Tag:

Woodbridge Township, NJ

$70.4M Sale Of NJ Mall Means $155.7M Loss For Investors, Report Says $70.4M Sale Of NJ Mall Means $155.7M Loss For Investors, Report Says
$70.4M Sale Of NJ Mall Means $155.7M Loss For Investors, Report Says Seventy million may seem like a lot. But context is everything. New Jersey's troubled Woodbridge Center sold to an unnamed buyer for $70.4 million in February, according to credit-rating firm Kroll. While the sale resolved a loan issue, investors suffered a $155.7 million loss, Kroll Bond Rating Agency (KBRA) said. In 2015, the 1.7 million-square-foot mall was acquired by Brookfield when it was appraised at $366 million, according to CoStar, a DC-based commercial real estate firm that analyzes market trends. The February 2024 sale was even lower than its most recent appraisal last Oct…
Plant Worker Dies In Central Jersey Industrial Accident: Reports Plant Worker Dies In Central Jersey Industrial Accident: Reports
Plant Worker Dies In Central Jersey Industrial Accident: Reports A plant worker died in a Central Jersey industrial accident this week, various reports say. The female worker died in a heavy machinery accident at United Premium Foods on Amboy Avenue in Woodbridge Township, Friday afternoon, July 28, CBS News reports. Lenore Uddyback-Fortson, regional director for the Occupational Safety and Health Administration (OSHA) confirmed an investigation is underway.  United Premium Foods CEO Ken Mayer told the outlet the entire company was devastated by the loss of the longtime employee. Click here for more from CBS News.
Route 9 Sign Honoring High School Cheerleader Killed In Crash Ordered Removed, Mom Says Route 9 Sign Honoring High School Cheerleader Killed In Crash Ordered Removed, Mom Says
Route 9 Sign Honoring High School Cheerleader Killed In Crash Ordered Removed, Mom Says The sign honoring 16-year-old Jennifer Metzger has stood along Route 9 in Woodbridge Township for nearly a decade. Now, officials want it gone. The Colonia High School cheerleader was killed in a single-car crash in 2009. Jennifer's parents established the JEMMS Foundation Inc., a year after her death, to provide scholarships to high school students in her nae and raises awareness toward reckless driving. Part of the latter was the Route 9 sign, which has stood in its place since around 2012, with the OK from the DOT.  Jennifer's mom, Lisa Metzger, says the sign serves not on…