Demolition on Parkway Lofts to begin in October by ProQuest


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                                                                                                         Banking and Insurance commissioner announces resignation
NJBIZ File Photo

                                                                                                         Steven M. Goldman, state commissioner of Banking and Insurance, has resigned in order to join a New York law firm.
                                                                                                               Goldman, an attorney, submitted his resignation June 29, and will leave his position July 15, said Marshall McK-
                                                                                                         night, a Department of Banking and Insurance spokesman.
                                                                                                               Goldman will join the firm of Kramer, Levin, Naftalis & Frankel LLP, which has offices in New York and Paris.
                                                                                                               Goldman joined Gov. Jon S. Corzine’s administration in July 2006. He previously served as a senior partner after
                                                                                                         22 years at Sills, Cummis & Gross P.C., which has offices in Newark, Princeton and New York.
                                                                                                               When Goldman was in private practice, he focused on corporate law, including mergers and acquisitions, bank-
                                                                                                         ing and finance, joint ventures, and leveraged buyouts, according to his biography on the department Web site.
                                                                                                               McKnight said Goldman’s replacement hasn’t been announced yet. The next highest-ranking officials in the
                                                                                                         department are newly named Division of Insurance Director Douglas Wheeler and Division of Banking Director
                                                                                                         Terry McEwen.
                   Steven M. Goldman joined the state Department of Banking and Insurance                      “The governor thanks [Goldman] for his service,” said Corzine spokesman Robert Corrales, adding that Corzine
                   three years ago, and will leave his position July 15.                                 will announce Goldman’s replacement in the future. – Andrew Kitchenman

BPU OKs utilities’ capital                                            cient building, with modern IT infra-
                                                                      structure. Its founder and chief execu-
                                                                                                                  designing the project. The developer
                                                                                                                  will gut the interior of the warehouse         Deals around the state
investment programs                                                   tive, Richard Hocker, also pointed to       and convert the space into 361 sin-
                                                                                                                                                                 n Universal Display Corp., in Ewing, a developer of organic LED
                                                                      “greater access to management teams         gle-level and loft apartments, as well
                                                                                                                                                                 technology and materials for electronic displays, said it received a
Utility providers PSE&G, New Jersey                                   for research purposes” and proximity        as add a new penthouse level to the
                                                                                                                                                                 $750,000 Small Business Innovation Research phase II contract from
Natural Gas and South Jersey Gas last                                 to Center City Philadelphia and Phila-      existing facility and construct a new
                                                                                                                                                                 the U.S. Air Force Research Laboratory. The contract is for the devel-
week secured approval from the state                                  delphia International Airport.              freestanding two-level parking deck,
                                                                                                                                                                 opment of a prototype non-glass, flexible OLED display that may be
Board of Public Utilities for their capi-                                   The 22-year-old firm is wholly        Minno & Wasko said.
                                                                                                                                                                 used by pilots. The flexible display prototype is being developed in
tal investment programs. Collectively,                                employee owned, and specializes                   The Parkway Lofts — expected
                                                                                                                                                                 conjunction with LG Display and L-3 Communications.
they promise to create nearly 1,000                                   in providing investment advice to           to be complete in 2011 — will have
new jobs over the next 18 months.                                     high-net-worth individuals. Some of         immediate access to the Garden State
                                                                                                                                                                 n Food manufacturer Campbell Soup Co., in Camden, shelled out
       PSE&G’s plan is to invest $190                                 its employees live in Pennsylvania, a       Parkway and be located less than 100
                                                                                                                                                                 $426,000 to buy a 1.9-acre tract from the Delaware River Port Au-
million and create an estimated 688                                   representative said. – Shankar P.           yards from NJ Transit’s Watsessing
                                                                                                                                                                 thority. The purchase is part of Campbell’s plans to create a 100-acre
new jobs; South Jersey Gas plans to                                                                               Avenue rail station. – Evelyn Lee
                                                                                                                                                                 office park next to its headquarters. The property had been used as
spend $17.2 million in capital pro-
grams to create 163 jobs; and New
                                                                      Demolition on Parkway                                                                      a parking lot.
Jersey Natural Gas has an $18.3 mil-                                  Lofts to begin in October                   Manalapan travel agency                        n Satellite communications services provider SES Americom-New
lion plan to launch 114 jobs. BPU said
it is still reviewing proposals filed by                              Prism Capital Partners will be-
                                                                                                                  is named in fraud suit                         Skies, in Princeton, said it signed an agreement with Retro TV to
                                                                                                                                                                 transmit its programming across the country. Retro TV, a classic
Jersey Central Power & Light, At-                                     gin demolition work in October
                                                                                                                  A Manalapan-based vacation travel              television network, will use SES Americom-New Skies’ to increase its
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