New Jersey

Executives who have built both say developers face multiple challenges when taking on these types of projects.

LYNDHURST, NJ-The plastics maker now owns the building it initially leased as part of a headquarters move. A $7-million loan has completed the deal.

TRENTON-The half-acre parcel near this city's train station has been cleared of buildings. City officials are looking for housing or mixed uses.

'Trenton hasn't made the connection between economic development and real estate development.'

PARSIPPANY, NJ-A new venture headed by Andy Gottesman makes its first acquisition in the form of AVR's 2 Cranberry Rd.

NEPTUNE CITY, NJ-Neptune City Complex LLC sells the 128,000-sf industrial building at 211 W. Sylvania Ave. for $68 per sf.

MOORESTOWN, NJ-A Paradigm-Ashforth fund has acquired the three-building portfolio from Whitesell for nearly $42 per sf.

HARRISON, NJ-The five-phase Harrison Commons is being done by a joint venture that includes Magic Johnson's Canyon Johnson Urban Fund.