AGP Executive Report
Last update: 5 hours agoPension Fund: New Jersey’s public employee pension fund returned 14.82% in the fiscal year ending June 30, its third straight year of double-digit gains. The state is making a record $7.3 billion contribution. Industrial Real Estate: Warehouse demand strengthened in the third quarter, with 5 million square feet of net absorption. Class A vacancy fell to 8.5%, while older buildings made up 62% of vacant industrial space. Business Costs: A new report says New Jersey has the nation’s best internet value, at 46 cents per megabit per second. Consumer Protection: New Jersey joined the FTC and 19 other states in suing Dollar General, alleging customers were repeatedly charged more at checkout than advertised. Jobs: Teva plans to cut 61 jobs at its Fairfield facility as it moves manufacturing out of New Jersey.
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