New Jersey

The new logistics facility will provide a large block of modern, ready-to-move-into space in a high-demand market.

Monmouth County is a historically strong retail submarket and home to some of the state's prominent top-performing shopping centers.

"Our expertise lies in identifying and rejuvenating distressed properties, creating a viable asset where there was formerly an obsolete property,” says Terry Frassetto, Saddleback president.

An environmental and business advocacy group's reseach report says an offshore wind farm would create 4,000 jobs and add $730 million to New York's economy.

iStar says it has already invested $300 million and has acquired 35 acres of land in Asbury Park in what has become its chief executive officer Jay Sugarman's 10-year, multibillion-dollar redevelopment plan for the Asbury Park boardwalk area.

"It's not a cookie cutter," PREIT's Joseph F. Coradino says. "The answer tends to be market driven."

Capitol Senior Housing has other holdings in New Jersey, including the newly opened Atria Norwood, Arbor Terrace Morris Plains, and The Chelsea at the Solana Marlboro, and is opening new communities in Mount Laurel and Shrewsbury.

The former chemical manufacturing facility will be redeveloped into a residential rental building with a number of attractive amenities, parking and retail stores.