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NEWARK-PW Funding puts together the mortgage refinancings, combined into one loan under Fannie Mae's DUS program, for complexes totaling 401 units. The two apartment towers include office and retail space as well.
CHESTER, NJ-A local development group, Guropa LLC, needs a zoning change to move forward with its proposed 64,000-sf project here in Morris County. Part of the site is currently zoned for residential.
WEEHAWKEN, NJ-A new facility will be leased to ferry operator NY Waterway for 32 years as New Jersey tries to expand cross-Hudson commuter service. Most of the funding package is a pass-along of federal transit money.
PRINCETON, NJ-News and media company has grabbed up the space being vacated by Merrill Lynch, which is relocating to a brand-new facility nearby after 20 years at 400 College Road East.
JERSEY CITY-But the event is clouded by rumors that discount broker Charles Schwab, which pre-leased all 575,000 sf of the waterfront building, is already shopping half of its still-to-be-built commitment as sublet space.
JERSEY CITY-Explosive growth, first along the waterfront and more recently in other parts of the city, is forcing officials to consider a new approach to development. The plan would focus on existing real estate functions.
EAST WINDSOR, NJ-The Portuguese pharmaceutical company will move from nearby Princeton to a 30,000-sf facility here that will begin construction later this year. A 2002 completion is slated.
NEWARK-ReNEWal Realty, which specializes in the return of brownfields to commercial or industrial use, has leased an undisclosed amount of space in the Gateway Center complex. The company is relatively new at four years old.
MORRIS PLAINS, NJ-Approvals must be granted first, but 116 residential units are planned to replace the 75-year-old factory, which closed down three years ago. The project will cost $18 million.
NEWARK-The deal would link up the energy systems of New Jersey's largest utility company and the major Midwest utility for a price tag estimated by observers to be in the $5.6 billion range.