News

The combined 429,671-square-foot, class B office buildings, purchased from Colony Capital, will undergo planned renovations and updates.

The association has kicked in $100,000 as an initial donation.

There is now safe harbor for loan modifications by mortgage-backed securities servicers.

Mag Capital Partners has acquired a pie manufacturing facility in Rochester, New York. The transaction includes a 20-year leaseback of the 42,700-square-foot facility located at 155 Balta Dr. to current tenant SatisPie.

The Chicago-based firm also announced that CEO Brett White, CFO Duncan Palmer, COO Michelle MacKay and president John Forrester will forgo a large percentage of their base salaries.

New Jersey Community Capital, UCEDC, Regional Business Assistance Corporate, Cooperative Business Assistance Corporation, Greater Newark Enterprise Corporation (GNAC) and 1st Bergen Federal Credit Union will be participating in the authority's new CDFI Emergency Loan Loss Reserve Fund.