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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