Monday, July 20, 2026
Home Blog Page 7

Developers Refinance The District at 15Fifteen with $188 Million Loan

0

PARSIPPANY — The developers of The District at 15Fifteen, a large mixed-use development in Parsippany, have refinanced the project with a $188 million loan arranged by Cushman and Wakefield.

According to a news release, Affinius Capital provided the floating-rate financing for the property, which includes 498 residential units and 58,789 square feet of retail space spread across three buildings at 1515 Route 10. The refinancing follows completion of the project by a development team consisting of Claremont Development, Stanbery Development Group and PCCP LLC, which converted a former office campus into what brokers described as the largest mixed-use development in Morris County.

John Alascio, Chuck Kohaut and Meredith Donovan of Cushman and Wakefield’s debt and structured finance team arranged the financing on behalf of the borrowers, with additional support from capital markets specialists Niko Nicolaou and Ryan Dowd.

“The significant lender demand for this offering reflected the strength of the sponsorship, the unmatched quality of the asset and the leasing momentum achieved since delivery,” said Kohaut, an executive director at Cushman and Wakefield. “The District at 15Fifteen has established itself as the premier mixed-use destination in Morris County, and we’re grateful for the opportunity to represent the sponsorship again on this transformative project.”

The development includes a mix of market-rate, age-restricted and affordable housing units, along with a standalone retail pavilion set beside a landscaped pedestrian plaza designed to host community events and outdoor activities. Retail tenants at the property include restaurants, fitness operators and service-oriented businesses catering to both residents and the surrounding community. The site offers more than 1,000 parking spaces, along with amenities including resident lounges, fitness centers, coworking space, a pool and outdoor gathering areas.

Discover Strength, a strength training studio, recently held a ribbon cutting ceremony to celebrate its opening, becoming the first retail tenant to officially open its doors at the development, according to Frank Cahill, Chairman Parsippany-Troy Hills Economic Development.

Several additional tenants are preparing to open in the coming months. On the dining side, those include Kura Revolving Sushi Bar, Burton’s Grill and Bar, Meximodo, Al-Basha, Haraz Coffee House, O’Bagel, Pure Green and Home Town Creamery. In the fitness and wellness category, Yoga Six, Jetset Pilates and The Yard Gym are also expected to open, along with Moxie Salon and Beauty Bar. According to Stanbery Development Group, the retail component of the development is now more than 65 percent leased, with one food and beverage space still available.

The 13-acre property has direct access to Interstate 287, Route 202 and Interstate 80, providing connections to Newark Liberty International Airport, Jersey City, Hoboken and Manhattan. The site is also surrounded by major corporate headquarters and a wide range of retail and dining establishments.

University of Tampa Names Blake Polito of Madison to Dean’s List

0
Blake Polito

MADISON — A Madison student has been named to the University of Tampa’s dean’s list for the Spring 2026 semester.

Blake Polito, a member of the Class of 2028 majoring in Advertising and Public Relations BA, earned the recognition. To qualify for the dean’s list, University of Tampa students must maintain a grade point average of 3.75 or higher.

Polito is a 2024 graduate of the Academy of Saint Elizabeth and is an active member of the Delta Beta Chapter of Delta Zeta Sorority at the University of Tampa.

The University of Tampa is a private university located on 110 acres along the riverfront in downtown Tampa. The university offers about 200 programs of study and serves more than 11,400 students from 50 states and most of the world’s countries.

University of Tampa Names Madison Student to Spring 2026 Dean’s List

0
Olivia McNamara

MADISON — A Madison student has been named to the University of Tampa’s dean’s list for the Spring 2026 semester.

Olivia McNamara, a member of the Class of 2029 majoring in Communication and Media Studies BA, earned the recognition. To qualify for the dean’s list, University of Tampa students must maintain a grade point average of 3.75 or higher.

The University of Tampa is a private university located on 110 acres along the riverfront in downtown Tampa. The university offers about 200 programs of study and serves more than 11,400 students from 50 states and most of the world’s countries.

Mt. Pleasant Animal Shelter Seeks Vendors, Sponsors for 6th Annual Pet Palooza & Food Truck Festival

0
Mt. Pleasant Animal Shelter is located at 194 Route 10, East Hanover

LIVINGSTON — Mt. Pleasant Animal Shelter, based in East Hanover, is inviting local businesses to take part as vendors or sponsors in its 6th Annual Pet Palooza & Food Truck Festival, set for Saturday, September 19, in Livingston.

The event brings together animal lovers, families, local businesses, food trucks and rescue supporters for a day celebrating pets while raising funds for homeless animals. Attendees can expect food, live entertainment, pet-friendly activities, vendors and adoptable animals, among other offerings.

The shelter is currently seeking vendors interested in showcasing their products or services to what organizers expect to be hundreds of attendees, as well as sponsors looking for a meaningful way to support animal welfare while gaining visibility uin the community.

Sponsors will receive recognition before, during and after the event through event signage, social media, email marketing and the shelter’s website.

Proceeds from the festival support Mt. Pleasant Animal Shelter’s mission of rescuing, caring for and finding homes for more than 1,000 homeless animals each year.

Businesses interested in becoming a vendor or sponsor can reach the shelter at (973) 386-0590 for additional details and participation opportunities.

Hanover Township Mayor Gallagher Details Storm Response, Clarifies Cleanup Responsibilities

0
Thomas "Ace" Gallagher

HANOVER TOWNSHIP — Following recent severe storms, Hanover Township’s Department of Public Works, Office of Emergency Management, Police Department, Fire Departments, and emergency medical services have been working to clear roadways, restore safe conditions, and assist with storm cleanup, Mayor Thomas “Ace” Gallagher said in a message to residents.

Gallagher outlined the responsibilities of Jersey Central Power & Light, or other pole utilities, the township, and property owners when trees are brought down during a storm.

When a downed tree is entangled with power lines, the township must wait until the utility has addressed the hazard before cleanup can begin. During that time, township professionals secure the area with barricades and restrict access until it is safe to proceed.

Jersey Central Power & Light, or other pole utilities, is responsible for removing tree limbs and sections necessary to safely restore electric service when trees interfere with power lines. After completing that work, the utility leaves the remaining logs and brush on the property from which the tree originated. Residents who see a downed power line should call 911 immediately, stay at least 30 feet away, and avoid touching or moving the line.

The township’s Department of Public Works removes trees and debris that have fallen within the public right-of-way, including roadways, to restore safe passage. Crews also clear walking paths in parks and remove trees originating from township-owned park property, including those that fall into adjacent residential backyards. As part of normal cleanup operations, Department of Public Works professionals will return to collect eligible brush placed at the curb.

Tree debris that remains on private property is the responsibility of the homeowner. Residents may place brush at the curb for township collection, provided the branches are no larger than four inches in diameter. Larger logs and tree trunks are the homeowner’s responsibility for removal or disposal.

“Our professionals have been working long hours under challenging conditions to clean up our community following the storm,” Gallagher said. “We appreciate their dedication and thank our residents for their continued patience and cooperation as cleanup efforts continue.”

Residents with questions regarding storm debris collection are encouraged to contact the Hanover Township Department of Public Works at (973) 428-2495. Additional contacts include Mayor Gallagher’s office at (973) 441-0114, the Office of Emergency Management at (973) 390-3650, non-emergency police at (973) 428-2511, and Jersey Central Power & Light at 1-888-544-4877 or firstenergycorp.com. In a true emergency, residents should call 911.

Sarah Cotreau Sworn In As Treasurer of Aktion Club Morris County

0
New Jersey District Governor Frank Cahill administers the oath of office to Aktion Club of Morris County member Sarah Cotreau on Wednesday, July 1, joined by Aktion Club Advisor Karen Cassidy.

MORRIS COUNTY — Sarah Cotreau was sworn in as treasurer of the Aktion Club of Morris County on Wednesday, July 1, with New Jersey District Governor Frank Cahill administering the oath of office.

Aktion Club Advisor Karen Cassidy joined in the celebration.

Aktion Club is a Kiwanis International service club program designed specifically for adults with disabilities, offering members the opportunity to develop leadership skills through community service projects. The program emphasizes independence and civic engagement, giving members a platform to give back to their communities while building confidence and social connections.

Rockaway Resident Graduates from University of Tampa

0

DOVER — A Rockaway resident graduated from the University of Tampa during the school’s 162nd commencement ceremony on May 9.

Hayley Brookes earned a Bachelor of Science in Sport Management, joining 1,992 degree-seeking candidates recognized during the ceremony.

The University of Tampa is a private university situated on 110 riverfront acres in downtown Tampa. The school offers about 200 programs of study and enrolls roughly 11,400 students from all 50 states and most countries around the world.

Gerald R. Salerno Joins Einhorn, Barbarito, Frost, Botwinick, Nunn & Musmanno

0
Gerald R. Salerno

MORRIS COUNTY — Gerald R. Salerno has joined Einhorn, Barbarito, Frost, Botwinick, Nunn & Musmanno, P.C. as a partner at the firm’s office at 4 Campus Drive, Suite 300, Parsippany.

Salerno focuses his practice on complex civil and commercial litigation, commercial real estate and transactional matters, zoning and land use, and redevelopment matters. He represents businesses, developers, redevelopers, financial institutions, municipalities, and local boards throughout New Jersey.

He currently serves as Borough Attorney for East Rutherford, Land Use Board Attorney for Wood-Ridge, Planning Board Attorney for Rutherford, and Acting Public Defender for the Pascack Joint Municipal Court. His prior public-sector roles include Special Redevelopment Counsel to the Lodi Planning Board, counsel to the Upper Saddle River Zoning Board of Adjustment, and prosecutor for the boroughs of Wood-Ridge and Oradell.

Salerno is a past president of the Bergen County Bar Association and served for six years as the Bergen County representative to the New Jersey State Bar Association’s Judicial and Prosecutorial Appointments Committee. He has been named to New Jersey Super Lawyers and The Best Lawyers in America in the areas of bet-the-company litigation and commercial litigation.

Salerno earned his law degree from Georgetown University in 1985 and graduated magna cum laude from Seton Hall University in 1982. He previously served as law clerk to the Honorable Charles R. DiGisi, presiding criminal judge of the Superior Court of New Jersey, Bergen County.

Governor Sherrill Signs Energy Legislation, Announces Ratepayer Bill Credits

0
Governor Mikie Sherrill

TRENTON — Governor Mikie Sherrill signed three pieces of energy legislation and announced immediate bill credits for New Jersey utility customers, actions the administration says will save ratepayers more than $1 billion annually when combined with steps taken over the past six months.

The legislation includes a repeal of a utility incentive tied to regional grid membership, new state oversight requirements for utility infrastructure spending, and a measure requiring large data centers to pay for their own energy use and related grid costs rather than shifting those costs to households and small businesses.

Sherrill also announced a $25 credit for all 3.6 million New Jersey ratepayers through the Residential Universal Bill Credit program, along with an additional $150 credit for lower- to moderate-income households through the Residential Energy Assistance Payment program.

“For too long, New Jersey families have paid the price for poor oversight, outdated policies, and rising demand on our electric grid by unchecked actors,” Sherrill said. “Today, we’re putting money back into people’s pockets while holding utility companies and large data centers accountable through stronger oversight and smarter incentives that will drive down costs and strengthen our grid.”

According to the administration, one of the bills eliminates a provision that allowed utility companies to add to their return on equity for participating in the regional transmission organization known as PJM, a cost that had been passed to customers through higher transmission rates. A second bill requires utility companies to seek state approval before constructing certain infrastructure projects, following findings that supplemental project spending accounted for 79 percent of New Jersey ratepayer transmission expenses between 2008 and 2025. A third bill creates a new rate structure for data centers, requiring them to pay for their own energy use and infrastructure needs and to reduce demand before residential customers are affected during periods of grid strain.

The Board of Public Utilities also renewed the Summer Termination Program, which protects vulnerable households from utility shutoffs during extreme heat, and approved 12 new solar projects expected to generate enough electricity to power approximately 45,000 homes.

Assembly Speaker Craig Coughlin, D-Middlesex, said the Legislature has prioritized measures to address both immediate and long-term energy costs. Assemblyman John Bailey, D-Gloucester, Salem, Cumberland, said the data center measure is intended to prevent households and small businesses from bearing the cost of new data center connections to the grid. Dawone Robinson, managing director at the Natural Resources Defense Council, said the measures could help lower costs if implemented effectively, while cautioning that “smart implementation will be essential” to deliver the intended benefits.

Big Brothers Big Sisters of Coastal & Northern New Jersey Mentoring Matches Attend FIFA World Cup

0
BBBSCNNJ Matches had seats with a view at the FIFA World Cup Game on June 30 at the NYNJ Stadium

ASBURY PARK — Mentors and youth participants from Big Brothers Big Sisters of Coastal & Northern New Jersey recently attended a FIFA World Cup 2026 match together at NYNJ Stadium, sharing a day of cheering, laughter, and shared memories.

The organization said the outing reflects its broader approach to mentorship, which emphasizes shared experiences alongside one-on-one conversations to help young people build confidence and see new possibilities.

The organization thanked Governor Mikie Sherrill for helping make the outing possible.

Celebrating 50 years of impact, Big Brothers Big Sisters of Coastal & Northern New Jersey has provided professionally supported, one-to-one mentoring relationships between children and adult volunteers. The organization serves 10 counties across New Jersey, including Morris County, and says its programs help young people grow into confident, capable, and compassionate individuals.

Those interested in becoming a Big Brother or Big Sister, or in donating to the organization, can visit mentornj.org.

Translate »