Marcus Partners recently secured a site at 35 South Jefferson Road in Whippany and began construction to tear down office space and develop a 72,000-square-foot Class A logistics facility. The project is expected to be completed in the third quarter of 2026 as the firm extends its strategy of identifying change-of-use opportunities and developing in-demand industrial…
Small businesses can still apply for grants of up to $50,000 under a New Jersey Economic Development Authority program that reimburses business owners for a portion of their closing costs after purchasing the commercial property their business operates from. The Main Street Acquisition Support Grant program is designed to boost a small business owner’s liquidity during the…
The United States has a storied legacy of business successes, from tycoons and titans of industry to Main Street “mom and pop” shops. What draws these people to business ownership and how do they succeed? The top reasons cited by business owners, according to the 2023 U.S. Census Bureau’s Annual Business Survey (ABS): to make…
Stay informed on the latest high-tech trends, innovations, and insights shaping today’s world that are emerging from New Jersey’s cutting-edge companies. Next NJ Program – AI – Applications for the New Jersey Economic Development Authority’s (NJEDA) Next New Jersey Program – AI are now open. A $500 million allocation to the program will provide tax credits…
NAI DiLeo-Bram & Co. (NAIDB) has released its Summer Market Snapshot Report for select counties located in Northern and Central New Jersey, revealing a total sales volume across the office, industrial and retail sectors of $1.4 billion in the first half of 2025. While overall sales volume remains below the peak post-pandemic years of 2021-2022,…
Airlines are rethinking how they sell their offerings and service their customers. Understanding common misconceptions about airline retailing could help accelerate growth. Travel not only has recovered but also is exceeding prepandemic levels: In 2024, airline gross bookings reached 115 percent of their 2019 total. At the same time, evolving consumer expectations and behaviors are reshaping…
PARSIPPANY — Another vacant office building in Parsippany is set to come down as part of a joint venture’s plan to construct a new 128,000-square-foot speculative warehouse just north of Route 10. The project, which includes a 30-year Payment in Lieu of Taxes (PILOT) agreement with the Township of Parsippany-Troy Hills, aims to bring long-term…
Adam Sandler’s “Happy Gilmore 2″ is headed to Netflix in July, but before then, he’s working on another movie filming in New Jersey. Sandler, who filmed extensively in the Garden State for his celebrity-packed golf comedy sequel, apparently liked being here so much he decided to go another round. The actor and comedian is producing a Netflix film starring his…
Ferring Pharmaceutical, a global life sciences company specializing in reproductive medicine, uro-oncology and specialty areas within orthopaedics, and gastroenterology, including microbiome therapeutics, held a ribbon-cutting ceremony yesterday for its new 12,000-square-foot gene therapy manufacturing facility located within its US headquarters in Parsippany. The new facility is producing ADSTILADRIN, the first and only FDA-approved gene therapy delivered directly to the bladder for…
