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Grapevine

Grapevine: The unkindest cut of all

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Marcus & Millichap completes sale in Garfield

By Mario Marroquin
June 28, 2017 10:27 AM

Commercial real estate firm Marcus & Millichap recently announced it has completed the sale of an eight-unit apartment in Garfield for $1.5 million from a limited liability company to a private investor. CONTINUE READING

Interpace signs pact with Aetna for thyroid tests

By NJBIZ STAFF
June 28, 2017 11:29 AM

Interpace Diagnostics Group Inc., a Parsippany-based diagnostic test company, has signed a national contract with Aetna to provide a pair of molecular tests for thyroid nodules. CONTINUE READING

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Cooper opens Runnemede urgent care center

By Anjalee Khemlani
June 28, 2017 09:49 AM

Cooper University Health Care opened a new urgent care center in Runnymede. CONTINUE READING

C&K, =SPACE open Newark coworking space

By Mario Marroquin
June 27, 2017 10:11 AM

At 2 Gateway Center in Newark, C&K Properties and =SPACE recently opened Public SPACE, a coworking space for tech-oriented and digital creative entrepreneurs. CONTINUE READING

Chubb names EVP to oversee management liability unit

By Eric Strauss
June 27, 2017 10:43 AM

Property and casualty insurer Chubb, which has its U.S. headquarters in Whitehouse Station, has named an executive vice president to lead its private/not-for-profit management liability business, it announced Monday. CONTINUE READING

Retro Fitness hires chief operations officer

By Eric Strauss
June 27, 2017 12:59 PM

Retro Fitness, the Colts Neck-based franchiser of low-cost gyms, announced Tuesday it has named its first chief operations officer. CONTINUE READING

Sitex Group completes purchases in Englewood, West Caldwell

By Mario Marroquin
June 26, 2017 01:41 PM

In an effort to expand its industrial footprint in northern New Jersey, commercial real estate firm Sitex Group has purchased two assets, at 205 Jackson St., Englewood, and 40 Fairfield Place, West Caldwell. CONTINUE READING

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New Jersey hospitals are miffed that Chris Christie went to New York for his weight-loss lap-band surgery, Grapevine has heard.

"The hospital industry is not happy with the governor that he went to New York for health care. We know he has concerns about privacy—so go to California, go to Florida. Why would you go to New York City for what is an out-patient procedure?" a health care source told Grapevine about the same-day surgery at the NYU Langone Medical Center.

New Jersey hospitals have been striving for years to emerge from Manhattan's shadow and convince patients that they don't need to cross the river for high-quality health care. The source said of Christie: "He's Mr. New Jersey, but when it comes to his own health care, he had to go somewhere else."

Did Christie leave the state in the hope of keeping his surgery secret?

"That tells me he doesn't trust the hospitals in New Jersey to do what they are supposed to do — which is protect his privacy."

Pernetti part of Big East legacy

It appears Rutgers University won't achieve a total separation from Tim Pernetti, at least until it resolves its ongoing legal tussle with the Big East.

The ousted athletic director's name is all over recent documents in Rutgers' case against its former conference, which centers on the university's bid to move to the Big Ten.

The newest filings from the case include a 6-page "certification" from Pernetti that details his tenure as athletic director, the departures of other schools from the conference and his dealings with the Big East's board of directors leading up to Rutgers' decision.

Rutgers sued the Rhode Island-based conference in November seeking a waiver of a $10 million exit fee and the required 27 months' notice to withdraw, while demanding its share of nearly $40 million in exit fees the conference is collecting from other departed schools. The suit also alleges the Big East has "selectively decided not to enforce its bylaws" for other institutions that have left in recent years.

The Big East hopes to have the case scrapped or at least moved to arbitration in Rhode Island, but Rutgers' attorneys are contesting whether the conference can make such a change. In its filings, Rutgers says President Robert Barchi, who has the sole authority to vote for the university, was not at a November board of directors meeting at which the conference amended its bylaws and enacted the "arbitration requirement."

Also at the Nov. 13 meeting, which Pernetti attended in Barchi's place, the board voted to have football schools pay a $10 million penalty if they leave the conference, the court filings said. Attorneys argue Rutgers never consented to the amendments because Barchi was not there to cast a vote; Rutgers withdrew from the conference a week later.

The chain of events is recounted in Pernetti's certification, dated April 29, among other recent documents. Pernetti had resigned about three weeks earlier in the wake of the scandal involving men's basketball coach Mike Rice, who was seen on video verbally and physically abusing his players last year.

In an April 29 response, attorneys for the Big East noted that "there is no genuine dispute that Rutgers is bound" by changes in the bylaws because a majority of the board voted to adopt them, and because the university had proper notice of the proposed amendments.

Grapevine reports on the behind-the- scenes buzz in the business community. Contact Editor Sharon Waters at sharonw@njbiz.com.

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Grapevine: The unkindest cut of all

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Latest News

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New Jersey hospitals are miffed that Chris Christie went to New York for his weight-loss lap-band surgery, Grapevine has heard.

"The hospital industry is not happy with the governor that he went to New York for health care. We know he has concerns about privacy—so go to California, go to Florida. Why would you go to New York City for what is an out-patient procedure?" a health care source told Grapevine about the same-day surgery at the NYU Langone Medical Center.

New Jersey hospitals have been striving for years to emerge from Manhattan's shadow and convince patients that they don't need to cross the river for high-quality health care. The source said of Christie: "He's Mr. New Jersey, but when it comes to his own health care, he had to go somewhere else."

Did Christie leave the state in the hope of keeping his surgery secret?

"That tells me he doesn't trust the hospitals in New Jersey to do what they are supposed to do — which is protect his privacy."

Pernetti part of Big East legacy

It appears Rutgers University won't achieve a total separation from Tim Pernetti, at least until it resolves its ongoing legal tussle with the Big East.

The ousted athletic director's name is all over recent documents in Rutgers' case against its former conference, which centers on the university's bid to move to the Big Ten.

The newest filings from the case include a 6-page "certification" from Pernetti that details his tenure as athletic director, the departures of other schools from the conference and his dealings with the Big East's board of directors leading up to Rutgers' decision.

Rutgers sued the Rhode Island-based conference in November seeking a waiver of a $10 million exit fee and the required 27 months' notice to withdraw, while demanding its share of nearly $40 million in exit fees the conference is collecting from other departed schools. The suit also alleges the Big East has "selectively decided not to enforce its bylaws" for other institutions that have left in recent years.

The Big East hopes to have the case scrapped or at least moved to arbitration in Rhode Island, but Rutgers' attorneys are contesting whether the conference can make such a change. In its filings, Rutgers says President Robert Barchi, who has the sole authority to vote for the university, was not at a November board of directors meeting at which the conference amended its bylaws and enacted the "arbitration requirement."

Also at the Nov. 13 meeting, which Pernetti attended in Barchi's place, the board voted to have football schools pay a $10 million penalty if they leave the conference, the court filings said. Attorneys argue Rutgers never consented to the amendments because Barchi was not there to cast a vote; Rutgers withdrew from the conference a week later.

The chain of events is recounted in Pernetti's certification, dated April 29, among other recent documents. Pernetti had resigned about three weeks earlier in the wake of the scandal involving men's basketball coach Mike Rice, who was seen on video verbally and physically abusing his players last year.

In an April 29 response, attorneys for the Big East noted that "there is no genuine dispute that Rutgers is bound" by changes in the bylaws because a majority of the board voted to adopt them, and because the university had proper notice of the proposed amendments.

Grapevine reports on the behind-the- scenes buzz in the business community. Contact Editor Sharon Waters at sharonw@njbiz.com.

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