VIEWS: 5 PAGES: 2 CATEGORY: Business & Economics POSTED ON: 6/18/2010
Business Employment Incentive Program applicants must either increase or relocate jobs in the state to be eligible for the incentives, which are based on the amount of income taxes that would be paid to the state by the new employees.
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- roup $150,000. ing at 517 Jackson st. by putting the last six unsold homes up for bid, the firm said. G In a slow real estate market, auctions are “being used by developers to accelerate the sale of finished inventory,” said Jeff Hub- elopment 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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