New Jersey

On Friday, Sen. Sweeney proposed to tap a total of $500 million from the state Corporation Business Tax, the New Jersey Turnpike and the Clean Energy Fund for the NJ TRANSIT operating budget.

A report released by CBRE found that the vacancy rate for the Central and Northern New Jersey market for the 6.3 million square feet of new construction last year, stood at just 22.2% at the end of 2019.

Last month, RD Management and partner JMF Properties announced five new retail leases totaling more than 88,000 square feet at the Harbor View Marketplace in Bayonne.

The project is part of the larger redevelopment of Hoboken's once-industrial western edge into a vibrant and active pedestrian-friendly neighborhood.

The Murphy Administration reported that it will spend $60 million on affordable housing initiatives across the state in its Fiscal Year 2020 budget. The funding had been diverted in previous years.

The property a 1515 Garnet Mine Road here was sold by Evergreen Private Finance of Washington, DC to New York-based BHN Associates.

Following the closing of the transaction, PersonalizationMall.com will continue to provide product and personalization services to Bed Bath & Beyond and buybuy BABY.

The two-year, floating rate financing deal was provided by Rialto Capital Management on behalf of the Normandy Opportunity Zone.