#b#Buffet Acquires Fox & Roach#/b#
The 65 Delaware Valley real estate offices of Prudential Fox & Roach will change their name to Warren Buffet’s Berkshire Hathaway HomeServices Fox & Roach on Tuesday, November 12. The company’s building signs and yard signs will change from blue to red.
The Fox & Roach office at 253 Nassau Street holds a ribbon cutting ceremony Tuesday, November 12, at 10 a.m. with Princeton Mayor Liz Lempert. The office at 44 Princeton-Hightstown Road hosts Mayor Shing-Fu Hsueh of West Windsor at noon the same day.
In 2012 HomeServices closed nearly $42 billion in sales volume, with more than 145,000 transactions and approximately $4 billion in home mortgages.
Trenton storage facility sold. Chicago-based Jones Lang LaSalle has sold two self-storage facilities in New Jersey, including one in Trenton, to Kurt O’Brien. The assets were purchased as part of a $21.3 million portfolio.
The 111,115-square-foot property at 555 North Olden Avenue in Trenton was built in the 1920s as an industrial facility and converted to a self-storage facility in 2005.
#b#Green Energy Firm Opens Demo Plant#/b#
Hillsborough-based alternative fuel company Primus Green Energy has commissioned a demonstration plant that converts natural gas to gasoline. The plant is capable of synthesizing 100,000 gallons of gasoline per year, and the company has plans to make diesel and jet fuel, too.
Primus hopes the pilot plant will be a model for a 25-million-gallon-a-year commercial plant, and also hopes to use biomass instead of natural gas in the future. The company claims its process leads the industry in efficiency.
While some biofuel scenarios have fallen short of expectations, the Primus people say that their approach is different. A June 20, 2012, cover story in U.S. 1 described Primus’ petroleum-gasoline replacement as wood pellets. Unlike ethanol, derived from relatively expensive corn or sugar cane, the pellets stem from miscanthus, an ornamental and invasive grass, and switchgrass.
“You really have to banish all your pre-conceptions about plant-based fuels when it comes to our bio-gasoline,” George Boyajian, Primus’ vice president of business development, said in an interview. “It just hurdles so many of the stumbling blocks we’ve seen in ethanol, bio-diesel, and others.”
Advaxis Inc. (ADXS), 305 College Road East, Princeton 08540; 609-452-9813; fax, Daniel J. O’Connor, CEO. www.advaxis.com.
Advaxis Inc., a College Road East-based biotech specializing in drugs treating cancer and infectious diseases, has appointed Gregory T. Mayes to the new position of executive vice president and chief operating officer.
Mayes has 15 years of experience as a pharmaceutical executive in the life sciences field. The company closed a public offering last week that raised about $25 million.
Antonino “Tony” Bua, 60, on October 30. He owned and operated many pizzerias and restaurants in the area, including the Red Star pizzerias in Ewing, Crosswicks, Cream Ridge, and Vincentown.
James Behm, 65, on October 31. A Peace Corps veteran who spent three years working with rice farmers in Honduras, he later worked for American Cyanamid in Princeton and most recently for FMC in Philadelphia.