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developer

Jackson Zoning Board halts 1,100-home project, sends developer back to the drawing board

July 17, 2025July 17, 2025 by Phil Stilton
Jackson zoning board halts 1,100-home project, sends developer back to the drawing board - photo licensed by shore news network.

JACKSON, N.J. — The Jackson Zoning Board, under the legal advice of attorney Jean Cipriani, scored a victory against a contentious proposed high-density developent at … Read more

Developer Threatens to Sue Jackson For $120 Million After Town Council Closes Overdevelopment Loophole

January 9, 2025 by Phil Stilton
Developer threatens to sue jackson for $120 million after town council closes overdevelopment loophole - photo licensed by shore news network.

JACKSON, N.J. — Vito Cardinale, the principal developer of Adventure Crossing, has threatened to sue Jackson Township over an ordinance passed last year that blocks … Read more

Lakewood Developer Threatens Action Against Toms River Mayor for Downtown Project Delay

August 14, 2024 by Phil Stilton
Lakewood developer threatens action against toms river mayor for downtown project delay - photo licensed by shore news network.

TOMS RIVER, NJ – Development has stalled at a large mixed-use urban style construction project in Downtown Toms River. The lawyers for Moshe Tress, a … Read more

Exclusive-Novartis in the lead to acquire cancer drug developer MorphoSys-sources

February 5, 2024 by Reuters
Exclusive-novartis in the lead to acquire cancer drug developer morphosys-sources - photo licensed by shore news network.

By David Carnevali (Reuters) -Drug maker Novartis AG is in advanced talks to acquire MorphoSys AG, a developer of cancer treatments that has a market … Read more

Cancer drug developer CG Oncology valued at $1.75 billion in strong debut

January 25, 2024January 25, 2024 by Reuters

By Pritam Biswas (Reuters) -Cancer drug developer CG Oncology notched up a valuation of $1.75 billion in its market debut on Thursday, after its shares … Read more

SQM ties up with Hancock on $1.1 billion bid for Australian lithium developer Azure

December 18, 2023December 18, 2023 by Reuters
Sqm ties up with hancock on $1. 1 billion bid for australian lithium developer azure - photo licensed by shore news network.

By Melanie Burton MELBOURNE (Reuters) -Chile’s SQM has teamed up with Australia’s richest person, Gina Rinehart, to make a sweetened A$1.7 billion ($1.14 billion) bid … Read more

Chinese developer Shimao trades flat after issuing plan to revamp offshore debt

December 7, 2023 by Reuters
Chinese developer shimao trades flat after issuing plan to revamp offshore debt - photo licensed by shore news network.

HONG KONG (Reuters) – Shares in Chinese property developer Shimao Group were flat on Friday after it issued a restructuring plan to reduce up to … Read more

Engine Capital pushes for changes at cancer therapy developer 2seventy bio

December 6, 2023December 6, 2023 by Reuters

(Reuters) -Activist investor Engine Capital on Wednesday sent a letter to the board of cancer therapy developer 2seventy bio, urging a board refresh and the … Read more

Agoura Hills Property Developer Sentenced to Nearly 3½ Years in Prison for Lying on Bankruptcy Petition and Filing False Federal Tax Returns

November 15, 2023 by Indira Patel

LOS ANGELES – An Agoura Hills real estate developer was sentenced today to 41 months in federal prison for failing to disclose on a bankruptcy … Read more

Fallout Leading Offshore Wind Developer Pulls Plug On Two Projects

November 5, 2023 by The Daily Caller
Fallout leading offshore wind developer pulls plug on two projects - photo licensed by shore news network.

Leading Offshore Wind Developer Pulls Plug On Two Projects Nick Pope on October 31, 2023 A major offshore wind developer announced that it is cancelling … Read more

OpenAI to make models cheaper, more powerful in its first developer conference

November 3, 2023November 3, 2023 by Reuters
Openai to make models cheaper, more powerful in its first developer conference - photo licensed by shore news network.

By Anna Tong and Krystal Hu ChatGPT maker OpenAI is expected to announce product enhancements that will make its AI models cheaper, with more functionality, … Read more

Governor Murphy Announces Legal Fight to Force Windfarm Developer to ‘Fulfill its Obligations’

November 1, 2023 by Conservative Times
Governor murphy announces legal fight to force windfarm developer to 'fulfill its obligations' - photo licensed by shore news network.

NEW JERSEY, NJ – Governor Murphy pledged to initiate a legal fight against Danish wind farm developer Orsted after the company abruptly abandoned its Ocean … Read more

Former FBI Special Agent and D.C. Real Estate Developer Sentenced for Role in Bribery Schemes

October 18, 2023 by Indira Patel

            WASHINGTON – David Paitsel, 42, a former FBI agent, and Brian Bailey, 53, a D.C. real estate developer were … Read more

China developer Kaisa tells court creditors will get less than 5% back if liquidated

October 10, 2023 by Reuters
China developer kaisa tells court creditors will get less than 5% back if liquidated - photo licensed by shore news network.

HONG KONG (Reuters) – Struggling Chinese property developer Kaisa Group said creditors would get less than 5% of their money back if it is forced … Read more

Testa Bill to Address Developer Bribes in New Jersey

October 1, 2023 by Press Release
Sen. Michael Testa introduced legislation to address developer bribes in New Jersey after multiple reports of corruption have flown under the radar.

Chinese developer Sunac seeks Chapter 15 protection in New York court

September 19, 2023 by Reuters
Chinese developer sunac seeks chapter 15 protection in new york court - photo licensed by shore news network.

(Reuters) -Chinese developer Sunac China Holdings has filed for Chapter 15 protection from creditors in a U.S. bankruptcy court, court documents showed on Tuesday. The … Read more

Cash-squeezed developer Country Garden faces another dollar coupon deadline

September 17, 2023 by Reuters
Cash-squeezed developer country garden faces another dollar coupon deadline - photo licensed by shore news network.

By Xie Yu HONG KONG (Reuters) – Embattled Chinese property developer Country Garden faces yet another liquidity test with Monday’s deadline to pay $15 million … Read more

Albemarle aims to close buyout of lithium developer Liontown by mid-2024

September 5, 2023 by Reuters
Albemarle aims to close buyout of lithium developer liontown by mid-2024 - photo licensed by shore news network.

(Reuters) -Albemarle, the world’s largest lithium producer, aims to close its buyout of junior Australian rival Liontown Resources by the middle of 2024, its chief … Read more

Stocks for New Jersey’s Offshore Wind Developer Orsted Crash

August 31, 2023 by Phil Stilton
Stocks for new jersey's offshore wind developer orsted crash - photo licensed by shore news network.

ATLANTIC CITY, NJ – Orsted, the company tasked by New Jersey Governor Phil Murphy saw its shares plummet today in a sign of bad news … Read more

China developer Vanke sees pressure on profit amid market downturn

August 31, 2023 by Reuters
China developer vanke sees pressure on profit amid market downturn - photo licensed by shore news network.

HONG KONG (Reuters) – Chinese state-backed property developer China Vanke said its profit would be under pressure in the short term amid a market correction, … Read more

Bucco Calls on Democrats to Answer For $1 Billion Bailout of Foreign Wind Developer After Company Reports Significant Earnings

August 15, 2023 by Press Release
Sen. Anthony M. Bucco blasted Democrats for approving a $1 billion bailout of foreign wind developer, Orsted, after a press release from the company indicated strong first half profits in their offshore wind business.

Munich developer insolvent in latest blow to German property sector

August 11, 2023 by Reuters
Munich developer insolvent in latest blow to german property sector - photo licensed by shore news network.

By Tom Sims FRANKFURT (Reuters) – A Munich-based property developer said on Friday it had filed to open insolvency proceedings with a local court, in … Read more

Moody’s cuts ratings of Chinese developer Country Garden

August 10, 2023 by Reuters
Moody's cuts ratings of chinese developer country garden - photo licensed by shore news network.

(Reuters) – Ratings agency Moody’s on Thursday downgraded Chinese developer Country Garden’s corporate family rating (CFR) to Caa1 from B1, citing heightened liquidity and refinancing … Read more

After Democrat’s $1 Billion Bailout of Foreign Wind Developer, Bucco Renews Call for Offshore Wind Moratorium to Assess True Impacts to Ratepayers, Environment

August 9, 2023 by Press Release
Sen. Anthony M. Bucco called on legislators to return to Trenton and vote on a wind moratorium.

China developer Yuzhou offers debt restructuring plan

August 7, 2023 by Reuters

HONG KONG (Reuters) – Chinese property developer Yuzhou Group rolled out a plan to restructure its debt after defaulting on dollar bond payments last year, … Read more

China developer Country Garden to raise $300 million – term sheet

July 31, 2023 by Reuters
China developer country garden to raise $300 million - term sheet - photo licensed by shore news network.

By Summer Zhen (Reuters) – Chinese property developer Country Garden Holdings will raise $300 million in a primary placement in an attempt to repay its … Read more

Australian developer Lendlease to cut about 740 jobs globally

July 17, 2023July 17, 2023 by Reuters

By Scott Murdoch and Lewis Jackson SYDNEY (Reuters) -Australian developer Lendlease will cut about 740 jobs globally, or roughly 10% of its workforce, according to … Read more

Foreign Off-Shore Wind Farm Developer Now Suing Jersey Shore Communities

July 15, 2023July 14, 2023 by Conservative Times
Foreign off-shore wind farm developer now suing jersey shore communities - photo licensed by shore news network.

CAPE MAY, NJ – 0rsted, the offshore wind turbine company that just received a billion-dollar state bail-out to build a wind farm off the coast … Read more

Durr Opposes Bill Redirecting $1 Billion of Ratepayer Relief to Foreign Wind Farm Developer

June 29, 2023 by Press Release
Sen.Ed Durr expressed his strong opposition to legislation that would redirect up to $1 billion from ratepayers to a foreign company that is building a disputed wind farm off the coast of New Jersey.

Controversial New Jersey offshore wind developer Asking for more taxpayer funds

June 25, 2023 by Phil Stilton
Controversial new jersey offshore wind developer asking for more taxpayer funds - photo licensed by shore news network.

SEASIDE HEIGHTS, NJ – According to a Politico article by Ry Rivard, the Danish wind developer responsible for constructing New Jersey’s first industrial offshore wind … Read more

Lawyer for Toms River’s Downtown Hi-Rise Developer Hosts Fundraiser for Mo Hill

June 1, 2023 by Phil Stilton
Lawyer for toms river's downtown hi-rise developer hosts fundraiser for mo hill - photo licensed by shore news network.

TOMS RIVER, NJ – Two weeks ago, Toms River Mayor Maurice “Mo” Hill claimed Capodagli, Inc., the builder he sold a prime piece of real … Read more

Selling Toms River School Property to Developer was ‘never an option’, Superintendent

May 4, 2023May 4, 2023 by Phil Stilton
Selling toms river school property to developer was 'never an option', superintendent - photo licensed by shore news network.

TOMS RIVER, NJ – The land deal by the Township of Toms River to purchase a 17-acre tract of land near Silver Bay Elementary School … Read more

Developer seeks variance for minor subdivision for construction of duplex in Lakewood

April 26, 2023 by Phil Stilton
Developer seeks variance for minor subdivision for construction of duplex in lakewood - photo licensed by shore news network.

LAKEWOOD, NJ – River Equities, LLC has submitted an application for Minor Subdivision, Conditional Use, and Bulk Variance approval of Lot 8 in Block 420.01, … Read more

We’re Concerned: Seaside Heights mayor speaks out on delays by 10-story building developer

April 9, 2023 by Phil Stilton
We're concerned: seaside heights mayor speaks out on delays by 10-story building developer - photo licensed by shore news network.

SEASIDE HEIGHTS, NJ – For years it was one of the most iconic structures in Seaside Heights—a rusted-out steel framed skeleton of a building that … Read more

Chinese property developer Sunac posts $2 billion core loss in 2022

March 31, 2023 by Reuters
Chinese property developer sunac posts $2 billion core loss in 2022 - photo licensed by shore news network.

HONG KONG (Reuters) – Major property developer Sunac China on Friday logged a net narrowing core loss of 13.86 billion yuan ($2.02 billion) in 2022, … Read more

Mobile games developer Huuuge says has $24.2 million at SVB

March 13, 2023 by Reuters
Mobile games developer huuuge says has $24. 2 million at svb - photo licensed by shore news network.

(Reuters) – Mobile games developer Huuuge Inc said late on Saturday about 10% of its cash and securities were held at the collapsed Silicon Valley … Read more

Iraq war veteran to challenge Iranian-born developer in bid for Ocean County Commissioner

February 23, 2023February 23, 2023 by Phil Stilton
Iraq war veteran to challenge iranian-born developer in bid for ocean county commissioner - photo licensed by shore news network.

LAKEWOOD, NJ – United States Air Force Lt. Colonel Menashe Miller, a veteran of the Global War on Terror (GWOT) has announced he is challenging … Read more

General Contractor And Real Estate Developer Plead Guilty In Connection With Worker Death On Construction Site In Poughkeepsie

February 4, 2023 by DOJ Press

Damian Williams, the United States Attorney for the Southern District of New York, announced today that ONEKEY, LLC, a New Jersey construction company, and its … Read more

Non-Fungible Token (NFT) Developer Charged in Multi-Million Dollar International Fraud Scheme

January 5, 2023 by DOJ Press
Non-fungible token (nft) developer charged in multi-million dollar international fraud scheme - photo licensed by shore news network.

A criminal complaint was unsealed today in federal court in Brooklyn charging Aurelien Michel, a French national residing in the United Arab Emirates (UAE), with … Read more

Developer China South City sells 70% stake in Xian projects for $717 million

December 18, 2022 by Reuters

HONG KONG (Reuters) – Chinese logistics and commercial developer China South City Holdings Limited said it had agreed to sell a nearly 70% shareholding in … Read more

Developer Sentenced to 4 Years in Federal Prison for Offering a Million-Dollar Bribe to Secure a $45 Million L.A. County Lease

December 15, 2022 by DOJ Press
Developer sentenced to 4 years in federal prison for offering a million-dollar bribe to secure a $45 million l. A. County lease - photo licensed by shore news network.

          LOS ANGELES – A real estate developer was sentenced today to 48 months in federal prison for offering to buy a million-dollar home for … Read more

Real Estate Developer and Attorney Both Admit to Multimillion-Dollar Mortgage Fraud Scheme

November 23, 2022 by DOJ Press
Real estate developer and attorney both admit to multimillion-dollar mortgage fraud scheme - photo licensed by shore news network.

TRENTON, N.J. – A New Jersey real estate developer and attorney each admitted today to conspiring to orchestrate a mortgage fraud scheme that led to … Read more

Stellantis to buy software developer aiMotive in autonomous driving push

November 17, 2022 by Reuters
Stellantis to buy software developer aimotive in autonomous driving push - photo licensed by shore news network.

MILAN (Reuters) – Carmaker Stellantis said on Thursday it had agreed to buy aiMotive, a Hungary-based developer of advanced artificial intelligence and autonomous driving software, … Read more

Carlyle launches European clean energy developer: ‘We would rather build’

November 15, 2022 by Reuters
Carlyle launches european clean energy developer: 'we would rather build' - photo licensed by shore news network.

By Isla Binnie NEW YORK (Reuters) – Private equity firm Carlyle Group Inc has formed a unit to build solar and other renewable energy plants … Read more

Chinese developer Greenland seeks offshore bond payment extension

October 31, 2022October 31, 2022 by Reuters
Chinese developer greenland seeks offshore bond payment extension - photo licensed by shore news network.

By Xie Yu HONG KONG (Reuters) – Chinese property developer Greenland Holdings Corp said on Monday it was seeking its offshore bondholders’ approval to extend … Read more

Chicago Real Estate Developer Puts Fizz into A&W’s Growth Strategy with Plans for Five Restaurants

October 22, 2022 by Jessica Woods
Chicago real estate developer puts fizz into a&w’s growth strategy with plans for five restaurants - photo licensed by shore news network.

Lee and Karin Fry Reopening Former Burger King as an A&W Iconic brand focusing on Chicago as part of aggressive expansion plan Lexington, KY  (-)  … Read more

After meeting with prominent Lakewood developer, Flemming accused of selling out, but did he?

October 14, 2022 by Phil Stilton
After meeting with prominent lakewood developer, flemming accused of selling out, but did he? - photo licensed by shore news network.

JACKSON, NJ – Last week, Jackson Township Councilman Marty Flemming hosted a $300 per head fundraiser at a golf course owned by Mordechai Eichorn, a … Read more

Flemming backs off pledge to stop overdevelopment in Jackson days after meeting with Lakewood developer

October 12, 2022October 12, 2022 by Phil Stilton
Flemming backs off pledge to stop overdevelopment in jackson days after meeting with lakewood developer - photo licensed by shore news network.

JACKSON TOWNSHIP, NJ – Jackson Township Council President Marty Flemming is running for mayor in November and along the campaign trail, has pledged to stop … Read more

Lansing Real Estate Developer Sentenced To Prison For Tax Evasion

October 12, 2022 by DOJ Press
Lansing real estate developer sentenced to prison for tax evasion - photo licensed by shore news network.

Scott Chappelle Concealed Income and Assets to Avoid Paying More than $1.6 Million in Taxes, While Maintaining a Lavish Lifestyle           … Read more

Former FBI Special Agent and D.C. Real Estate Developer Found Guilty of Bribery

October 7, 2022 by DOJ Press
Former fbi special agent and d. C. Real estate developer found guilty of bribery - photo licensed by shore news network.

            WASHINGTON –A former FBI agent and a real estate developer were found guilty by a jury today of federal … Read more

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