Real Estate News

Bank of America is currently building out 17 floors of new office space in Jersey City that is slated to open by the end of the year. Image courtesy Newport Tower. A banking giant is hard at work rapidly expanding their Jersey City footprint as Bank of America is looking to [...]

The basics: Hain Celestial sells North American snacks business for $115 million Buyer Snackruptors acquires brands including Terra chips, Garden Veggie Snacks Sale proceeds will reduce debt, strengthen Hain’s balance sheet Snacks represented 22% of fiscal 2025 net sales amid broader turnaround efforts Hain Celestial Group Inc. is slimming down. The Hoboken-based better-for-you consumer packaged goods [...]

The basics: Senate Labor Committee advances four workforce development bills in Trenton ‘New Jersey Works Act’ (S3593) offers tax credits for employer-funded paid training programs S1381 targets health care staffing shortages by directing NJDOL to recruit unemployed residents Additional measures create $25M Workplace Skills Savings Program, Earn and Learn tax credit initiative A slate of [...]

Trenton-based full-service marketing and communications firm PSC (Princeton Strategic Communications) has acquired Nonprofit Partners. The target is an award-winning agency focused on nonprofit, health care and community coalition clients. The deal brings together two mission-driven firms. It combines PSC’s broad communications and public affairs capabilities with Nonprofit Partners‘ sector-specific expertise. Founded in [...]

Mid Penn Bancorp completed its acquisition of Mount Laurel-based 1st Colonial Bancorp, finalizing the $106.1 million cash-and-stock deal Feb. 27. NJBIZ previously reported on the transaction. It merges 1st Colonial subsidiary 1st Colonial Community Bank into Mid Penn Bank. The deal expands Harrisburg-based Mid Penn’s footprint in South Jersey and the greater [...]

D1 Training is pumping up its presence in New Jersey. The performance-based strength and conditioning concept signed a lease for a 4,500-square-foot space at Somerset Shopping Center in Bridgewater. The location expects to open soon, according to property manager Levin Management Corp. NFL player Will Bartholomew founded D1 Training in 2001. It [...]

A private investor completed an 1031 exchange for a multifamily rental building in Chatham, facilitated by ICON Real Estate Advisors. Cornerstone 2025 LLC acquired the 31-unit property located at 49 S. Passaic Ave. in the Morris County borough for $11.2 million. The seller was Chatham Arms JV LLC. According to ICON, the [...]

The basics: B&G Foods will sell Green Giant US frozen vegetable line to Seneca Foods Deal expected to close Q2 2026 Transaction includes frozen vegetable manufacturing operations in Arizona Sale part of B&G’s strategy to divest non-core brands, reduce debt Parsippany-based B&G Foods Inc. has agreed to sell its U.S. frozen vegetable product line under [...]

The basics: Former NJ First Assistant Attorney General Lyndsay Ruotolo joins Cozen O’Connor Will work in firm’s State Attorneys General group in NYC Previously oversaw 8,000-employee Department of Law and Public Safety Career includes federal prosecutions, major consumer protection cases Former First Assistant Attorney General for New Jersey Lyndsay Ruotolo is joining the ranks at [...]

Jersey City Mayor James Solomon announced a deal March 2 with Kushner Real Estate Group to convert the planned Pompidou Museum site in Journal Square into affordable housing. NJBIZ previously reported on the project to bring a satellite location of the famed French museum to Journal Square. The plan eventually became [...]