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New Jersey had a big third quarter in terms of office leasing, but its success only served to underscore the state's reliance on tax incentive programs for busines recruitment. 
Israel-based Teva Pharmaceuticals announced in July that it will move its U.S. headquarters from the Philadelphia suburb of North Wales to an expanded footprint in Morris Corporate Center III in Parsippany, where it already had a presence. The 345K SF…
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Rockefeller Group Hires Prologis Executive To Lead New Jersey, Pennsylvania Markets
The Rockefeller Group has lured a major executive away from the largest owner of industrial properties in the United States. Rockefeller has hired Mark Shearer as senior vice president and regional development officer in charge of the company's New Jersey and…
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Which Properties Investors Expect To Benefit Most From Opportunity Zone InvestmentsInvestment firms have begun to set up funds to deploy money into opportunity zones, a host of areas designated by local governments that offer tax breaks under a new federal program, but not all properties within a qualified zone will experience the same benefit. Opportunity zone investors have a number of factors to consider before putting money into a property, such as the likelihood of getting a solid return on investment, the ability to quickly navigate the project approval process and the other programs that can be utilized alongside the opportunity zone benefit. |
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Madison Realty Capital Loans $258M To Local Developer For Three Multifamily Projects
Once again, Madison Realty Capital has given a boost to another developer in the form of a big loan. The New York-based firm has loaned $258M to Lakewood-based Accurate Builders and Developers of New Jersey for the acquisition of land and…
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Mattress Firm Claims Its Real Estate Led To Its Bankruptcy. Why Didn't It Mention Its Real Estate Fraud Lawsuit?Mattress Firm claims the real estate it added after buying several competing mattress chains was to blame for its descent into bankruptcy. In its Chapter 11 bankruptcy filing, the company's executives wrote that it has too many stores in redundant locations and would run out of cash by the end of the month if it did not receive bankruptcy protection and close up to 700 stores. Considering the cause of Mattress Firm's financial woes — it cannot afford to pay the rent on the thousands of stores it now operates — it is notable that there is no mention of an ongoing legal battle the company has been waging in Houston federal court. |
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