Monthly Archives: February 2015
Menendez, Booker Announce Nearly $2M in Housing Grants for Jersey City, Paterson, Rahway, Phillipsburg
U.S. Senators Bob Menendez and Cory Booker today applauded the U.S. Department of Housing and Urban Development’s (HUD) awarding of a combined $1,903.435.00 in Resident Opportunities and Self-Sufficiency (ROSS) Service Coordinator grants to assist New Jersey housing agencies and nonprofit organizations
The Hampshire Companies Sells Industrial Warehouse Building to Park Avenue Motor Corporation in South...
The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, has announced sale of its 112,270-square-foot industrial warehouse building located at 490 Huyler Street in South Hackensack, N.J. to Park Avenue Motor Corporation. The company has leased the building since 2012 and the tenant chose to exercise its purchase option
MetLife Home Loans LLC, Successor to MetLife Bank N.A., to Pay $123.5 Million to...
MetLife Home Loans LLC has agreed to pay the United States $123.5 million to resolve allegations that MetLife Bank N.A. (MetLife Bank) violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) that did not meet applicable requirements, the Justice Department announced today
Governor Christie Delivers FY 2016 Budget Proposal
On February 24, Gov. Chris Christie presented his Fiscal Year 2016 budget proposal to a joint session of the New Jersey State Legislature. In his speech, Christie announced his proposed budget for the next fiscal year totals $33.8 billion and contains a 3.8 percent revenue increase due to an uptick in state economic activity leading to higher generation of state revenues. The Governor also indicated his budget proposal contains an additional $1.3 billion pension payment and calls for additional pension and benefit reforms.
NJBIA’s Michele Siekerka Available for Business Community Reaction to Christie’s Budget Address
Michele Siekerka, president of the New Jersey Business & Industry Association (NJBIA), will be available to provide reaction to Governor Chris Christie’s budget address on Tuesday, February 24, 2015
NAR Responds to FAA’s Proposed Rule for Drones
On Sunday, February 15, the Federal Aviation Administration released its long-awaited proposal for governing small commercial drones, setting a plan for remote-controlled aircraft to share the skies with passenger planes
Pallone Announces $5.23 Million to Improve Public Housing Developments in New Jersey’s 6th District
Today, Congressman Frank Pallone, Jr. (NJ-06) announced that Public Housing Agencies (PHAs) located in New Jersey’s 6th District will receive a total of over $5.23 million to make improvements to public housing developments.
$1.2 Million Mortgage Fraud Scheme
Acting Attorney General John J. Hoffman announced that a mortgage broker who owned a property management company in Jersey City pleaded guilty today to laundering the proceeds of a criminal scheme in which he conspired to steal more than $1.2 million from lenders by filing fraudulent mortgage applications, diverting mortgage proceeds and falsifying settlement statements
Municipal Officials Take Aim at Problem Properties Plaguing NJ
Municipal officials from across the state convened at a forum in South Jersey to explore best practices for managing vacant and abandoned problem properties Local decision makers including mayors, councilmembers, and department heads participated in the day long forum will assist them in developing a problem property strategy in their communities.
The Pinnacle Companies Announces Joint Venture with The Hampshire Companies to Develop The MC...
Today, The Pinnacle Companies announced a joint venture with The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, to develop The MC hotel in Montclair. The Chicago-based Aparium Hotel Group will manage the hotel.