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September 5, 2017

New Jersey’s food and beverage industry is growing by leaps and bounds, and the law firm Chiesa Shahinian & Giantomasi PC is the latest business to get involved, forming a specialty Food & Beverage Group aimed at providing counsel to companies...

Tech

Tech solutions firm Symbolic IO names new chairman, interim CEO

September 5, 2017

Symbolic IO, a computing and storage solutions firm based at Bell Works in Holmdel, has a new executive chairman and an interim CEO, it announced recently. The company, which has developed a computational-defined storage solution called IRIS, said in a news release...

Finance

N.J.’s largest credit union, Affinity, combines with NEA Federal

September 5, 2017

Affinity Federal Credit Union announced recently that it has merged with NEA Federal Credit Union, effective Sept. 1, creating what it called one of the largest credit unions in the Northeast United States. The Basking Ridge-based credit union, New Jersey’s largest by...

Finance

Marlin Business Services hires SVP, chief marketer

September 5, 2017

Mount Laurel-based business services firm Marlin Business Services Corp. has named a new senior vice president and chief marketing officer. Aswin Rajappa will oversee all of Marlin’s marketing activities across all of its business units, reporting to CEO and President Jeffrey Hilzinger. “Given...

Finance

Northfield Bank hires EVP, chief administrative officer

September 5, 2017

Northfield Bank has named a new executive vice president and chief administrative officer, the Woodbridge-based bank said recently. In her new positions, Tara French will be responsible for overseeing corporate governance, strategic planning and risk management for the subsidiary of Northfield Bancorp...

Real Estate

Colliers brokers five long-term leases at Bedminster office campus

September 6, 2017

Colliers International NJ LLC Inc. brokered five long-term leases at a Bedminster corporate campus, the commercial real estate firm announced recently. Colliers is the exclusive agent for the property at 1&2 Crossroads, the property at 1 and 2 Crossroads Drive that is...

Health Care

Catalent has deal to manufacture investigational opioid drug

September 7, 2017

Somerset-based Catalent Pharma Solutions announced an agreement that will give it exclusive rights to commercially manufacture an investigational drug expected to help fight opioid addiction. Lofexidine is being developed to lessen the symptoms of opioid withdrawal and help in treatment, and has...

Education

Student Transportation to manage operations for college vendor

September 7, 2017

Student Transportation Inc. increased its service to higher education. The Wall-based company's light Managed Services Group has contracted with affiliates of The Scion Group to manage the transportation system and fleet operations at several student housing communities serving major university campus markets...

Lifestyle

IT services company Stryker names new president

September 7, 2017

Stryker Technology Solutions announced it recently appointed a new president. Lou Esposito, most recently vice president of information technology for Crescent Hotels and Resorts, will lead the Newark-based managed IT services and support company. “Lou is going to take Stryker to the next...

Education

Rowan College at Burlington’s president on unexpected leave

September 7, 2017

The president of Rowan College at Burlington County has taken an unexpected leave. The board of trustees approved paid administrative leave for President Paul Drayton at a special Aug. 30 meeting. Details about the move were left to a closed session. “To accept the...

Health Care

BioReference Labs promotes compliance exec

September 7, 2017

BioReference Laboratories announced a new vice president and chief compliance officer recently. Sandra Cole, previously the Elmwood Park-based company’s compliance and privacy officer, will oversee a department responsible for companywide restructuring of compliance and privacy programs, along with core compliance related to...

Real Estate

Homebuilder Hovnanian is moving from Red Bank to Matawan

September 7, 2017

Hovnanian Enterprises is finding a new home for itself. The homebuilder is moving to Matawan from its Red Bank headquarters, Chairman and CEO Ara Hovnanian announced in a video message sent to colleagues and posted to redbankgreen.com. While the current Red Bank office...

Industry

N.J. adds jobs, ADP says, but lags other states

September 7, 2017

New Jersey added nearly 3,600 private sector jobs in August, according to the ADP Regional Employment Report. But the increase put the state at 27th out of 30 tracked by the Roseland-based company, which includes the District of Columbia. The 0.1 of...

Law

Lowenstein Sandler moves into redesigned HQ

September 7, 2017

The prominent New Jersey law firm Lowenstein Sandler has opened a new Garden State headquarters at the 56 at Roseland property in Roseland, according to co-owner Mountain Development Corp. The 400,000-square-foot office property at 56 Livingston Ave. is a joint venture between...

Real Estate

C&W handling leasing at renovated 9 Polito property

September 7, 2017

Alexander Property Holdings LLC has renovated and rebranded the former Copper Ridge Center in Lyndhurst, naming Cushman & Wakefield the building’s exclusive leasing and managing agent, C&W announced recently. The 271,000-square-foot, Class A property has undergone a multimillion-dollar revamp, and been renamed...

Lifestyle

Destination Maternity CEO is out in wake of failed merger

September 7, 2017

Destination Maternity is changing leadership after a failed effort to merge with a French-based child’s clothing company. CEO Anthony M. Romano and the board agreed he would step down Sept. 7, opening a search to find a new CEO. Allen Weinstein, who has...

Real Estate

South Jersey medical office building sold for $2.4M

September 7, 2017

Medford Medical Center, a 46,400-square-foot medical office building, was sold for $2.4 million recently, according to Colliers International’s South Jersey office. The center, at 103 Old Marlton Pike, Medford, was purchased by the Atkins Cos., a West Orange-based real estate and development...

Lifestyle

Newell Brands pays $75M for Maryland candle company

September 7, 2017

Newell Brands Inc., based in Hoboken, has signed a definitive agreement to acquire Chesapeake Bay Candle from its founders for $75 million, it announced recently. Newell, which makes and distributes a variety of consumer goods, including Yankee Candle, will record the deal...

Health Care

Alaigh, acting VA official and ex-N.J. health leader, unlikely to stay in D.C.

September 8, 2017

Poonam Alaigh, the acting undersecretary of the Department of Veterans Affairs, may not be interested in being appointed to the permanent position, ROI-NJ has learned. Alaigh is likely to remove her name from consideration, according to a source close to Alaigh who...

Finance

Summit’s Specialty Program Group acquires Calif. brokerage

September 8, 2017

Specialty Program Group LLC has acquired a California-based brokerage firm. The Summit-based holding company for specialty insurance underwriting and managing general agent facilities, has taken on Monarch E&S Insurance Services, out of Burbank, California. Terms of the acquisition were not disclosed. Monarch was established...

Health Care

Eli Lilly closing Bridgewater site; 3,500 U.S. jobs affected in shakeup

September 8, 2017

Eli Lilly and Co. will close its Bridgewater facility as part of streamlining efforts expected to save about a half-billion dollars annually beginning next year. The plan is to focus resources on developing new medicines and improving its cost structure. About 3,500 positions...

Industry

South Jersey energy service firm sells HVAC, plumbing operations

September 8, 2017

South Jersey Energy Service Plus’ site in Hammonton has been bought by a Connecticut home-energy repair service. HomeServe USA will take over SJESP’s HVAC and plumbing operations, where 28 people are currently employed. “There are no changes anticipated to the site, but we...

Lifestyle

State Theatre of N.J. names SVP Gewirtz its acting CEO

September 8, 2017

The State Theatre New Jersey has named an acting CEO and president, following the departure of the current CEO. Anna Marie Gewirtz, senior vice president and chief of external affairs, will serve in place of Thomas J. Carto, who had been CEO...

Health Care

Englewood Hospital adds CIO amid record system transition

September 8, 2017

Englewood Hospital and Medical Center has named a chief information officer as it transitions to a state-of-the-art, integrated electronic medical record system, it announced recently. The Englewood hospital said in a news release that Ravikanth “Ravi” Koganti will serve as vice president...

Health Care

ROI-NJ Exclusive: Norcross explains Cooper’s deal for Trinity hospitals

September 11, 2017

Cooper University Health Care recently announced a letter of intent to acquire three New Jersey hospitals from Michigan-based Trinity Health to create what would be, if the deal receives regulatory approval, the fourth-largest health system in the state. Trinity Health’s New Jersey...

Opinion

Introducing ROI-NJ: A disrupter in business media based in N.J.

September 11, 2017

Why did you decide to be based in New Jersey? It’s a question I’ve asked hundreds of business leaders over the past four years as a business journalist. And, now, it’s one I get to answer. ROI-NJ, a multimedia business portal and publication, is...

Real Estate

Demolition clears way for 1M sq.ft. of development in Perth Amboy

September 11, 2017

Demolition is under way as the former ASARCO property in Perth Amboy is cleared for an additional 1 million square feet of modern industrial buildings. Perth Amboy Mayor Wilda Diaz kicked off the razing Aug. 30, marking the start of the second...

Health Care

Morristown life science services firm picks new managing director

September 11, 2017

Morristown-based QPharma has named a new managing director. Badal Shah will oversee development for key opinion leaders, or KOL, and targeting. Shah already established a KOL and thought-leader engagement practice, according to the company, which provides compliance and commercial services to the life...

Finance

Gallagher bolsters Morris County office with deal for insurance agency

September 11, 2017

International insurance brokerage Arthur J. Gallagher & Co. has acquired a Flemington-based insurance agency. Franklin-Case Agency’s L. Kipp Case, Anthony “Butch” Franklin and their associates will move from Flemington in Hunterdon County to Gallagher’s Whippany, Morris County, office. Franklin-Case is a full-service property/casualty...

Real Estate

Remembering Jerry Gottesman: An influence in Newark for six decades

September 11, 2017

Jerry Gottesman was a presence in Newark for more than 60 years. As the co-founder and chairman of Edison Properties, Gottesman controlled many key areas of real estate in the city and was involved in more discussions with business and political leaders...

Industry

Returning the favor: N.J. utilities sending personnel to Fla. to assist

September 11, 2017

The heads of New Jersey’s largest utilities didn’t have to wait for Hurricane Irma to reach the United States before offering assistance. Five years after facing the impact of Superstorm Sandy, they know firsthand the challenges their counterparts in Florida were going...

Health Care

Cooperman pavilion will elevate Saint Barnabas, health system says

September 12, 2017

RWJBarnabas Health recently unveiled its newest, 241,000-square-foot addition to the flagship Saint Barnabas Medical Center in Livingston. The Cooperman Family Pavilion, named for Millburn residents Leon and Toby Cooperman, includes 114 new private rooms, a 56-bassinet neonatal intensive care unit, a number...

Politics

Atlantic City remains important for Whelan’s Senate successor, Colin Bell

September 12, 2017

Atlantic City lost its biggest supporter in the state Senate last month with the death of Jim Whelan. Now, as the struggling city prepares for a long-sought financial turnaround, the man he introduced to politics takes over his seat in the Legislature...

Education

Financing for New Brunswick PAC is complete — and we’ve got the details

September 12, 2017

Chris Paladino sums it up this way: New Brunswick’s ability to land a state-of-the-art $171.8 million performing arts center — one of the biggest public-private partnership deals in state history — is aided by government’s ability to be flexible and helpful...

Law

What can N.J. offer Amazon? ROI-NJ asked an expert (hint: it’s a lot)

September 12, 2017

When Amazon officials announced last week that they were looking for a location for a second headquarters, government officials and municipality heads across the country began making a pitch to land one of the nation’s biggest and fastest-growing companies. The winner will...

Politics

State chamber, NJBIA to head Affordability Summit later this month

September 12, 2017

Michele Siekerka acknowledges that affordability means different things to different people. “For someone contemplating retirement, it’s about what you’re going to tax on my retirement income,” she said. “For a small business owner, it’s about what you need to pay to run...

Education

8 N.J. colleges make prestigious U.S. News list (Princeton is No. 1 again)

September 12, 2017

Princeton is No. 1 … again. Princeton University topped the all-important U.S. News & World Report college rankings for the seventh straight year. The rankings, which were released Tuesday morning, included eight schools from New Jersey, including Rowan University, which made the national...

Politics

Murphy says N.J. would be perfect for Amazon HQ2: ‘Period. Full stop’

September 12, 2017

Democratic gubernatorial candidate Phil Murphy made a case Monday afternoon for e-commerce giant Amazon to make New Jersey the home of its second headquarters. In a 10-minute conference call, during which he did not take questions from the media, Murphy invoked New...

Opinion

Holtec’s grand opening is grand moment for incentive programs

September 12, 2017

For all of the positives that came out of Holtec International’s ribbon-cutting ceremony last week in Camden — and that starts with the soon-to-be 2,000 jobs that will help jump-start the depressed economy in an important area for the state —...

Opinion

Rankings should be wake-up call for higher education in New Jersey

ROI-NJ Editorial Board -

September 12, 2017

Well, for the seventh year in a row, the U.S. News & World Report Best Colleges rankings have Princeton University in the No. 1 spot for best national universities. Great news for New Jersey, right? Eh, not necessarily. While Princeton has made great strides...

Health Care

Horizon shifting hospitals between OMNIA alliance, plan tiers

September 12, 2017

Horizon Blue Cross Blue Shield of New Jersey has been silently shuffling hospital tiers within its OMNIA Health Alliance and plan, which is still facing limited opposition, ROI-NJ has learned. Alliance members, which included some of the state’s largest health systems and the...

Health Care

Atlantic Health settles property tax case between Chilton, Pequannock

September 12, 2017

The precedent-setting Atlantic Health System settled yet another property tax dispute for one of its hospitals, this time in the Township of Pequannock. AHS has agreed to pay the township more than $700,000 for outstanding property tax appeals for 2014-2017 related to Chilton...

Health Care

Integra selling some neurosurgery assets for $47.5M

September 13, 2017

Integra LifeSciences Holdings Corp. has signed an agreement to sell certain neurosurgery assets to Natus Medical for $47.5 million. The product lines made about $50 million in revenue last year. The deal is contingent on the consummation of Plainsboro-based Integra’s proposed acquisition of...

Health Care

Phibro Animal Health buys Argentine company

September 13, 2017

Teaneck-based Phibro Animal Health Corp. is expanding its business with the purchase of an Argentine developer, manufacturer and marketer of animal health and nutritional products. The purchase of Biotay S.A. also will give Phibro new opportunities in a growing segment of the...

Real Estate

Sunrise Supply moves to new site in Carlstadt

September 13, 2017

Sunrise Supply has relocated within Carlstadt, leasing 11,000 square feet of warehouse space on Commerce Road, according to building owner Key Properties. Sunrise Supply, which provides products to the paper industry, will be a tenant in the 30,000-square-foot facility at 150 Commerce...

Tech

Jersey City hosting and colocation firm is being purchased by rival

September 13, 2017

Rackspace is buying Jersey City-based Datapipe, one of its biggest competitors, to expand its managed services, hosting and colocation. The deal, whose financial terms weren’t disclosed, is expected to be completed by the fourth quarter. Texas-based Rackspace’s biggest purchase in its history will...

Tech

NJII exec leads way as drones check cell tower damage in Houston, Fla.

Brett Johnson -

September 13, 2017

Bill Marshall sounded beaten down after near-sleepless nights planning for an emergency situation — a last-minute need for inspections of cell towers in the hurricane-hit Houston region, and then suddenly in Florida, as well. Can you blame him? He's human. Fortunately, the tools...

Finance

Chubb promotes Global Casualty executive to EVP

September 13, 2017

The country’s largest commercial insurer has announced a new executive vice president. Lou Capparelli will serve in Chubb's Global Casualty business unit, which covers domestic and foreign casualty insurance coverage for national and multinational companies within the North America Major Accounts division. Capparelli...

Health Care

Biopharma firm Amarin names first chief commercial officer

September 13, 2017

Amarin Corp. announced a new position that will help build the biopharmaceutical company’s revenue growth as its first FDA-approved product is available by prescription. Mark W. Salyer is Amarin’s first chief commercial officer. He was an executive vice president and general manager...

Politics

Murphy leads Guadagno, 58% to 33%, in latest Quinnipiac poll

September 13, 2017

Democrat Phil Murphy is leading the race for governor by 25 percentage points, 58 percent to 33 percent, topping his Republican adversary in every category except with her own party, according to a Quinnipiac University Poll released Wednesday. Lt. Gov. Kim Guadagno...

Real Estate

Zimmel announces lease signings in Edison, Clark

September 13, 2017

An Edison-based real estate firm has announced three leases totaling 84,000 square feet. EOS Energy Storage signed a 10-year lease for 3920 Park Ave. in Edison, Zimmel Associates said Wednesday. The building is owned by United States Land Resources of Morristown. “This building was...

Lifestyle

Entertainment product company leases 76K sq.ft. in South Plainfield

September 13, 2017

The Gradus Group LLC, a photo, video and entertainment product company, has leased more than 76,000 square feet of industrial space in South Plainfield, according to real estate services firm Bussel Realty Corp. Bussel, based in Edison, said The Gradus Group signed...

Lifestyle

United adds nonstops from Newark to two more European destinations

September 13, 2017

United Airlines announced Wednesday it has added two new seasonal nonstop flights, from Newark Liberty International Airport to Porto, Portugal, and Reykjavik, Iceland. The flights will begin next May and continue through October. The nonstop to Porto, Portugal, will depart Newark at 9:45...

Health Care

ROI-NJ Exclusive: LeBenger details national expansion plans for Summit

September 14, 2017

Dr. Jeffrey LeBenger, CEO of both Summit Health Management and Summit Medical Group, is taking his brands national. LeBenger announced expansion into Oregon and Arizona on Thursday. And that’s just the first step. LeBenger, in an exclusive interview earlier this week, told ROI-NJ he already...

Lifestyle

Getting it right: EWNJ to honor N.J. firms with most women on boards

September 14, 2017

For Michellene Davis, it’s all about the numbers. The more women companies have on their corporate boards, the more money companies make. It’s as simple as that, studies show. Davis was touting one of the findings in “A Seat at the Table,” the...

Real Estate

Logistics firm leases 181K sq.ft. at Linden industrial building

September 14, 2017

ASA Apple Inc., a transportation and logistics firm, has leased more than 180,000 square feet of industrial space in Linden, according to real estate services firm Colliers International NJ LLC Inc. Colliers said Wednesday in a news release that ASA Apple, which...

Real Estate

Lindenwold apartment complex sells for $7.5M, Gebroe-Hammer says

September 14, 2017

Gebroe-Hammer Associates has arranged a $7.5 million apartment sale in Lindenwold, it announced Thursday. The real estate services firm said in a news release that ARD Lindenwold LLC sold the 148-unit Summit Place garden-style complex located at 411 E. Gibbsboro Road to...

Politics

EDA OKs $15M in incentives for pair of N.Y. food firms to move to N.J.

September 14, 2017

The New Jersey Economic Development Authority on Thursday approved Grow New Jersey tax credits that could lure two New York food manufacturers to the state, it announced. Brooklyn-based Gourmet Nut Inc., a maker and distributor of nuts and other snack foods, was...

Industry

Honeywell’s global security, fire units get new presidents

September 14, 2017

Morris Plains-based conglomerate Honeywell has named new presidents for its global security and global fire businesses, it announced. Richard “Rich” Lattanzi will serve as the leader of the global security business, while Dino Koutrouki will serve as the leader of the global...

Health Care

NuVision names regional VP to oversee two S. Jersey facilities

September 14, 2017

NuVision Management announced its new South Jersey regional vice president to oversee both Weisman Children’s Rehabilitation Hospital in Marlton and Voorhees Pediatric Facility. In his new role, Mike Rosiak will oversee financial and operational elements of both, and expand the relationship between...

Industry

NJMEP names finalists for 2017 Manufacturing Awards

September 14, 2017

Three individuals and 21 companies were named finalists for the 2017 Manufacturing Awards. The awards, given by the New Jersey Manufacturing Extension Program, will be announced at the sixth annual “Made in New Jersey” Manufacturing Day, Oct. 6, at the Bridgewater Marriott. Awards...

Politics

Could high cost of housing sink N.J.’s chance at Amazon HQ2?

September 15, 2017

Amazon is the crown jewel that everyone is after. But Anthony Marchetta, executive director of the New Jersey Housing and Mortgage Finance Agency, believes the state lacks adequately affordable housing offerings to be in the running. Marchetta spoke on a panel with several...

Education

At Stevens, Carnegie Corp. award for president comes with $500K grant

September 15, 2017

Stevens Institute of Technology President Nariman Farvardin was one of seven college and university presidents selected by Carnegie Corp. of New York to receive the 2017 Academic Leadership Award, in recognition of exceptional leadership in higher education, the corporation announced. The award...

Finance

Peapack-Gladstone Financial acquiring Fairfield firm Quadrant

September 15, 2017

Peapack-Gladstone Financial Corp. is expected to buy a Fairfield boutique financial firm by the end of the year. Peapack-Gladstone, the Bedminster-based parent company of Peapack-Gladstone Bank, says it expects immediate earnings after the undisclosed purchase costs for Quadrant Capital Management. Quadrant, founded in...

Lifestyle

Women’s shoe firm Aerosoles files for Ch. 11 bankruptcy

September 15, 2017

Women’s footwear company Aerosoles has filed for Chapter 11 bankruptcy in Delaware, the company announced Friday. The nearly 30-year-old Edison-based company will continue to manage its stores and operate its businesses. "This restructuring will enable Aerosoles to become a stronger, more vibrant brand,...

Politics

N.J. employment stays level; unemployment rate rises

September 15, 2017

New Jersey employment remained stable in August, with the addition of just 200 jobs, preliminary estimates from the federal Bureau of Labor Statistics show. The unemployment rate still was half a percentage point lower than this time last year. The rate increased...

Politics

Female CEOs of top companies: There’s good news — and bad news

September 15, 2017

Michele Siekerka opened the women business leaders forum, “Unlocking the C-Suite,” with good news Friday morning. “There’s so much good news about unlocking the C-suite and women rising to the C-suite and the boardroom,” said Siekerka, the CEO and president of the...

Politics

Creating path for female execs: It’s more about inclusion than exclusion

September 18, 2017

There are still a number of problems executive women face in the workplace, despite greater awareness in recent years. That was evident by a panel Friday at a New Jersey Business & Industry Association’s Women Business Leaders Forum in Somerset, moderated by...

Politics

How do you diversify your board? Simple answers, complex problem

September 18, 2017

Finding women and minorities to fill nonprofit board seats should not be hard in New Jersey. That’s what Amy Mansue, president for the Southern Region of RWJBarnabas Health, said during a panel on the topic at the recent New Jersey Business &...

Health Care

South Jersey’s Kennedy and Philly’s Jefferson finalize health care merger

Jim Barrood, CEO and president, New Jersey Tech Council -

September 18, 2017

South Jersey-based Kennedy Health System and Philadelphia-based Jefferson Health finalized their merger last week, and the two organizations plan to unveil a new logo next month for Kennedy. The merger is one Kennedy desired, and was done out of an interest for...

Opinion

Amazon and New Jersey would be perfect together

September 18, 2017

Amazon should choose New Jersey for its vaunted HQ2. In the end, we won’t offer the biggest package of incentives nor the lowest cost of doing business. But Amazon should (and likely will) come for three reasons: talent, location and play. Talent More than 500,000 of...

Tech

V12 Data promotes exec to SVP of data services, initiatives

September 18, 2017

V12 Data has promoted its vice president of transformation to senior vice president of data services and special initiatives. Jewell Kinnison will be responsible for overseeing the Red Bank company's data delivery services, as well as special project initiatives across the company. "Jewell...

Finance

First Bank, Bucks County Bank wrap up their merger

September 18, 2017

First Bank has completed its merger with Bucks County Bank, expanding the Mercer County-based institution’s reach in Pennsylvania. Taking over the Doylestown, Pennsylvania, bank will add four full-service locations in Doylestown, Warminster, Bensalem and Levittown, Pennsylvania. That adds to the Hamilton-based bank's...

Education

Rutgers Business School team wins $1M ‘Nobel Prize for students’

September 18, 2017

A Rutgers Business School team’s transportation plan to return dignity to millions of refugees garnered it the $1 million Hult Prize for social entrepreneurship this weekend. The prize is often referred to as the Nobel Prize for students. The four-person team beat out...

Health Care

Morris County dementia care facility sold, IMG says

September 18, 2017

A family-owned dementia care facility was sold Monday. The Country Home, in Morris County, is the fourth deal in the senior care industry that IMG Business Advisors completed in the past year. The buyer was referred to only as “a prominent multilocation buyer...

Politics

Affordability Summit: Soaries details need to resolve many issues at once

September 18, 2017

The Rev. DeForest “Buster” Soaries has seen how government, the private sector and the nonprofit sector can work together in New Jersey. And he’s seen how often they do not. As the former New Jersey Secretary of State and the current pastor of...

Industry

Manufacturing Caucus’ first meeting is Tuesday in Paterson

September 18, 2017

The bipartisan legislative Manufacturing Caucus will hold its first meeting at 10:30 a.m. Tuesday in Paterson, it announced recently. The meeting, in the Rogers Meeting Center, 32 Spruce St., will include presentations on the challenges and opportunities facing New Jersey’s manufacturing industry. Speakers...

Real Estate

At Kearny Point, helicopter photo firm expands its space

September 19, 2017

Kearny Point’s historic shipyard is expanding in the air. NYONair announced Monday that is has opened a 10,000-square-foot storefront at Kearny Point that will house operations for its FlyNYON, which allows people to shoot professional-style photos from an open-air, doors-off helicopter. The company...

Real Estate

Kushner Cos. pays $190M for Plainsboro apartment complex

September 19, 2017

Kushner Cos. has bought a 1,032-unit apartment community in Plainsboro in a deal valued at $190 million. The purchase returns the 52-acre Quail Ridge to Kushner, which sold it 11 years ago. It’s part of a strategic plan to acquire residential and commercial...

Lifestyle

LWE to honor female marketing, media stars at Top 25 Brand Builders

September 19, 2017

Linda Wellbrock knows the numbers. While 41 percent of the early-stage professionals the marketing and media space are women, only 25 percent of those make their way to the top. It’s just one of the reasons why Wellbrock, the founder and CEO of...

Industry

Toys R Us files for Ch. 11 bankruptcy, hoping to launch ‘new era’

September 19, 2017

Toys R Us has filed for Chapter 11 bankruptcy in a move the company says will restructure $5 billion of long-term debt. Calling it a “new era at Toys R Us,” Chairman and CEO Dave Brandon said, “We expect that the financial...

Real Estate

Mack-Cali unveils $75M capital transformation of Harborside district

September 19, 2017

Jersey City’s waterfront got a multimillion-dollar investment promise this week. Mack-Cali Realty Corp., which develops office and multifamily properties on the Waterfront, announced a plan to invest $75 million to transform Harborside into a cultural district. It is the most recent step in...

Finance

NJM’s Flynn on preparing for hurricanes, future of flood insurance

September 19, 2017

As New Jersey residents brace this week for the potential impact of Hurricane Jose, New Jersey Manufacturers CEO Bernie Flynn said his company is ready to handle any claims that are the result of the storm. And New Jersey Manufacturers, he said,...

Politics

At Affordability Summit, Guadagno maintains her focus on property taxes

September 19, 2017

Not only is New Jersey the state with the highest taxes, people who work in the state are now moving to neighboring states to avoid high property taxes, according to Lt. Gov. Kim Guadagno. “You can find a job here now, but...

Health Care

Christie unveils $200M, 25-initiative plan to fight N.J.’s opioid crisis

September 19, 2017

Gov. Chris Christie unveiled his plan to fight the opioid crisis in New Jersey on Tuesday afternoon, discussing some of the 25 new initiatives he will implement at a cost of approximately $200 million. Speaking at Integrity House in Newark, Christie said...

Opinion

Opioid fight could be as successful as battle against AIDS if done right

ROI-NJ Editorial Board -

September 19, 2017

Responding to public clamor in the 1990s, some of the nation’s drug companies worked together to develop a “cocktail” of drugs to fight HIV/AIDS. It worked. AIDS is no longer an automatic death sentence. Now, the National Institutes of Health and...

Lifestyle

4 N.J. towns among Money’s best places to live, including 1 in Top 10

September 19, 2017

North Arlington is one of the Top 10 places to live in United States, according to Money magazine. The Bergen County town has a small-town feel with big-city perks, the publication wrote about its No. 8 spot. “Located less than 15 miles from...

Health Care

Biologics firm Catalent makes $950M deal for drug services firm

September 19, 2017

Catalent Inc. has bought Bloomington, Indiana-based Cook Pharmica LLC for $950 million. The Somerset-based company will pay $750 million upon closing for the integrated provider of drug substance and drug product manufacturing and related services. The rest will be paid in equal installments,...

Real Estate

Denholtz, Bytech join Franklin officials for ribbon-cutting

September 20, 2017

The developer of a 75,000-square-foot industrial building in Franklin was joined by the new owner as well as local officials for a ribbon-cutting ceremony recently. Denholtz Associates, a real estate investment and management firm based in Matawan, cut the ribbon on the...

Industry

Win or lose, trying for Amazon HQ2 can help Atlantic County: Experts

September 20, 2017

Amazon building a second headquarters could be the business boost Atlantic County needs — even if the online retail giant picks somewhere else. The county is joining what is expected to be a continent-wide search for a second headquarters that will create...

Finance

Small business showcase a key to new partnership between M&T, Jets

September 20, 2017

When the New York Jets and M&T Bank began talking about a business partnership months ago, they started with the traditional items a sports team and a bank could work on together: signage at the stadium for the bank; branded debit...

Education

Hudson CC opens state-of-the-art, 70K sq.ft. STEM building

September 20, 2017

STEM education in Hudson County got a big boost Tuesday with the ribbon-cutting to open a $25.9 million, 70,070-square-foot building on the Jersey City campus of Hudson County Community College. The new STEM facility consolidates and centralizes the college’s STEM programs into...

Real Estate

G.S. Wilcox & Co. arranges $43.4M loan for new apartment complex

September 20, 2017

Morristown-based G.S. Wilcox & Co. has arranged a $43.4 million loan to finance a new apartment complex in New York state, the firm announced recently. G.S. Wilcox arranged the loan from an insurance company for the developer of a 270-unit complex in...

Real Estate

Pair of tech firms move into Fairfield’s Highpoint Corporate Center

September 20, 2017

Highpoint Corporate Center is getting two new high-tech tenants. The Fairfield office building signed a 15,000-square-foot lease with Fusion Telecommunications International. The cloud-services provider will move its regional office from nearby Wayne. J.C. Giordano and Tim Lohmann from Avison Young brokered the deal. Acuative,...

Finance

Edison Partners investment firm exits Canadian cybersecurity company

September 20, 2017

Edison Partners has announced the successful exit of Ontario-based cybersecurity services eSentire. “After 26 consecutive quarters of growth, it’s clear that eSentire has a proven, high-demand business model and solution that will continue to propel the company in the cybersecurity space,” said...

Industry

China’s cheap labor no longer a factor in manufacturing, experts say

September 20, 2017

While a continent waits and watches for e-commerce giant Amazon to select its second headquarters, one New Jersey legislator wants to figure out how to prime the state to produce the next Amazon. “We talk about competition for Amazon, I say we...

Lifestyle

Milestone for One Theater Square is another stepping-stone for Newark

September 20, 2017

For Newark Mayor Ras Baraka, the only thing more exciting than talking about another milestone in the building of One Theater Square is talking about what’s next to come in downtown Newark. “We’re trying to create a neighborhood,” he said. “Nobody has...

Real Estate

Sotheby’s International Realty Affiliates names COO

September 20, 2017

Sotheby’s International Realty Affiliates LLC, a subsidiary of Madison-based Realogy Holdings Corp., announced Wednesday that it has named a veteran real estate professional as its new chief operating officer. Julie Leonhardt LaTorre, who has nearly 15 years of experience in the industry,...

Tech

Cloud tech company Vonage names SVP, channel chief

September 20, 2017

Vonage has a new senior vice president and channel chief, the Holmdel-based cloud company announced. Bob Crissman will lead the channel team, working with a network of master agents, subagents, independent software vendors and other resellers to help them meet the full...

Real Estate

Monmouth REIT buys Ohio industrial building for $18.3M

September 21, 2017

Monmouth Real Estate Investment Corp. bought a 298,472-square-foot industrial building in Ohio for about $18.3 million. The property in Kenton, Ohio, has a 10-year net lease to International Paper Co., a New York corporation. The building is on about 46 acres. "We are...

Real Estate

Cedar Knolls center, on former Brownfield site, holds grand opening

September 21, 2017

Hanover Crossroads celebrated its formal grand opening this week. The Cedar Knolls shopping center’s development began in spring 2016 under Key Properties. T.J. Maxx, HomeGoods, Five Below and Ulta Beauty stores are already open, with interior fit-out work underway for Old Navy and...

Health Care

NJHA’s Ryan: New attempt to kill ACA would cost N.J. $3.9B in funds

September 21, 2017

The last-ditch attempt to replace the Affordable Care Act, a proposal by U.S. Sens. Lindsey Graham and Bill Cassidy, would cost New Jersey $3.9 billion in federal health care funds by 2026, according to the New Jersey Hospital Association. NJHA CEO and...

Politics

SBA bolsters bonding program for small construction contractors

Brett Johnson -

September 21, 2017

Several changes took effect Wednesday that are meant to improve a U.S. Small Business Administration program that is said to be a boon for small New Jersey construction contracting companies and the wider Garden State public alike. Bruce M. Allen, president at...

Lifestyle

Hobby’s owner: ‘One of the best days in Newark in a long, long time’

September 21, 2017

Marc Brummer’s staff had temporarily run out of plates while serving long lines at the outdoor buffet celebration Wednesday. As the owner of Hobby’s, the deli that doubles as a must-stop landmark for foodies in Newark, he was temporarily flustered. And quickly...

Real Estate

How to fix the biggest issue in the fight to bring companies to N.J.

September 21, 2017

Carl Goldberg is a founder and managing member of Canoe Brook Associates and serves as the co-chair of the executive committee of the Rutgers Center for Real Estate. Throughout his distinguished career, Goldberg has specialized in developing housing in New Jersey and throughout...

Health Care

Health care institute hopes program will show if payment reform works

September 21, 2017

Is the much-touted value-based reimbursement model, in which providers get paid for care of a patient rather than per procedure, working? It’s a question the Centers for Medicare and Medicaid Services Innovation Center is asking the public. CMS has been the driver of...

Education

Christie, pushing to keep Jersey kids in state, helps open NJIT center

September 21, 2017

The New Jersey Institute of Technology cut the ribbon on its $19 million Life Sciences and Engineering Center on Thursday morning. And Gov. Chris Christie made it perfectly clear who it is for: the students of New Jersey. “I’m tired of having some...

Industry

Ohio company buys Newark chemicals and ingredients firm

September 21, 2017

A Newark-based specialty chemicals and ingredients distributor has been acquired by an Ohio-based company in the same field, according to a recent news release. Avon, Ohio-based Maroon Group LLC, which is comprised of several regional operating companies, has now added New Jersey’s...

Lifestyle

Millburn communications firm adds D.C. public relations vet as SVP

September 21, 2017

GLA Communications has added a veteran public relations executive as a senior vice president, giving the Millburn-based strategic communications firm a formal presence in Washington, D.C., it announced recently. Karen Addis has more than 25 years of experience in PR, GLA said,...

Real Estate

Developer cuts ribbon on Toms River age-, income-restricted community

September 22, 2017

Barnegat-based real estate developer Walters Group held a ribbon-cutting Thursday to officially open a new restricted-housing community in Toms River. The company said in a news release that the 102-unit Cornerstone at Toms River, located at 2121 Massachusetts Ave., is a 55-plus,...

Finance

Pru names new chief actuary to replace retiring SVP

September 22, 2017

Prudential Financial Inc. has a new chief actuary. Candace Woods will succeed the retiring Richard Lambert as senior vice president and chief actuary of the Newark-based financial services company. Lambert will retire next year. “Rich has been a tremendous asset to our company over...

Lifestyle

Men interrupt more than women — just 1 speech pattern that helps them

September 22, 2017

Talking Points is an occasional feature at ROI-NJ, which quickly reviews a speech or presentation at one of the state’s many events and conferences. Here is a look at the keynote address given by Sally Glick, principal and chief growth strategist...

Industry

Firms want to work with minority businesses, but finding best isn’t easy

September 22, 2017

Working with minority-owned suppliers and vendors is a focus for many large companies in the state, but there sometimes aren’t enough qualified small businesses to partner with. At the African American Chamber of Commerce of New Jersey’s 10th anniversary event Thursday in...

Lifestyle

ROI-NJ asks: What’s the No. 1 issue facing women in the workplace?

September 22, 2017

We worked the room at “Unlocking the C-Suite,” a women business leaders forum sponsored by the New Jersey Business & Industry Association recently at the DoubleTree hotel in Somerset. We asked some of those in attendance: “What’s the No. 1 issue facing...

Lifestyle

Red Bank’s Count Basie Theatre launches $23M expansion project

September 22, 2017

The Count Basie Theatre marked the start of its $23 million expansion with a $2 million gift announcement and a visit from “Little Steven” Van Zandt. The E-Street Band guitarist and his wife serve as honorary campaign co-chairs for the project that...

Real Estate

Solar energy company expands in Metuchen, taking extra 18K sq.ft.

September 22, 2017

Pro Custom Solar LLC, which custom-designs residential and commercial solar energy systems under the brand “Momentum Solar,” is expanding its space in Metuchen, according to Colliers International Group Inc. The real estate services firm said in a news release Friday that its...

Health Care

Muscle product firm names interim CEO to permanent post

September 22, 2017

MYOS RENS Technology Inc. has made its interim CEO permanent. The Cedar Knolls-based company's products focus on muscle health and performance. Joseph Mannello has agreed to work for an option to purchase 300,000 shares of the company's common stock at an exercise price...

Real Estate

Demolition of Ft. Monmouth buildings should speed redevelopment

Debra L. Wentz, CEO and president, New Jersey Association of Mental Health and Addiction Agencies -

September 25, 2017

Razing some dilapidated buildings at Fort Monmouth is expected to clear the way for redevelopment of the 36-acre tract in Tinton Falls. A plan approved by the Fort Monmouth Economic Revitalization Authority at the board’s meeting Thursday will clear what the authority...

Opinion

In praise of Gov. Christie’s opioid initiatives

September 25, 2017

The New Jersey Association of Mental Health and Addiction Agencies, which represents 160 of the state’s community-based mental health and addiction providers, loudly applauds Gov. Chris Christie on the unprecedented and wide-reaching investment of roughly $200 million to tackle the opioid...

Education

Montclair State: Comms school, with latest Sony tech, will be best in U.S.

September 25, 2017

When Montclair State University cuts the ribbon on its new building for the School of Communications and Media on Tuesday morning, Keith Strudler feels the program will take a new place in university rankings. In the front. Strudler, the director of the School...

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