EAST ORANGE, NJ-A Miami, FL-based developer is negotiating to buy the 2.1-acre site from the city for a reported $500,000, with plans to break ground by the end of the year.

HIGHLAND PARK, NJ-The developer/owner, whose multifamily residential holdings are now in the 24,000-unit range, paid Prospect Investment Corp. $3.2 million for the 46-unit apartment building.

PARSIPPANY, NJ-The company is looking for affiliates, or to set up new firms run by other companies' disgruntled brokers, or to buy existing companies outright--and officials are now naming their target markets

RAHWAY, NJ-Cutting Edge Entertainment will move into its new facility with the help of a $472,500 loan facilitated by the New Jersey EDA.

TRENTON, NJ-The series of bills would give local municipalities more power to control development by imposing impact fees, transferring development rights and other initiatives.

NORTH BRUNSWICK, NJ-In separate transactions here and in Cherry Hill, NJ, properties totaling more than 308,000 sf move into the hands of two private investors.

BRIDGEWATER, NJ-The Pennsylvania-based REIT is spending $106 million to snap up the 11 separate properties, the largest of which is a 537,000-sf building here.

RED BANK, NJ-The 12,000-sf building, built early in the 20th century, will return to its educational roots--it was originally an elementary school in the local public school system.