Princeton Forrestal Village up for sale by ProQuest

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Princeton Forrestal Village, a 549,337-square-foot mixed-use complex in Princeton, is being marketed for sale, according to commercial real estate services firm CB Richard Ellis, which is serving as the adviser on the sale.

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									                                                                                                                                      Creek generating stations, in Lower       pharmacies like Wedgewood,                 ployment Incentive Program grant
                                                                                                                                      Alloways Creek. The site is the second-   which creates customized medi-             was critical to
    Poll predicts budget will be OK’d                                                                                                 largest nuclear facility in the nation,
                                                                                                                                      according to PSEG Nuclear. – Evelyn Lee
                                                                                                                                                                                cations for individuals who have
                                                                                                                                                                                a prescription, could sell medica-
                                                                                                                                                                                                                           the decision to
                                                                                                                                                                                                                           move the firm,
    by deadline, averting shutdown                                                                                                                                              tions to veterinarians, or if it had to    which provides

    AS REpUBLiCAN GOv. Chris Christie heads for a showdown over the
                                                                                                                                      Princeton Forrestal                       dispense the drugs directly to the
                                                                                                                                                                                animal patient or its owner.
                                                                                                                                                                                                                           comprehensive
                                                                                                                                                                                                                           business ser-
    state budget with the Democrat-controlled Legislature, a panel of po-                                                             Village up for sale                             The DEA argued that Wedge-           vices and soft-
                                                litical and business insiders                                                                                                   wood was not licensed to transfer          ware solutions
                                                expects Christie to take final                                                        Princeton Forrestal Village, a            controlled substances to a veterinar-      to life sciences      Kim Guadagno
                                                action on the 2011 budget be-                                                         549,337-square-foot mixed-use com-        ian, which the company contested           companies.
                                                fore the July 1 deadline.                                                             plex in Princeton, is being marketed      during a costly series of court battles.         “New Jersey is home to many of
                                                       More than half, 62.6 per-                                                      for sale, according to commercial               But to avoid more legal costs,       our clients and prospective clients,”
                                                cent, predict the governor will                                                       real estate services firm CB Richard      Wedgewood agreed “to act accord-           he said.
                                                sign the budget, or sign it with                                                                                                ing to the DEA’s interpretation,” CEO            Lt. Gov. Kim Guadagno, who
                                                                                                                                                                                George J. Malmberg said on May 25.         oversees the state’s economic de-




                                                                                                             Mack-Cali Realty Corp.
    additional actions that don’t require legislative approval, before July 1.
    Another 31 percent see the budget getting settled after the new fiscal                                                                                                            The agreement allows Wedge-          velopment efforts, praised the com-
    year starts on July 1 but by July 5.                                                                                                                                        wood to benefit from any new leg-          pany’s decision.
          A budget impasse leading to a July 1 government shutdown is un-                                                                                                       islative or regulatory rules or court            “New Jersey is already rec-
    likely, according to the panel. On a scale of 1 to 10, where 1 is no chance                                                                                                 decisions that would be in its favor,      ognized as the global epicenter of
    of a shutdown, and 10 is an absolutely certain shutdown, 56.7 percent                                                                                                       according to a company announce-           the pharmaceutical industry, and
    of the panel were at 1, 2 or 3.                                                                                                                                             ment. – Martin C. Daks                     we are thrilled that Intrasphere
          The panel expects Christie’s budget to fare better with Republicans                                                                                                                                              has decided to bring 300 new jobs
    than Democrats. On average, the panel expects about 13 of the 17 Sen-
    ate Republicans to vote for the budget, and about 10 of the 23 Senate
                                                                                                                                      The 42-acre campus features 10 office,
                                                                                                                                      retail and restaurant buildings.
                                                                                                                                                                                N.Y. firm plans to move,                   into the state and join so many of
                                                                                                                                                                                                                           the world’s leading life sciences
    Democrats to vote for the spending plan. Similarly, the panel on average                                                                                                    bring 300 jobs to N.J.                     businesses that already call New
    expects about 26 of the 33 Assembly Republicans to approve the budget,                                                            Ellis, which is serving as the adviser                                               Jersey home,” she said in a state-
    compared with about 21 of the 47 Assembly Democrats.                                                                              on the sale.                              A New York-based life sciences             ment. – Andrew Kitchenman
          “The survey of Trenton insiders reveals widespread belief that                                                                    The 42-acre campus, which           consulting firm will be relocating
    there will be no government shutdown over the budget,” said Ben
    Dworkin, director of the Rebovich institute for New Jersey politics at
                                                                                                                                      encompasses 10 office, retail and
                                                                                                                                      restaurant buildings, is being mar-
                                                                                                                                                                                to Jersey City, thanks to a state in-
                                                                                                                                                                                centive gr
								
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