SOMERVILLE, NJ-The project will turn a 70's-era shopping center into a mix of retail, residential, offices and recreational uses. With a contract in place, the only hurdle is final site plan approval.

SOUTH ORANGE, NJ-The funding also covers the acquisition of the 40-unit South Orange Commons. CapitalSource Finance provided the senior mortgage loan, and Soundview provided a layer of mezz financing.

SADDLE BROOK, NJ-The class A asset, which Transwestern bought less than three years ago, is about to be acquired by the New York City-based L&L Acquisitions in a deal expected to close by mid-January.

EAST RUTHERFORD, NJ-The funding, which is in addition to the $65 million Mills and Mack-Cali had earlier agreed to pay for infrastructure work, is part of a $71 million project to expand major roads and ramps in the region.

TRENTON, NJ-The fast-track permitting law, enacted earlier this year and touted as a "smart growth" initiative by the McGreevey administration, has been under steady attack by environmentalists.

WAYNE, NJ-Two private equity firms are reportedly teaming up to submit a bid for the company's ailing toy operations, which are estimated to come with a $3.5-billion price tag.

WAYNE, NJ-The two private equity firms, reportedly, have teamed up to submit a $3.5 billion bid for Toys 'R' Us' ailing retail toy stores.

NEWARK, NJ-Newark Liberty's Terminal B will be the focus of the five-year program, which is aimed at making the facility ready for a passenger count expected to rise to 45 million.