Six companies approved to receive state incentives by ProQuest


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									                                  Around the State
 All eight condos
 in the 1300 Park                                                                More Hudson Waterfront condos up for bid
 Ave. development                                                                Fourteen luxury condos from two new residential projects in Hoboken will be hitting the auction block next month, accord-
 in Hoboken will                                                                 ing to Sheldon Good & Co. Auctions Northeast LLC, a new york-based real estate auction marketing firm that will be conducting
 be up for auction                                                               the auction.
 on Aug. 5; bids                                                                       Hoboken-based Fields Development Group is kicking off sales of its new 1300 Park Ave. development by putting all eight condos
 will start at                                                                   up for the auction, which will take place Aug. 5, sheldon Good said. newark’s TreeTop Development, meanwhile, is closing out its build-

 $150,000.                                                                       ing at 517 Jackson st. by putting the last six unsold homes up for bid, the firm said.

                                                                                       In a slow real estate market, auctions are “being used by developers to accelerate the sale of finished inventory,” said Jeff Hub-

                                                                                 bard, sheldon Good’s executive managing director.
                                                                                       As few trades are occurring, auctions help establish property values through competitive bidding, he said. suggested opening bids
              Fields Dev

                                                                                 will start at $150,000, a fraction of the homes’ original prices, which ranged from $419,000 to $619,000.
                                                                                       the auction will mark the second time in two months that sheldon Good has sold luxury condos on the Hudson Waterfront,
                                                                                 the firm said. on June 27, the firm sold 32 homes at Metrovest equities’ the Beacon in Jersey city to close out the project’s first
                                                                                 phase of 315 condos. - Evelyn Lee

Vacancies left in wake of                                       Helen St., in South Plainfield, accord-
                                                                ing to the report. – Evelyn Lee
                                                                                                           grams they are currently watching.
                                                                                                           FiOS subscribers can also access ESPN        Deals around the state
corporate consolidation                                                                                    Fantasy Football. – João-Pierre S. Ruth
                                                                                                                                                        n Electronic Control Security Inc., in clifton, said it entered into
                                                                Make ‘tweets’ right from                                                                an exclusive marketing and distribution agreement to bring El-Go
Vacancies in the northern and cen-
tral New Jersey industrial market                               the television screen                      Businesses, owners                           Team Ltd. products to the u.s. market. ecsI is a provider of perim-
continued to increase during the                                                                           charged with fraud                           eter security products and will market traffic lights, lift gates, tire
                                                                                                                                                        shedders and other products from el-Go, of Israel.
second quarter, amid falling de-                                Verizon Communications said ac-
mand and corporate consolidations,                              cess to social networks is now avail-      A total of 10 individuals and busi-
                                                                                                                                                        n Merrimac Industries Inc., in West caldwell, a maker of rF micro-
according to the second quarter                                 able to subscribers of FiOS TV in          nesses were charged in two separate
                                                                                                                                                        wave components, said it received a contract worth $810,000 to pro-
market report from commercial real                              select areas, allowing users to check      cases with selling bogus loan modi-
                                                                                                                                                        vide custom assemblies for an undisclosed government program.
estate services firm Grubb & Ellis.                             sites such as Twitter and Facebook         fication services to distressed hom-
      More than 85.3 million square                             onscreen while watching television         eowners, according to state Attorney
                                                                                                                                                        n Lockheed Martin said it won a $10 million contract to develop
feet of direct or sublet industrial                             shows. Later this month, subscribers       General Anne Milgram.
                                                                                                                                                        concepts for advanced air and missile defense radar to be used by
space was available in northern and                                                                              Ejike N. Uzor, an attorney with
                                                                                                                                                        the u.s. navy in its next generation of cruisers. Its Moorestown op-
central New Jersey in mid-2009,                                                                            offices in Linden and Newark, and
                                               Jupiter Images

                                                                                                                                                        eration will perform the work, performing studies on radar used to
compared to less than 63 million                                                                           Stephen Pasch, of Green Brook
                                                                                                                                                        increase the defense of surface ships against incoming missiles and
square feet of available space a year                                                                      Township, were charged with col-
                                                                                                                                                        air-based attacks. – João-Pierre S. Ruth
ago, the report said.                                                                                      lecting unlawful upfront fees for loan
      Firms that contributed to t
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