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Manasquan, NJ

Business
Jersey Mike’s Sells Majority Stake To Blackstone, Chain's Founder Aims For 'Greater Heights' Jersey Mike’s Sells Majority Stake To Blackstone, Chain's Founder Aims For 'Greater Heights'
Jersey Mike’s Sells Majority Stake To Blackstone, Chain's Founder Aims For 'Greater Heights' Jersey Mike’s Subs, a Garden State icon that grew into a national sandwich powerhouse, is set to sell a majority stake to private equity giant Blackstone, officials said. The Manasquan-based restaurant chain has agreed to sell the stake in the company, Blackstone said in a news release on Tuesday, Nov. 19. Jersey Mike’s founder and CEO Peter Cancro will keep a significant equity share and continue leading the business. When he was 14 years old, Cancro began working at the original location in Point Pleasant that opened as Mike's Subs in 1958. At 17, he bought the restaurant in 1975 and…

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by Chris Spiker
Weather
Storm Update: Flooding, Crashes Close NJ Roads Storm Update: Flooding, Crashes Close NJ Roads
Storm Update: Flooding, Crashes Close NJ Roads Following fierce storms swept through the region Tuesday evening, Aug. 6, many roadways were still flooded and wet, making for treacherous commutes Wednesday, Aug. 7. As of 8 a.m., Route 17 north was closed in Hasbrouck Heights at Route 46 due to flooding. The borough's fire department shared scenes from local streets. Last night, members stood by at the firehouse in anticipation of the storm. For several hours, the department responded... Posted by Hasbrouck Heights Fire Department on Wednesday, August 7, 2024 Last night, members stood by at the firehouse in anticipation of the st…

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by Cecilia Levine