MORRISTOWN, NJ –Toronto-based Avison Young has significantly expanded its presence in New Jersey with a new, 16,500-square-foot office lease to occupy a full floor in the North Tower of Headquarters Plaza in Morristown.

PHILADELPHIA, PA—Millennials value high quality rental properties more than home ownership, says Bradley J. Korman, co-chief executive officer, Korman Communities, and one of the panelists featured at ALM's RealShare Philadelphia Conference February 10 at the historic Union League Club. Korman argues that multifamily property owners and developers should invest in upgrades to their properties to make them more attractive to Millennials and empty-nest renters who want luxury features and upscale amenities.

MARLTON, NJ—Hill International has promoted three individuals on the company's executive management team. Raouf S. Ghali, of Hill's Athens, Greece office, has been promoted to Chief Operating Officer; Thomas J. Spearing III, of the Marlton, New Jersey office, has been promoted to Regional President (Americas) with Hill's Project Management Group; and Mohammed Al Rais, of Hill's Dubai, United Arab Emirates office, has been promoted to Regional President (Middle East) with Hill's Project Management Group.

Several brokers got exclusive assignments to market properties in Paterson, Fort Lee, and Pennsauken recently.

PHILADELPHIA, PA—Manufacturing activity in the Philadelphia region increased modestly in January, according to firms responding to the Philadelphia Fed's Manufacturing Business Outlook Survey. The survey's current indicators for general activity and new orders fell from their readings in December, suggesting a slower pace of growth.

SOUTH PLAINFIELD, NJ—Prolong Pharmaceuticals LLC, a biopharmaceutical company headed by NJ-trained scientists, is doubling down on its commitment to New Jersey, with the expansion of its South Plainfield manufacturing facility and the addition of new executive and administrative offices at the location. Hear our exclusive audio conversation with company president Glenn Kazo.

NEWARK, NJ—Accelerating urban expansion offers rich investment opportunities, particularly in the areas of urban infrastructure, real estate, an evolving agricultural supply chain, and consumer goods and services, says a white paper from Prudential Investment Management, the $918 billion asset management business of Prudential Financial, Inc. CEO David Hunt says the firm drew on its global investment expertise to identify areas of investment opportunity in the urban core.

KEANSBURG, NJ AND SOUTH HACKENSACK, NJ—NAI James E. Hanson has facilitated a sale and a lease transaction recently. NAI Hanson sold 19-21 Carr Avenue in Keansburg, NJ, to Father and Sons Building and Remodeling, and facilitated a lease for periodicals distributor Publishers Circulation Fulfillment, Inc.'s involving 22,203 square feet at 60 Saddle River Avenue in South Hackensack, New Jersey.