Scotch Plains resident named general counsel for NJ Sharing Network
ROI-NJ
by ROI-NJ Staff
6h ago
NJ Sharing Network on Thursday said Catherine DeAppolonio has been appointed as general counsel and government affairs. DeAppolonio will oversee crucial elements of the organization’s legal operations, including the identification, evaluation and treatment of risk within the organization. She also will direct reviews of policies and procedures and educate team members on the New Providence-based nonprofit’s corporate compliance processes. “I am grateful for the opportunity to be a part of NJ Sharing Network’s esteemed leadership team to advance our lifesaving mission. Every day brings fresh op ..read more
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Bell Works New Jersey celebrates grand opening of Bell Theater
ROI-NJ
by ROI-NJ Staff
8h ago
Bell Works New Jersey is opening Bell Theater in an effort to diversify and broaden theater audiences, according to a recent release from Inspired by Somerset Development, the developer behind the country’s first metroburb. Originally known as the birthplace of world-changing technology, and now as the backdrop for Emmy-nominated shows like Apple TV+’s “Severance,” Bell Works — the reimagined historic Bell Laboratories building in Holmdel — is now luring Broadway veterans to its soon-to-be-opened Bell Theater. The intimate venue is located on the ground floor of the 2 million-square-foot redev ..read more
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CCM’s Center for Workforce Development receives $1M funding from Sherrill’s Community Project efforts
ROI-NJ
by ROI-NJ Staff
8h ago
County College of Morris recently announced that U.S. Rep. Mikie Sherrill secured Community Project funding of $1 million in support of the college’s workforce development programs. The funding will bring CCM programs to the Dover community and will emphasize the health care, technology, engineering and manufacturing fields. “CCM is grateful for this support and the impact it will have on individual lives within the local community of Dover,” CCM President Anthony Iacono said. “Rep. Sherrill has been a huge supporter of CCM and has shown her deep level of commitment to our mission of changing ..read more
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Santander Bank names Ellen Marshall head of corporate and middle market banking
ROI-NJ
by ROI-NJ Staff
8h ago
Santander Bank U.S. announced it has named Ellen Marshall as head of corporate and middle market banking. This marks an important milestone along the commercial bank’s transformation journey in the U.S. to provide the best holistic banking solutions and experience for clients. Since 2017, Marshall has led New Jersey & New York middle market banking, building a strong team, expanding the bank’s client base and attracting low-cost deposits and non-credit fee-based revenue. Marshall is an industry veteran, having served in a succession of leadership roles at Santander Bank, Capital One, CIT G ..read more
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American hero among us: A salute to Archie Fagan on his passing
ROI-NJ
by ROI-NJ Staff
9h ago
Archie Fagan, an American hero, died earlier this month. For those fortunate enough to have known him (I count myself among those lucky souls), the loss is heavy. Archie (his given first name was Alvin, but everyone knew him as Archie) had an unquenchable enthusiasm for life, a natural charm that quickly drew you into his circle of friendship — and a sense of duty and patriotism few could match. Archie lived 97 monumental years, including a few in Europe, where he served in the Army during World War II – fighting in the Battle of the Bulge and appearing as a military witness during the Nurembu ..read more
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Financial concerns by EDA threaten to halt effort to bring satellite location of Pompidou Center to Jersey City
ROI-NJ
by Tom Bergeron
9h ago
The effort to bring a satellite location of the world-famous Pompidou Center in Paris to Jersey City — an opening that would be a huge plus for the cultural aspirations of the city and state — appears to be in question Friday morning, due to financial concerns by the New Jersey Economic Development Authority that are holding up significant funding on the project. The EDA, in a letter from CEO Tim Sullivan to Diana Jeffrey, the executive director of the Jersey City Redevelopment Agency, questioned the viability of the business model the JCRA recently presented to the EDA in relation to the $34 ..read more
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EDA to open applications for 2024 NOL program on May 1
ROI-NJ
by ROI-NJ Staff
9h ago
The New Jersey Economic Development Authority will open the application process for the 2024 Technology Business Tax Certificate Transfer Program, commonly known as the Net Operating Loss program, on May 1. The popular NOL program allows early-stage technology and life sciences companies in New Jersey to sell a percentage of their net operating losses and unused research & development tax credits to unrelated profitable corporations for cash. The NOL program supports innovative startups by enabling qualified, unprofitable New Jersey-based technology or biotechnology companies with fewer th ..read more
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Carrier Enterprise leases 78K sq. ft. in Piscataway
ROI-NJ
by ROI-NJ Staff
10h ago
Carrier Enterprise, a leading heating, ventilation and air conditioning distributor, leased a newly constructed 78,000-square-foot industrial building in Piscataway, according to a Thursday announcement from Levin Management Corp. Carrier Enterprise is taking occupancy this month in an expansion move. Located at 30 Duke Road, the newly constructed Class A facility is part of Rutgers Industrial Center. LMC serves as asset manager for Rutgers Industrial Center. The North Plainfield-based commercial real estate services firm also served as construction and development manager for 30 Duke Road, th ..read more
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Veris sells multifamily site in Jersey City’s Waterfront district for $54M
ROI-NJ
by ROI-NJ Staff
11h ago
Veris Residential announced Thursday it has sold 177 Morgan St., a 1.73-acre multihousing development site located in Jersey City’s Waterfront neighborhood, to Lcor Inc., for $54 million. JLL Capital Markets, led by Senior Managing Director Jose Cruz and Director Ryan Robertson, worked on behalf of Veris and procured the buyer, Lcor Inc. The property is situated within Jersey City’s Powerhouse Arts District Redevelopment Plan — and, more specifically, the High-Rise Zone — which allows for high-density residential uses as-of-right. The Powerhouse Arts District was established in Jersey City in ..read more
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Penthouse residence at Atlantic Club in Long Branch sells for $5.95M; breaks town’s condo sale record
ROI-NJ
by Linda Lindner
11h ago
The Atlantic Club, located on the oceanfront in Long Branch, has exceeded residential expectations in more ways than one. Not only does the luxury high-rise building stand out as an exceptional level of resort-style living, but its last available penthouse property just broke the Monmouth County town’s condo sale record with a contract of $5.95 million. The under-contract sale was brokered by Teresa Minnick of Christie’s International Real Estate Group. Closings for the Atlantic Club project are targeted for April 2026. “Our vision for the Atlantic Club was to create a development that rises t ..read more
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