ATLANTIC CITY-Less than two months after buying this city's first casino property, Colony Capital has unveiled plans for a 500-room, 30-story tower, with another phase not far behind.

CHERRY HILL, NJ-The four-story multi-tenant office building will become a centerpiece for the ongoing redevelopment of an office park in the Cherry Hill West corridor. The seller was Wellsford Capital Properties, Chatham, NJ.

MONTVALE, NJ-Florida-based owner moves the 190-room hostelry, located in the heart of one of the state's premier business communities, in a transaction brokered by Borrus Associates. The purchase price and terms were not disclosed.

FLORHAM PARK, NJ-Two of the Garden State's top homebuilders plan to play off each other's strengths to develop at least a dozen sites in New Jersey, most of them currently owned by Kushner.

ROSELAND, NJ-Dealmaking is alive and well in the pharmaceutical industry in New Jersey as Organon USA buys the building for just under $50 million. The company will house up to 2,000 employees there.

BRIDGEPORT, NJ-Pep Boys will consolidate its distribution operations in New York State after selling this New Jersey facility to a Boston-based institutional investor for $5 million.

EDISON, NJ-The wholesaler is moving to a new one million-sf distribution facility nearby, making its existing space at Raritan Center available. Colliers Houston is marketing the property.

WILLINGBORO, NJ-The township is teaming with ReNEWal Realty to replace a defunct strip shopping center with a combination of retail, offices and residences, and even a college campus.