News

Loan proceeds will refinance the construction debt on the Financial District property.

The company is also eyeing laying off thousands of employees, according to news reports.

"We are thrilled to provide our marketplace with access to institutional-quality opportunities in the senior living sector," said Keith Lampi, president and chief operating officer of IPC.

The facility currently employs 170 workers and the company expects to double its kitchen staff by the end of next year to fuel its rapid expansion needs.

The Board of Commissioners also approved the first inflation-based adjustments to the agency's tolls, fares and fees since 2015.

One of the highlights of the evening program will be when Anne Evans Estabrook of Elberon Development, Mindy Lissner of CBRE and Diana Fainberg of D.E. Fainberg will be inducted into the NAIOP New Jersey Hall of Fame.

The $70 million multifamily and retail property is located less than 20 minutes from Amazon's future HQ2 location.

Directors Natasha Persad and Justin Scott Long are tasked to enhance Cushman's internal operations and business development.