TRENTON, NJ-The state Supreme Court today ruled that Gov. Chris Christie cannot eliminate the Council on Affordable Housing and fold it into state government, The COAH has not met or effectively functioned in more than two years while the case was argued.
MORRISTOWN, NJ-Five of six major office transactions in the second quarter involved increased demand for healthcare and life science space, Avison Young reports, and the overall office rate inched down because of it.
TRENTON, NJ-A measure to provide short-term tax relief to towns when a big company departs was rejected by Gov. Chris Christie. The bill was inspired by Roche's shut-down of its Nutley/Clifton campus this year.
ENGLEWOOD, NJ-Two healthcare office buildings sell here, in another sign of a strengthening market despite the delay in implementing a key provision of "Obamacare" that was announced last week.
PLAINSBORO, NJ-The Affordable Care Act will add 40 million people to the healthcare system. New Jersey real estate specialists do not think demand for medical office space will be affected by the delay in implementing a key provision.
MIDDLETOWN, NJ-Jones Lang La Salle cites Memorial Sloan-Kettering's acquisition of the former Lucent property here as an example of a recent uptick in suburban office demand.
RIDGEFIELD PARK-The recent trade of an apartment building continues a 12-month streak in which Gebroe-Hammer has orchestrated $18 million in Bergen County multi-family property sales. Marcus & Millichap predicts vacancy rates will stay at record-low levels.
EAST RUTHERFORD, NJ-Cushman & Wakefield has added industrial properties to its management portfolio in New Jersey recently and is looking to add more..