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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.
DELRAN, NJ-The REIT moves one of its only two multifamily residential assets and plan to re-deploy the proceeds into office properties in the Northeast and Mid-Atlantic region.
TRENTON-Both proposals need enabling legislation for their complex financing, but the speaker of the State Assembly has declined to schedule a vote before the end of the current session.
CRANFORD, NJ-The REIT, which has seen its fortunes rise since its proposed merger with Prentiss Properties fell through late last year, will pay out the cash on July 23.
PARSIPPANY, NJ-The pharmaceutical giant isn't cutting jobs or moving out of New Jersey, but a decision to consolidate elsewhere in the state has freed up the big block of space for sublet.
PENNS GROVE, NJ-Owing to unusual state borders fixed in the Colonial era, a proposed slot machine and video gaming barge would be located in Delaware, but directly connecting to New Jersey.
FORT LEE, NJ-An Everest executive addresses the stigma that has become attached to the industry, chiding some of the early players for a "land-grab" mentality that ignored the sustainable business model.
WEST WINDSOR, NJ-The panel will take on economic competitiveness and all of its implications, including real estate development, and will issue a report by the end of the year.