New Jersey

Under the Community Development Financial Institution initiative, the NJEDA will make up to $15 million available to CDFIs to expand their capacity to provide financing to New Jersey small businesses. Applications for the program are expected to be available in September 2019.

The two states created the Gateway Development Commission as a bi-state body to facilitate building the new Hudson Tunnel project.

Other new tenants at the property as of 2019 include Brian Communications, Instructure, PromptWorks , Health Federation of Philadelphia, Armor, DLC Solutions, Wick Capital Partners and others.

Cushman & Wakefield Senior Housing Capital Markets, which acted as exclusive advisor to Homestead Senior Living, LLC, arranged the refinancing transaction with MidCap Financial, of Bethesda, MD, which provided the $57.3-million floating rate first mortgage loan.

“The quality of University Square along with its location and tenant line up brought investors from all over the country,” JLL's Cruz states.

Newark, NJ is also emerging as a technology hub. CBRE reports that total tech occupations grew 9.7% from 2013 to 2018 in the City of Newark.

The first Toys “R” Us stores will be located in The Galleria in Houston, a Simon Mall, and in Westfield Garden State Plaza in Paramus, NJ.

Gains were realized in both the private (+9,600) and public (+600) sectors of the state's economy, according to statistics released by the New Jersey Department of Labor.