New Jersey

The annual 9% federal Low-Income Housing Tax Credits are expected to generate $214.7 million in private investment to create 17 projects totaling nearly $325 million in total development investment.

The complex is currently 94% leased to tenants that include NJ Default Group, LLC, Terminix International Co., The McSweeney Agency and Starlight Homecare Agency.

The US Senate on Thursday passed a spending bill that will provide a total of $86.2 billion to the U.S. Department of Transportation, which will help fund a number of key transportation priorities for New Jersey.

Morre-tec's lease at 181 E. Halsey Road will provide additional space for the selected storage and processing of compounds in conformance with food grade product requirements, NAI James E. Hanson states.

In the fourth quarter, CenterPoint completed three significant acquisition deals in the Northern New Jersey market.

Mack-Cali reports it has sold two suburban office portfolios totaling approximately 2.4 million square feet in Parsippany and Madison, NJ to Onyx Equities.

The Fairfield, NJ-based commercial and real estate development firm completely renovated the 71,300-square-foot building with a new façade with enhanced energy performance including state-of-the-art lighting, glass curtain wall and computer-controlled extremely efficient heating and cooling systems.

Commercial brokerage firm NAI James E. Hanson reports that the 8,500-square-foot vacant Howell Elementary School building was sold by the Board of Education to buyer Michael Tzezairlidis.