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Governor Murphy nominees Janine G. Bauer and Balpreet Grewal Virk, upon confirmation from the New Jersey Senate, will collectively serve as New Jersey's representatives, along with Jerry Zaro, the current chairman of the Gateway Program Development Corp.
The 230,000-square-foot office property at 25 Vreeland Road was acquired by ACG, according to Colliers International Group, Inc., which represented both the buyer and the seller in the transaction.
While retailers continue to evolve in an effort to meet consumers' changing tastes and experiment with formats and offerings, the process for leasing a space penalizes innovation, says Maven's DeRose.
A passive index on REITs will be over-exposed to such risks, so essentially, investors need to have 'last mover advantage' to diversify properly and actively, says Jonathan Needell in this EXCLUSIVE.
In the arrangement, SL Green will maintain a majority share in the building in the 50/50 joint-venture, leaving the stake range between 45 percent and 49 percent.