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Another key component of the program is to train Individuals for in-demand jobs by connecting educational and training programs to industry needs and preparing adults for high-quality jobs throughout their entire careers.
Its year-end transactions included a $10-million loan to finance the reconstruction of Seaside Heights' historic Belle-Freeman Pier, which was destroyed by Superstorm Sandy and a subsequent fire.
The 184,643 square-foot complex is presently 94% leased to a 38-tenant roster and has recently benefitted from common area upgrades and building improvements totaling nearly $5 million, according to Newmark Knight Frank.
Aside from sweeping rent regulation changes this past June. Another seismic change with respect to residential rental laws and regulation rules could well be on the way: "Good cause eviction."
Nevins, who will be the first woman to serve in the position in the PIDC's 60-year history, will take on the new post on Jan. 27 and will replace current PIDC president John Grady.
"We are gravitating towards certain markets because they forecast long-term population growth and there is an availability of affordable housing units to buy."