ATLANTIC CITY-After a dwindling flight schedule in and out of Atlantic City's airport and the takeover of operations by the Port Authority earlier this year, United Airlines has changed the game by scheduling daily nonstop flights to Chicago and Houston.
NEWARK, NJ-In the second plan announced this week aimed at luring out-of-state corporations to the Gateway Center once Prudential departs, the landlord is again focusing on tax-incentive bonuses available under the new Economic Opportunity Act.
NEWTOWN, PA-Lockheed Martin's Space Systems plant here will be closed next year, along with others in Ohio, Arizona and Texas. The closures mean elimination of 2,000 jobs; another 2,000 will be eliminated through efficiency programs.
WEEHAWKEN, NJ-Construction officially begins for two Marriott hotels that will rise next to the Port Imperial ferry terminal, on top of a new parking structure.
NEWARK, NJ-When Prudential moves out of the Gateway Three building beside the downtown train station here, brokers are hoping to replace it with a Manhattan company lured with tax incentives.
JERSEY CITY, NJ-This city is poised to hire a law firm to pursue $400 million in taxes it claims to be owed by the Port Authority, which has refused to discuss "unfair" and outmoded agreements, according to Mayor Steve Fulop..
EDISON, NJ-Approached by a buyer to set up a 1031 tax-exchange buy of an office building, a local broker arranges the trade of a building for which he has been the exclusive leasing agent.
BLOOMINGDALE, NJ-The Avalon Bloomingdale, a 174-unit apartment community that opened here last week, is AvalonBay's first development in Passaic County.