Economy

"A modern, safe, and reliable mass transit system is the foundation our state needs to grow our economy and reclaim our historic role as the state of innovation," said Gov. Murphy.

Gullbrants has worked alongside DeSalvio since the pre-opening phase of the casino resort.

The fundamentals driving the commercial real estate industry remain positive in many of the top metropolitan markets across the country, including Chicago. We are seeing strong job growth, population growth, and a ramping up of some of corporate America's top companies.

"Today's news is a positive step in the right direction for all of the communities that sit on the Raritan Valley Line," said State Senator Nicholas Scutari. "One seat ride is critical for the continued economic growth of our region."

Renter cost burden is worsening nationally, and Los Angeles ranks sixth on the list of worse markets in the country.

James McDonald of Hercules Investments is not one of the investors predicting a recession in the next 12 months.