TRENTON-The governor has proposed a 10% across-the-board income tax cut as part of his $32.1-billion budget. Democrats contend that property tax cuts would be a better boost for the middle and working class.

TRENTON-Commercial real estate leaders are liking a proposal for turning foreclosures into affordable housing. Federal and state funds would fund the new program.

WOODBRIDGE, NJ-The nonperforming portfolio previously held by Investors Bank consisted of 26 loans around New Jersey.

WALL, NJ-New Jersey’s fast-growing solar producer has nearly quadrupled its office space. The company has relocated from a 35,000-square-foot space in Freehold to a 140,000-square-foot-facility on Allenwood Road, off Route 34 South.

PARAMUS, NJ-The properties, all located on Route 17, consist of big-box retail, with one location including office space.

FRANKLIN TOWNSHIP, NJ-Despite cutting the number of fixtures by more than 30%, SHI's new headquarters is seeing better light while saving money, says designer Cornerstone Architectural Group.

WEEHAWKEN, NJ-The $12.5-million transaction on the Simone was originated by Meridian Capital.

EDISON, NJ-Medical and pharmaceutical service providers dominated leases in the Northern and Central portions of the state, CEO Mitchell Hersh says.

NEWARK-Fidelco Realty Group’s plans call for the gutting and rebuilding of seven buildings along Market Street into residential, retail and restaurants close to the Prudential Center.

PASSAIC, NJ-The 32-unit building was sold for $3 million in 1031 exchange, says CBRE’s Private Capital Group.

EAST RUTHERFORD, NJ-Panelists at the Urban Land Institute’s Northern New Jersey forum on Thursday outlined their concerns—and a contingency plan--for making the big game a successful one for both the city and suburbs at MetLife Stadium.

JERSEY CITY-The waterfront building, acquired by CBRE Realty Trust in the largest per-square-foot sale in state history, has a 159,000-square-foot block on three floors available.

SADDLE BROOK, NJ-Office tenants continue to flock to class A space, says CBRE's Fourth Quarter 2011 New Jersey Office MarketView.

JERSEY CITY-The waterfront building, acquired by CBRE Realty Trust in the largest per-square-foot sale in state history, has a 159,000-square-foot block on three floors available.

NEWARK-Govs. Christie and Florio joined Mayor Cory Booker, Goldman Sachs chairman and CEO Lloyd Blankfein, and other officials to begin construction on the $120-million residential/education/retail complex in downtown.

EAST RUTHERFORD, NJ-Members of the Urban Land Institute’s Northern New Jersey chapter got the inside track about the big game coming to the Meadowlands—and an exclusive tour of the stadium. Click through for exclusive GlobeSt.com photos.

EDISON, NJ-Its 2,500-unit rental development in Jersey City could “be 20% of what the company is today,” says CEO Mitchell Hersh, during a company earnings call.

HOBOKEN, NJ-Pearson is moving to Waterfront Corporate Center in Hoboken from Upper Saddle River in New Jersey.

NORTH BRUNSWICK, NJ-The company has signed a deal for a 32,000-square-foot research and development facility at NJEDA’s Technology Centre of New Jersey.

HASBROUCK HEIGHTS, NJ-With net absorption on the rise in Northern and Central New Jersey, rents are beginning to edge up, and spec development has started, says Jones Lang LaSalle’s fourth-quarter Market Snapshot.