Written by caitie on . Posted in Around Central New Jersey.
Princeton recently received more national recognition: the “Overall Best” spot in a ranking of small cities in the US. In October, Princeton was also named the “Best College Town to Live in”. Both of these distinctions were presented by financial websites, wallethub.com and smartasset.com, respectively.
To learn more about the categories included in the decision and details on how Princeton ranked, please read the nj.com article here.
Written by caitie on . Posted in News.
New Jersey’s industrial market has been going through some changes recently. What are they and how did they come about?
This NJBiz article highlights some of the issues with the state’s current warehouse stock and what is being done to change that.
Written by caitie on . Posted in Around Central New Jersey, News.
The College of New Jersey and PRC Group took on the challenge of creating Campus Town, a $120 million mixed use development project, in Ewing, NJ.
Campus town will include 612 upscale apartments for students and also a 11,400 sf fitness center, restaurants (such as Panera Bread, Mexican Mariachi Grill and more) and retailers (Barnes & Noble/Starbucks and more) open to both the students and the public. It will also be an attractive amenity package for workers who spend their days in the 1 million square feet of office space less than a mile away on the I-95 Corridor.
The project will create a richer environment for the students, but will also be a boon to the community as well, creating what Curt Heuring, VP for Administration of TCNJ, calls the “perfect interaction space” for both groups.
For more details please read the full story here.
Written by caitie on . Posted in Around Central New Jersey, News.
The Princeton market is seeing a trend- companies moving to new space not because they need to expand, or shrink- but because they want an upgrade. Current building stock, an uptick in the economy in general and the need to create a work environment that will attract quality talent are all helping to herd companies toward higher quality buildings. Landlords with lower rental rates are helping, too.
Written by caitie on . Posted in Incentives, News.
We’ve posted a lot about New Jersey’s current incentive packages aimed at both retaining current jobs and businesses within the state’s borders and also attempting to attract new businesses and jobs.
There are both fans and critics of these programs, as with most things. In an attempt to get an unbiased answer on whether or not these incentive packages are doing their job- Rutgers University has been given the task of figuring just that out and will start researching and releasing reports in the next 3 years.
Written by caitie on . Posted in Around Central New Jersey, Incentives, News.
Quick facts:
Who: TRAC Intermodal
Currently located at: 211 College Road East, Plainsboro & 2 Independence Way, South Brunswick
Will consolidate to: 750 College Road East, Plainsboro
Size: 82,000 sf
Lease term: 10 years, 9 months
Incentive amount: $9.8 million
Who: LMT Mercer Group
Currently located at: 690 Puritan Ave, Lawrence
Will build at new location at: New York Ave & Strawberry St, Trenton
Size: 90,000 sf
Incentive amount: $1.55 million
To read more about the deals at TRAC Intermodal or LMT Mercer Group, please visit nj.com for the full stories.
Written by caitie on . Posted in Around Central New Jersey, News.
Leaders from 6 Mercer County towns came together to discuss their individual priorities and the future success of New Jersey as a whole.
Popular topics of conversation included the NJ Transportation Trust Fund, walkable communities and NRG Energy’s new building in the breakfast hosted last week by the Princeton Regional Chamber of Commerce.
West Windsor Mayor Shing-Fu Hsueh, Princeton Mayer Liz Lempert, Pennington borough administrator Eileen Heinzel, Hopewell Township Mayor Harvey Lester, Hopewell Borough Mayor Paul Anzano and East Windsor Mayor Janice Mironov were in attendance for the roundtable talk.
Written by caitie on . Posted in News.
Both Choose New Jersey & the Economic Development Authority recently brought on new CEOs: Michele Brown and Melissa Orsen, respectively. Both groups work towards improving the business and economic climate in the state.
Learn more about Choose New Jersey and Michele Brown’s plan for helping the Garden State attract & retain business.
Check out the Economic Development Authority’s role and why Melissa Orsen was the best choice for the position.
Written by caitie on . Posted in Events, MOR.
We are looking forward to the 2nd annual Princeton Real Estate Forecast coming up at the end of this month. On January 29th, our CEO, Aubrey Haines, and a panel of other Princeton area real estate professionals will be discussing their economic predictions for 2015. There was a great turn out for the 2014 Real Estate Forecast and a lot of thoughtful discussion. We look forward to an even better event this year.
If you’re free on the 29th, please join us at the Hyatt Regency Princeton for breakfast and thought provoking conversation. We hope to see you there!
Please click here to register on the Princeton Chamber website.
Details at a glance: 2015 Real Estate Forecast
Brought to you by: Princeton Chamber of Commerce’s Real Estate Business Alliance
Panel featuring: Judson Henderson (Callaway Henderson Sotheby’s International Realty), Aubrey Haines (Mercer Oak Realty), Paul Anastos (Mortgage Master) and Tom Gates (Mortgage Master) as Moderator
When: Thursday, January 29th – 7:45 am until 10:00 am (Breakfast included)
Where: Hyatt Regency Princeton