HOBOKEN, NJ-The new Economic Opportunity Act incentives programs are already sparking fervent interest in LCOR's mssive rail yards project here, and other incentivized projects are moving ahead.
READING, PA-There has been a surge in interest in Eastern Pennsylvania properties among New York and New Jersey investors, says the Kislak Co., which just sold two buildings in Whitehall and Reading.
TRENTON, NJ-Owing about $30 million to creditors and unable to pay debt service on bonds, the city-owned Lafayette Yard Hotel and Conference Center is asking for a court-structured bankruptcy sale.
TRENTON, NJ-The state Supreme Court struck down the Council on Affordable Housing requirement that any development in a municipality triggers an affordable-housing obligation, as commercial real estate interests have sought.
WAYNE, NJ- Mayor Christopher Vergano is defending changes he made to the proposed redevelopment plan that some residents contend would change the character of the township.
FLORHAM PARK, NJ-As part of a re-positioning of its trophy suburban campus, Park Avenue at Morris County, amenities are being amplified, including new shuttle van service.
CHATHAM, NJ-Cassidy Turley's chief economist Kevin Thorpe says New Jersey's economy has momentum and predicts market fundamentals will move into alignment starting next year, generating full recovery by 2015.
VOORHEES, NJ-HFF obtained a three-year floating rate loan for Lowe Enterprises, which is in the midst of expansion of its rental units at the Abitare Apartments here.
PHILADELPHIA-Hersha Hospitality Trust has signed a definitive agreement to sell 16 of its non-core hotel properties to an affiliate of New York City-based Blackstone Real Estate Advisors for $217 million/