HOLMDEL, NJ-Two retailers join the list of upscale tenants inking leases at the 235,000-sf Commons at Holmdel, being built on the site of former Lily Tulip paper cup manufacturing plant.

BRIDGEWATER, NJ-Successor to Wellsford Commercial, using its $75 million acquisition war chest, will expand and redevelop the vacant class C property as a class A building.

NEWARK/ELIZABETH, NJ-United Airlines has just opened a 45,000-sf facility--part of the carrier's plans to increase its air freight services nationwide. The project is one of several by J.A. Jones-GMO at Newark Airport.

PRINCETON, NJ-A total of 14 of Summit Bank's top management people will roll over into the same or similar slots within the combined operations with takeover partner FleetBoston Financial.

HILLSBOROUGH, NJ-The last phase is underway for Hillsborough Point, one of the few adult lifestyle communities being built or already in existence in Somerset County, which is among New Jersey's fastest-growing regions.

PHILLIPSBURG, NJ-A Pennsylvania-based developer will do the project, which involves site remediation. State and federal assistance in the form of loans and grants will help the project along.

AVENEL, NJ-Used by the company's electric motor division to make engines for submarines, the existing operation was a casualty of years of relative peace and diminished threat to national security.

NEWARK-Then there were six . . . from a list of 18 bidders, the New Newark Foundation has narrowed the field and is on the verge of picking the preferred developer for a key project in the city's ongoing rebirth.