New Jersey

At a special meeting last week, the board authorized the university administration to negotiate a public/private partnership with the Atlantic City Development Corp. for the development and financing for the phase two housing project.

Invesco, which last week completed the acquisition of MassMutual's asset management affiliate OppenheimerFunds in a deal reportedly valued at $5.7 billion, will be adding 500 jobs and investing $70 million as part of its major expansion in Atlanta.

Svizeny will lead OceanFirst's expansion in the metropolitan Philadelphia market area, which the $8-billiom bank states is a strategic priority.

The $17.3-million purchase was financed by BlueHub Capital, formerly known as Boston Community Capital, using Capital Magnet Funds from the U.S. Department of Treasury, and by Citi Community Capital, using a combination of Affordable Housing Catalyst funds and acquisition bridge debt financing.

Larger trends show office growth is slowing but there are clear signs of expansion in certain submarkets.

The Class-A facility, located at 150 Whitman Ave. in Edison, will feature 36-foot clear ceiling heights, 23 exterior docks, five trailer positions, parking for up to 62 cars, and one drive-in door.