounts via TrumpRx Drugmakers will also invest billions in domestic manufacturing, R&D and supply chain security Several pharmaceutical giants boasting a New Jersey [...]

RWJBarnabas Health and reigning National Women’s Soccer League champions Gotham FC have extended their health care partnership. The move continues RWJBarnabas Health‘s role as the club’s official health care provider. Additionally, it deepens a relationship focused on elite athlete care and community impact across New Jersey. Under the renewed agreement, RWJBarnabas Health [...]

New Jersey Business Action Center’s no cost, online training program for aspiring cannapreneurs is now available in Spanish. NJBAC announced the update in a Dec. 18 press release. According to the New Jersey Department of State-run unit, it finalized and completed the Spanish translation of all courses, quizzes and surveys within [...]