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Metrotop Plaza completes construction

VIEWS: 20 PAGES: 2

Metrotop II, a nine-story, 255,000-square-foot Class A office property in the Iselin section of Woodbridge, has completed construction, commercial real estate services firm Jones Lang LaSaIIe announced last week.

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									                                                                                                                                                                      with Gateway Coffee Shop Inc.,             man, which went on a buying spree

    NRG Energy buys Texas wind farm                                       no-carbon generation, including new nuclear, solar,
                                                                                                                                                                      which will do business as the pizza
                                                                                                                                                                      and Italian food restaurant Sbarro,
                                                                                                                                                                                                                 last year while its competitors were
                                                                                                                                                                                                                 struggling in the recession. And the
                                                                          offshore wind, biomass and carbon sequestration,” ac-
                                                                                                                                                                      includes some 910 square feet of           Hackensack firm plans to continue
    Princeton-based power company NRG Energy Inc.                         cording to a company announcement. - Martin C. Daks
                                                                                                                                                                      retail space on the main concourse         expanding, Zakheim said, “especial-
    said it completed the purchase of a 101-megawatt
                                                                                                                                                                      of Secaucus Junction. The tenant —         ly [in] clean tech.” – Joe St. Arney
    South Trent wind farm near Sweetwater, Texas. One
                                                                                                                                                                      which will pay an annual base rent
    customer, AEP Energy Partners Inc., has a 20-year
    power purchase agreement for all the power gener-
                                                                                                                                                                      of $62,400, as well as a percentage
                                                                                                                                                                      of gross sales — will also spend
                                                                                                                                                                                                                 28 charged in federal
    ated at the site.
         The company did not disclose pricing details.
                                                                                                                                                                      $350,000 in upgrades to build a            mortgage fraud sweep
                                                                                                                                                                      Sbarro-branded restaurant, the
         The South Trent transaction includes 44 Siemens
                                                                                                                                                                      agency said. – Evelyn Lee                  Twenty-eight people were ar-
    2.3-megawatt wind turbines capable of powering up
                                                                                                                                                                                                                 rested and charged with mortgage
    to about 80,000 homes. NRG previously owned or had
    interests in a total of three wind sites, all in Texas. The                                                                                                       Deal helps PR firm expand                  fraud, according to U.S. Attorney
                                                                                                                                                                                                                 Paul J. Fishman.
    company’s retail business, Reliant Energy, has more
    than 1.6 million residential, business, commercial and
                                                                                                                                                                      clean-energy expertise                           Another defendant, who alleg-
                                                                                                                                                                                                                 edly fabricated documents used in
    industrial customers in the Lone Star State.
                                                                                                                                                                      Beckerman, one of the largest inde-        several of the alleged scams, previ-
         NRG also is developing “a diverse mix of low- and                 NRG Energy Inc.’s South Trent deal includes 44 wind turbines.
                                                                                                                                                                      pendent public relations firms in the      ously was charged with conspiracy
                                                                                                                                                                      United States, announced last week         to commit wire fraud, and has been
                                                                                                                                  DEP Commissioner Bob Martin         its acquisition of Antenna Group
Bill would eliminate 41                          nounced last week.
                                                       The second phase of Metro-                                           announced June 15 that the new rules      Inc., a communications firm spe-
                                                                                                                                                                                                                 in custody since March, Fishman
                                                                                                                                                                                                                 said. Last week’s statewide sweep
inactive panels                                  top Plaza, located at 115 Wood Ave.                                        would be reasonable, with the goal of     cializing in serving clean-technolo-       netted real estate agents, investors,
                                                 South, is the state’s newest office                                        improving access while eliminating        gy companies.                              mortgage consultants, accountants
The Legislature is weighing whether              building constructed on a specula-                                         burdensome and costly rules.                    Beckerman said the deal cre-         and others ranging from 27 to 77
to eliminate 41 inactive boards, com-            tive basis, according to JLL, the fa-                                            “Cities and towns know best         ates the largest clean-technology          years old.
missions and committees.                         cility’s leasing agent. The property                                       how to plan for their own needs,”         specialty public relations practice in           The defendants used fake W-2
      A bill to eliminate the panels                                                                                        Martin said.                              the country, at a time when increas-       forms, pay stubs and other docu-
                                                                                              Courtesy Jones Lang LaSalle




was advanced June 10 by the Assem-                                                                                                The department will work with       ing attention is being paid to clean-      ments to pump up the reported in-
bly Regulatory Oversight and Gam-                                                                                           municipalities to write access plans      energy companies.                          come of would-be borrowers who in
ing Committee.                                                                                                              to meet local needs, which must be              “The BP disaster reinforces          fact were not qualified to get mort-
      Assemblyman John J. Bur-                                                                                              approved by the state.                    what everyone has known for years          gages, Fishman said.
zichelli (D-West Deptford) said elimi-                                                                                            Martin announced three im-          — a fossil fuel-based economy is                 The properties purchased by
nating the groups is part of his effort to                                                                                  mediate changes where access will         unsustainable for environmen-              these so-called straw borrowers
increase government efficiency and                                                                                          not be required: waterfront dredging      tal, economic and national secu-           often are secretly owned by the
improve the state’s business clim
								
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