December 20. 2011 9:01AM
Beautification bucks; lofty financing; expansion in Hamilton.
North
Cross River Bank announced Monday it was making up to $3 million available for local businesses throughout Teaneck to assist businesses in improving signage and facades. Loans of $5,000 to $25,000, payable over three to five years, can be used by businesses to make improvements such as exterior painting, new windows or tree planting.
CB Richard Ellis' Capital Markets Debt and Equity Finance group recently secured $47.5 million in construction financing on behalf of
Prism Capital Partners LLC for The Parkway Lofts at Watsessing Station, a 361-unit multifamily redevelopment of a former loft warehouse building, to be built in Bloomfield.
Managed Health Care Associates Inc., in Florham Park, announced Monday a subsidiary,
Navigator Group Purchasing, will acquire
UHF Purchasing Services and
Star Purchasing Services LLC from
Extendicare Health Services Inc. The transaction is expected to close in early 2012; terms were not disclosed.
Amgen and
Watson Pharmaceuticals Inc., in Parsippany, announced Monday a collaboration to develop and commercialize several oncology medicines. Amgen will assume primary responsibility for developing, manufacturing and commercializing the products, while Watson will contribute up to $400 million in co-development costs over the course of development, and initially receive royalties and sales milestones from product revenues.
Central
Billtrust announced Tuesday it is moving its corporate headquarters and New Jersey operations center to larger facilities in Hamilton, from its current location in Jamesburg.
South
Jacobs Engineering Group Inc. announced Monday it has been awarded a contract from Morris Township-based
Honeywell International Inc. to provide engineering services for the expansion of its Baton Rouge, La., manufacturing facility. Jacobs is executing the work from its offices in Mount Laurel.
