MAHWAH, NJ-The children's book publisher is consolidating its operations and has hired Trammell Crow to sublease its corporate headquarters facility. The owner of the building will also entertain sale offers.

CHERRY HILL, NJ-The Pennsylvania-based developer/owner bought the 100,000-sf Two Executive Center recently and has quickly launched a multi-million-dollar makeover to turn it into class A space.

SECAUCUS, NJ-The controversial $450 million transit project, being developed by a firm that began by erecting billboards, has been limping along, with lenders having been slow to commit.

CRANBURY, NJ-The Associated Press occupies all of the 65,000-sf building within the CenterPoint @ 8A business park. COPT bought it in 1998 and upgraded it for sale.

BRIDGEWATER, NJ-The block of space, being marketed by Grubb & Ellis for Sunbelt Management, is located in the Bridgewater Hills Corporate Center. The owner wants a "blue chip" tenant for the space.

CAMDEN, NJ-The money will go for completion of a pier and further work on the USS New Jersey, which will shortly be opened to the public as a floating museum.

MORRISTOWN, NJ-Matzel & Mumford, a K. Hovnanian subsidiary, has gotten the nod from this city's redevelopment agency to build a new community of 76 residences near George Washington's 1779 headquarters.

PARSIPPANY, NJ-Although asking rents remain stable, sublet availability is reaching critical mass, causing some pressure on taking rents, according to a second quarter report about to be issued by GVA Williams-NJ.