Local LifeScience Aquisition, Redevelopment on Route 1 & BMS Makes 650,000 sf Announcement: News Around Mercer County

September 25, 2014

Integra LifeSciences to acquire Medtronic’s ENT, laparoscopy equipment lines

Integra LifeSciences Holdings Corporation and Medtronic Inc. announced Wednesday an agreement in which Integra will acquire Medtronic’s MicroFrance and Xomed manual ENT and laparoscopy medical equipment lines for approximately $60 million. Read the full story on njbiz.com here.

 

Owners of long-vacant American Cyanamid site in West Windsor begin redevelopment discussions

Hotels, restaurants, parks, places of worship and schools — these are just some of the possibilities that the owners of the American Cyanamid site on Quaker Bridge Road presented before the Township Council Monday night. Read the full story on nj.com here.

 

Bristol-Myers announces plans for 650,000 sq. ft. Lawrenceville building

Pharmaceutical giant Bristol-Myers Squibb announced Tuesday that it plans to build a 650,000-square-foot office building in Lawrenceville near the intersection of Interstate 295 and the Princeton Pike on company-owned property acquired back in 2001. Read the full story on njbiz.com here.

 

 

Princeton Forrestal Village Hopes to Add Residential to the Mix

September 24, 2014

Mixed use without residential doesn’t work.  After 28 years, Princeton Forrestal Village is proposing multifamily residential units.

“It’s a nice, cute pedestrian village surrounded by a sea of parking that never really succeeded,” Robert Schenkel, senior director of development at Lincoln Equities Group, said. “It was a high-end boutique mall, a discount mall and lots of things in between. It had a lot of different developers over the years and we’re the most recent who think we’re going to succeed.”

Read the full story on centraljersey.com here.

RealShare New Jersey Conference: Triumphs & Challenges

September 16, 2014

Conference sparks talks of triumphs, challenges in New Jersey commercial real estate market

It was around 9 a.m. at RealShare New Jersey, one of the year’s biggest commercial real estate conferences, and Joe Taylor had some friendly advice for the audience.

“If you’re not having fun in real estate right now,” said Taylor, president of Matrix Development Corp., “you ought to leave before lunch.”

 

Read the full story on njbiz.com here.

Addressing New Jersey’s White Elephants

September 9, 2014

Over the past decade, the campus-style complex model slowly became outdated as technological advances, downsizing and outsourcing negated the need for workers to be in an office setting, Advance Realty president and CEO Peter Cocoziello said.

The above is a quote comes from an nj.com article titled: Developer: Plan for Bridgewater’s Sanofi Research Campus will attract young professionals and discusses Advance Realty’s plans to take a former Sanofi U.S. Research and Development Campus and breathe life into it- read the full article here.

Trenton Neighborhoods Get $1.1M Investment

September 3, 2014

Wells Fargo announced Thursday that it plans to invest more than $1.1 million in grants to provide funding toward various Trenton neighborhood revitalization programs. (read full story on njbiz.com here)