NEWARK, NJ—City National Bank, one of the ten largest African-American-owned banks in the country and a Newark-born institution, has leased a new 13,000-square-foot location in Newark's historic Hahne & Co. Department Store redevelopment project.
The bank's decision to house its headquarters at Hahne & Co. adds support for efforts to revive downtown Newark and indicates a further commitment from Newark-based companies to support the city, according to L+M Development Partners, which has been redeveloping the complex in a partnership with Prudential Financial and Goldman Sachs.
"We are proud to welcome City National to the mix," says Jon Cortell, vice president of development, L+M Development Partners. "It is appropriate that this iconic building will now include a local banking institution that has been, and will remain, a vital part of the Newark community."
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
