AGP Executive Report
Last update: 5 hours agoIndustrial Development: Kurv is building a 471,231-square-foot warehouse in Perth Amboy, with occupancy expected early next year. Food & Consumer Brands: Private equity firm Stride Consumer Partners bought Clio Snacks, which expects to make more than 150 million yogurt bars this year at its New Jersey plant. True Food Kitchen filed for Chapter 11 and is closing its Edison and Hackensack restaurants among 12 nationwide. Life Sciences: New Jersey-based Bristol Myers Squibb reported positive late-stage results for its experimental lung-disease drug at a lower dose and a Phase 3 win for its cancer therapy RYZ101. Business Growth: MikeWorldWide, founded in New Jersey 40 years ago, expects annual billings near $75 million as it expands globally. At the ON3 campus in Clifton and Nutley, 1.55 million square feet of office, research and retail space is now fully occupied, with more development planned. Housing & Consumer Costs: New Jersey renters had one of the nation’s lowest mobility rates, at 15.5% in 2024; a separate state report says rents are rising while rebates remain frozen. Newark Airport: American Express is expanding its Centurion Lounge at Newark, according to the company’s announcement.
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