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Newark Lures Amazon With $1 Billion Payroll Tax Incentive

Newark City Council

Newark City Council today approved a $1 billion payroll tax exemption for companies such as Amazon. July 11, 2018.

News Posted Sat, Jul 14th, 2018 By REBECCA PANICO

The Top 3 Trends CRE Asset Managers are Focused on Right Now

Modern Office

One of the best parts of my job is having the opportunity to sit down with some of the world’s most forward thinking, innovative and successful landlords and brokers on a regular basis. In an industry that is changing as fast as ours, these conversations provide invaluable insight into the macro trends that are driving change, and how CRE’s leading minds are positioning their businesses to adapt and thrive.

Over the last few months I’ve been on the road pretty frequently, going to major conferences including ICSC ReCon and RealComm, and visiting clients and partners across North America and Europe. The bottom line – I’ve spoken with A LOT of people. 

I wanted to take a moment to share the common themes that continually popped up in my conversations, particularly with executives on the asset management side. Here are the three change agents that asset managers are focused on right now. 

News Posted Fri, Jul 13th, 2018 By NICK ROMITO

4 Factors Driving Office Space Decisions

Office space

There is a lot of talk about how much the landscape has changed in the commercial office sector, with the rise of the creative office at the forefront of the conversation. Global brokerage firm Cushman & Wakefield recently released a report, Space Matters, detailing the reasons for some of these changes to traditional office spaces and how space decisions are being made by occupiers today.

According to Cushman, there are four main factors that are highly important to today's commercial real estate executive when making space decisions. Read on for the breakdown.  

News Posted Tue, Jul 3rd, 2018 By IAN RITTER

Don’t be a Victim of Scams

Did you know that most scams take place over the phone, and people 55 years of age and older are more likely to be a victim? You don’t have to be another statistic. The increase in utility-related scams is a real concern, which is why we make it a priority to educate our customers about the most common scams and how to protect yourself.

Pre-paid Debit Card Scam – A caller claiming to work for the utility scams customers into believing that their accounts are delinquent, and services will be disconnected unless they pay immediately. They demand that the customers make a payment by purchasing a pre-paid debit card at a local convenience store and calling back to give them a receipt and PIN.

Federal Assistance Scam – This scam involves a phony program that offers assistance with utility bills in exchange for personal information like Social Security numbers. Perpetrators of these scams can contact customers by text messages, email and even social media.

News Posted Mon, Apr 23rd, 2018 By JCP&L Customer Connection

SHAQ TOWER Marks a Milestone in Downtown Newark

NBA Hall of Famer Shaquille O’Neal visits former home to watch workers finish top floor of his high-rise apartment and retail building on Rector Street
“In 1992, me and my mother were visiting relatives, and my mother says to me, ‘I remember when the city used to be beautiful, somebody needs to come by and invest in the city and make it beautiful again.’ Then, she gave me that big elbow to the chest like I’m that somebody ,” said Newark native and NBA Hall of Famer Shaquille O’Neal.

O’Neal is making good on that nudge. He returned home to celebrate the completion of the top floor of his 20-some-story, 168-market-rate apartment and retail building on Rector Street.

The governor thanked O’Neal for never forgetting where he came from, and for helping Newark reach its potential. “This city is on the rise. Let there be no doubt about it,” said Murphy.

Newark Mayor Ras Baraka says it takes partners.

With the building, O’Neal and the city launched Project Newark, modeled after Project IMPACT. “That program is to give a helping hand to women, minorities, and veterans looking to get a career in the construction trade,” said Bill O’Dea, Hudson County Freeholder and founder of Project IMPACT.

News Posted Tue, Apr 17th, 2018 By njspotlight.com

Nor'easter to become bomb cyclone: Coastal havoc on tap

An already potent storm will track off the Atlantic coast and become a bomb cyclone that is likely to cause high winds, coastal flooding and heavy wet snow in the northeastern United States centered on Friday.
Part of the same storm already caused significant flooding and produced severe thunderstorms over the South Central states and will bring a change to heavy wet snow and strong winds to the lower Great Lakes region on Thursday night.

News Posted Thu, Mar 1st, 2018 By Alex Sosnowski - AccuWeather
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