Commercial Real Estate Notes from Around the State

NJ pharma: Real estate needs to reflect the changing needs of the industry

For Pernix Therapeutic Holdings, it was time to find a new home.

The Houston-based pharmaceutical company had new executives and a new $65 million war chest from investors, paving the way for a growth plan focused on specialty drugs. But that meant moving its headquarters to a state with a labor force that could help it build a new senior management team from the ground up. (read full story on njbiz.com here)

Unemployment dips to 6.6 percent in New Jersey

Officials say New Jersey’s unemployment rate inched down to 6.6 percent in June, its lowest level in more than five years. (read full story on sfgate.com here)