Fast Lane

News from the business community

Deaths

Pamela A. Holland, 71, on January 9. She had retired after 34 years with the Mercer County Board of Social Services.

Is NJ Still the Innovation State?

While Jerry Fennelly’s report paints a rosy picture of the Princeton-area commercial real estate market, the “Indicators of Innovation” report recently released by the New Jersey Business & Industry Association (NJBIA) questions whether New Jersey can still claim to be the “Silicon Valley of the East,” as it was in the heydays of Edison, Tesla, and others.

Commercial Market Still Strong – Fennelly

Princeton is more than just a pretty place to visit. As NAI Fennelly’s Jerry Fennelly writes in his latest commercial office space report.

Expansions: CytoSorbents Inc.

CytoSorbents, a small company headquartered on Deer Park Drive, has had a banner year, increasing sales by more than 50 percent, to about $20 million, as doctors around the world have adopted the company’s medical devices.

Deaths

A. Perry Morgan Jr., 94, on January 4. A founding member of the Princeton-based architecture firm Holt Morgan Russell, he converted his family’s longtime home, Constitution Hill, and its grounds into the 60-unit community that it is today.

Driving the Mission at St. Francis Medical Center

St. Francis president Daniel Moen likes to compete in amateur sports car races in his spare time. At work he is grounded in providing health care to the community, including the underserved.

Garden State Tries to Grow Film Business

New Jersey has always been an inspiring location for filmmakers: “Garden State,” “A Beautiful Mind,” and Kevin Smith’s entire oeuvre are some of the better-known movies set here. But it hasn’t been a filmmaking powerhouse since the days of Thomas Edison.u

Deaths: Lynne (Lyn) Marcia Ransom

Lynne (Lyn) Marcia Ransom, 71, on December 14. She was a musician and composer who taught at Westminster Conservatory of Music of Rider University and several other colleges in the U.S.

Management Moves: Princeton Senior Resource Center, New Jersey State Nurses Association

The Princeton Senior Resource Center, a nonprofit group that supports programs for seniors, has appointed Drew A. Dyson as its new executive director beginning March 19.

Bristol-Myers Squibb Acquires Celgene for $74 Billion

Bristol-Myers Squibb is acquiring Summit-based Celgene for $74 billion. BMS is headquartered in New York with major facilities in Lawrenceville and New Brunswick.

Trending Stories

Demarcating Democracy with the Princeton Gerrymandering Project

Sam Wang’s Princeton Gerrymandering Project is taking on redistricting in New Jersey and beyond.