VIEWS: 20 PAGES: 2 CATEGORY: Business & Economics POSTED ON: 7/15/2010
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.
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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