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North Jersey Business

NJPAC taps Prudential CEO to chair board

The Newark-based New Jersey Performing Arts Center announced Friday its election of John Strangfeld, chairman and CEO of Prudential Financial Inc. , as co-chair of the board.
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Senate panel debates bill to limit employers' ability to ask applicants about criminal history

A bill before a state Senate panel today could create new job prospects for people with criminal convictions, but business groups fear it also could create unnecessary red tape and the potential for legal liability.
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Another step forward for American Dream megamall project

The agency in charge of the Meadowlands Sports Complex moved today to acquire land that would house new water and amusement parks alongside the defunct Xanadu site, another step to help a developer reboot the project as American Dream Meadowlands.
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Morristown angel investment firm leads funding round for Tabtor

Morristown-based SoundBoard Angel Fund announced Wednesday it led a 1 million seed round of investment in educational iPad platform Tabtor.
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Conference puts focus on hospital progress on lowering readmissions

Last year, Medicare started penalizing hospitals across the country that have high patient readmission rates, but in most New Jersey counties, hospitals have achieved reductions in readmissions as a result of new programs aimed at keeping patients healthy and at home following discharge.
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Rockefeller announces Summit Medical as newest tenant at Florham Park complex

Summit Medical Group will occupy the newest building at The Green at Florham Park, the Rockefeller Group's sprawling master-planned site that last year welcomed BASF's new North American headquarters, the developer announced today.
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State adds two new talent networks focused on Sandy rebuild

The state today announced the launch of two new “talent networks” focused on workforce development in recovering from Sandy and in developing hospitality and tourism.
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State reaches 130M deal with alleged Passaic polluters

The state has reached a 130 million settlement with a handful of companies it believes are responsible for polluting in the Passaic River.
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Hartz sells Secaucus property to Gaia in reported 56 million deal

Hartz Mountain Industries and Gaia Real Estate Investments have come together again on the sale of a Hudson County office building, this time in Secaucus.
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Small companies' spirited efforts to get fair regulations

When Brant Braue and Krista Haley decided to open a craft distillery, they asked the Division of Alcoholic Beverage Control how they should go about getting a license.
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A shift of gears helps One Horn keep on truckin'

Founded in 2005 as an asset-based carrier with its own fleet of trucks, One Horn Transportation changed course five years ago to become a transportation broker providing IT, billing and other back-office support to agents who arrange for the delivery of goods — from steel to produce — across the United States. That shift of gears has. . .
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Prudential details plan to integrate new 444M office tower at ground level in Newark

By late summer or early fall, Prudential Financial plans to start vertical construction of its new 20-story office tower in downtown Newark. In the meantime, the insurance giant is working to maximize the building's impact at the ground level.
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Barnabas to provide consulting services to University Hospital

Barnabas Health, parent of Newark Beth Israel Medical Center, has been chosen to provide consulting services to University Hospital, in Newark, which will remain a state-owned hospital following the dismantling of University of Medicine and Dentistry of New Jersey that takes effect next month. UMDNJ. . .
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Chiesa's first boss at law firm fondly recalls Senate appointee, says he 'can work both sides of the aisle'

Gov. Chris Christie's appointment of Attorney General Jeff Chiesa to be New Jersey's next U. S. senator is putting the law firm where the pair got their starts back in the spotlight.
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Haven Bancorp acquiring Summit lender in 27 million deal

Haven Bancorp, of Hoboken, a 75-year-old institution focused on residential lending, announced Wednesday it will acquire Summit’s Hilltop Community Bancorp, founded 13 years ago as a commercial lender, for 9. 42 per share in cash, or about 26. 9 million.
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Tech Council chief Alleged trade secret theft not a reason to abandon immigration reform

Word spread this week of New Jersey's latest case of alleged trade secret theft by a foreign-born worker, but the head of the state's technology business trade group says that shouldn't detract from reforms to help companies hire skilled workers from abroad.
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Academy to acquire charter operations of Conway Tours

Hoboken-based Academy, a provider of charter and commuter bus services in the Northeast, said Wednesday it agreed in principal to acquire the charter bus operation of Conway Tours, a Rhode Island-based bus company.
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N.J. office vacancy continues to rise as other markets improve

Six of the country’s 10 most prominent suburban office markets have seen vacancy tick down since the recession ended, but northern New Jersey isn’t among them.
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