slabs on the former Champale even impossible to put up windmills
brewery site, while construction will
start in about 60 days, the company
or solar installations in the coastal
area,” the group said in a statement
said. Sales of the two- and three- last week.
bedroom units — which will have In September, the department N.J. Contract Sales Activity
starting prices in the mid-$100,000s published a proposal in the New
— will kick off in January, K. Hov- Jersey Register to add a new permit- 2006-2009
nanian said. – Evelyn Lee by-rule and two new coastal general
permits for the construction of wind 11,500
Group: Proposed DEP rules turbines on land, add a new permit-
by-rule for the construction of solar
could hinder green projects panels, and describe the situations in
which wind and solar installations do 8,500
The environmental group New Jer- not require a coastal permit. 7,500
sey Sierra Club last week criticized The Sierra Club supported hav-
the state Department of Environ- ing setbacks for wind and solar from
mental Protection’s proposed rules streams and wetlands, but said those 5,500
and rule amendments to its Coast- same setbacks should be enforced for 4,500
al Permit Program, which would other developments.
“present a new series of roadblocks The DEP could not be reached 3,500
that will make it very difficult and for comment. – Evelyn Lee 2,500
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
2006 Contract Sales 2007 Contract Sales
Wanrue Xue, right, Dendreon expects regulatory ap- 2008 Contract Sales 2009 Contract Sales
and Wang Yijun, proval for its drug Provenge six
The New Jersey housing market continues to improve as September contract sales — pending purchase contracts for which a closing
of Jiangsu Suya months after it submits an applica-
will occur in the future — exceeded last year’s pace for a fourth straight month, the best for that month since 2005. Also encouraging
Jincheng CPAs, in tion in November. The Oct. 26 story
is that after peaking in May, the number of homes being offered for sale has declined by 4,200, a 6.2 percent fall. The inventory of
China, were incor- “State continues to attract pharma
unsold homes reflects a nine-month supply, down from 17 months at the start of the year.
rectly labeled in an industry” was not clear about the
Source: Otteau Valuation Group Inc., www.otteau.com
Oct. 26 NJBIZ story. November benchmark.
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