New Jersey

The $19.5-million project will total 17,750 square feet above the hospital's emergency department and will combine heart and vascular services on one floor to address the growing number of procedures performed at the medical center, hospital officials state.

The deal marks Aspen Real Estate's seventh acquisition in Monmouth County. It is also the firm's largest acquisition and Aspen's second large purchase in under 10 months.

Upon completion, Hoboken Heights at 1300 Manhattan Ave. will feature four buildings with 55 luxury residences, including nine penthouses with private elevators and expansive terraces.

Locally-based Nicole Crafts, the parent company of A.C. Moore, announced that it was exiting its retail operations and has hired the retail and real estate divisions of Gordon Brothers to close the A.C. Moore stores located from Maine to Florida.

Upon their acquisition of the Ballantine Industrial Center, Turnbridge and their investment partners immediately began a capital improvement program of more than $10 million aimed at creating a modern and flexible industrial property.

The firm, which offers cutting-edge workout bikes for indoor cycling as well as other fitness related instruments, has taken occupancy of the space and is utilizing its new facility as a warehouse/distribution and fulfillment center.

Grady has been with PIDC, the non-profit, economic development partnership founded by the city and Chamber of Commerce, for 21 years.

The 10-story property was sold to a private investor for $11.6 million, according to Gebroe-Hammer's David Oropeza, who represented the seller and procured the buyer of the 76-unit property.