Petco plans to close 25 US stores by 2025, matching 2024’s total. Sales and shop performance fell, necessitating the decision. Experts say Petco’s action is part of its bigger effort to improve its operating strategy and profitability. Petco lost 2.3 percent in second-quarter net sales, earning $1.5 billion from its pet sector. Comparable store sales…
A federal judge nullified the $1.5 million sale of a Margate City property because the sellers concealed considerable improvements done without licenses. This verdict emphasizes the need of transparency and local construction rules in real estate transactions. The lawsuit concerns a Tudor-style home in Margate’s Marven Gardens neighborhood. Vincent and Therese Novelli bought the four-bedroom…
New Jersey governor Phil Murphy arrived in New Delhi Wednesday night. His work trip to India lasts a week. The group, which includes First Lady Tammy Murphy, aims to strengthen the state’s corporate connections with a major trade and investment partner. The journey will stop in Bengaluru, Hyderabad, and Mumbai to network and find investment…
Kean University in New Jersey received $10 million from the state to prepare for its merger with New Jersey City University. This funding is part of New Jersey’s budget and shows merger momentum. Kean University would take over NJCU’s assets and liabilities and manage it in Jersey City as “Kean Jersey City,” after the process…
A one-day online real estate auction of 58 properties and land parcels is planned for Atlantic City. Residential and commercial assets from single lots to multi-parcel packages are available. Tranzon Auction Properties manages the auction online, with registrations, property data, and bidding. The property includes three beach-block residential structures with prime coastal locations. Multi-parcel assemblages,…
New Jersey passed a broad measure to shift vehicle recall costs from consumers and local dealers to automakers accountable for faulty parts or design. Motor Vehicle Open Recall Notice and Fair Compensation Act (Law S-3309/A-4380), signed by Governor Phil Murphy on September 11, 2025, protects car owners, dealerships, and auto mechanics in the state. The…
Many big U.S. companies have reversed remote-work and hybrid policies in recent months, requiring employees to return to work. The latest company to announce such an edict has garnered notice for its clear stance: remote and hybrid workers must return to the office regularly. This move continues the post-pandemic evolution of work norms. Executives are…
Bad Bunny’s Puerto Rico residency has brought nearly $200 million in economic benefits in addition to sold-out gigs. Around 400,000 people attended the 30-show series, “No Me Quiero Ir de Aquí,” held at San Juan’s José Miguel Agrelot Coliseum from July to mid-September. It has become a cultural and musical phenomenon. It was conceived as…
Businesses in Cape May County are worried that New Jersey’s new environmental law will make it harder for them to grow. The Cape May County Chamber of Commerce is looking at NJDEP rules that have an effect on businesses and consumers. The chamber says the rules will help with environmental and climate problems all over…
The $13.2 million sale of a prominent medical office building in Morristown, New Jersey, was a major healthcare real estate deal this summer. Morris County’s specialist medical activities have long been centered in Madison Avenue Medical Plaza, less than a mile from Morristown Medical Center. The three-story, 58,440-square-foot tower at 310 Madison Avenue lies on…
