New Jersey

"It was not the intent of Congress for this tax incentive to be used to enrich political supporters or personal friends of senior administration officials, as recent reports indicate."

Transwestern reports that average asking rents for industrial space in New Jersey rose to $8.59-per-square-foot, marking the largest quarterly increase since the fourth quarter of 2018.

The new hospital, which will be the centerpiece of Valley's healthcare campus in Paramus, will be funded through the issuance of bonds, hospital equity and philanthropic contributions. Valley anticipates the new hospital could open as early as 2023.

The chosen developer will design, build, and maintain a sustainable, mixed-use development consistent with DRWC guidelines. Teams are invited to respond to the RFP to develop one or both sites by Feb. 7, 2020.

The MOU between NJ TRANSIT and the Middlesex County Improvement Authority will provide for the design and construction of a train station at the North Brunswick Transit Village along the Northeast Corridor.

CBRE SVP Gambuzza says the brokerage firm received more than 10 offers. The New York-based buyer's investment was its first multifamily acquisition in New Jersey.

Legacy Investing secured approximately $28.795 million in financing in connection with the Class A office building purchase.

UNIQLO, a Japanese clothing designer and manufacturer, has signed a lease at Bridge Point 78 and will be one of the largest tenants in its six-warehouse, 3.85 million-square-foot complex.