Investing

Investing

GEBROE-HAMMER COMPLETES $8 MILLION OF NORTHERN NEW JERSEY APARTMENT SALES

LIVINGSTON, N.J. - December 11, 2013 - (RealEstateRama) -- Gebroe-Hammer Associates has arranged the sale of twoNorthern New Jersey apartment properties for a combined total of nearly $8 million, reports Ken Uranowitz, president of the firm. The two separate transactions total 49 units in Caldwell and Montclair, and both properties were sold by long-term owners.

Purported Real Estate Investor and Alleged Straw Buyer Charged in New Jersey with $13...

CAMDEN, NJ - March 25, 2013 - (RealEstateRama) -- Two alleged conspirators in a $13 million mortgage fraud scam that used phony documents and straw buyers to make illegal profits on overbuilt condos at the Jersey shore are charged in connection with the scheme, U.S. Attorney Paul J. Fishman announced.

Gloria Nilson Agent Mario Venancio Surpassed More Than $75M in Sales in 2012 and...

WASHINGTON, D.C. - February 18, 2013 - (RealEstateRama) -- Venancio knows Monmouth County real estate. As the top producing agent in all of Monmouth County and Gloria Nilson, REALTORS®, Real Living’s offices in 2012, this award-winning industry veteran celebrates another extraordinary year, exceeding more than $75 million in sales with 76 transactions closed.

Multi-Million-Dollar Real Estate Ponzi Schemer Admits Securities Fraud and Money Laundering

NEWARK - February 4, 2013 - (RealEstateRama) -- A Somerset County, New Jersey man pleaded guilty today to one count of securities fraud and one count of money laundering, admitting that he defrauded victims of an investment scheme by misusing their capital contributions and misrepresenting the performance of their investments, U.S. Attorney Paul J. Fishman announced.

NJ Investors Play a Part in Newark Redevelopment

Clifton, NJ - May 15, 2012 - (RealEstateRama) -- Well on their mission to provide affordable housing for families throughout Northern NJ, Clifton based real estate investment group, RER, LLC, closes on their purchase of a multi-unit, short-sale property— the second asset located on Littleton Avenue in Newark’s Fairmount Section that the company has acquired.

Christie Administration Announces $5.1 Million Municipal Investment in Special Needs Housing Initiative

TRENTON, N.J. - December 28, 2011 - (RealEstateRama) -- As part of its on-going commitment to create more community-living options for people with developmental disabilities, the Christie Administration today announced 12 municipal partners of the Special Needs Housing Partnership. These municipalities are the first commitments secured for the initiative launched earlier this year by the New Jersey Departments of Community Affairs (DCA) and Human Services (DHS), and the New Jersey Housing and Mortgage Finance Agency (HMFA). The goal of the Partnership is to create 600 additional units of special needs housing by 2013.

Community Investment Strategies Takes the Solar Power Plunge

LAWRENCEVILLE, N.J. - December 15, 2011 - (RealEstateRama) -- Community Investment Strategies (CIS), Inc., the developer, builder and property manager of market-rate and affordable apartment-rental communities throughout New Jersey, has adopted solar-powered energy at three of its’ apartment complexes: Rosegate, Heritage Village at Elizabeth, and Heritage Village at Manalapan. All three senior communities have been retrofitted with photovoltaic solar panels to collect energy for the buildings’ common areas.

Garrett Chairs Hearing to Examine Private Mortgage Market Investment Act

WASHINGTON, DC - December 8, 2011 - (RealEstateRama) -- Rep. Scott Garrett (R-NJ), Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, delivered the following opening statement today at a hearing to review legislation to reform the secondary mortgage market:

Consider it an Investment: Buying a Vacation Home

November 14, 2011 - (RealEstateRama) -- The phrase “buyer’s market” has probably been driven into your head by now. For those who are looking to move up to a larger home, or those on the lookout for their first home, the time is right. But another market has also been blooming for those already comfortable in their current housing situation; the second home market.

Garrett Unveils Proposal to Reform Secondary Mortgage Market

WASHINGTON, DC - October 28, 2011 - (RealEstateRama) -- Rep. Scott Garrett (R-NJ), Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, today unveiled his proposal to reform the secondary mortgage market to ensure robust private investment in the U.S. mortgage market without a government guarantee.

DEBT-EQUITY IMBALANCE, SLOW GROWTH CHALLENGE INVESTORS

ENGLEWOOD, N.J. - October 11, 2011 - (RealEstateRama) -- The New York tri-state commercial real estate investment market is flush with equity capital moving into the final months of the year, and interest in broad-class acquisitions across all sectors has risen dramatically. The primary driver for this demand stems from a desire for alternative, fixed-income yields other than what is available in the bond and government securities markets. The recent turmoil in sovereign debt markets has further fueled this trend.

Lautenberg, Menendez Announce More Than $11 Million for Community Development, Access to Housing for...

NEWARK, NJ - August 12, 2011 - (RealEstateRama) -- U.S. Sens. Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) today announced that the City of Camden, Union County and Union Township will receive more than $11,513,236 million in federal funding for community development, emergency homeless shelters, housing assistance and supportive services for persons with HIV/AIDS, and to expand access to affordable housing for low-and moderate-income families.

Local Entrepreneur Reviving Community, One Home at a Time

Clifton, NJ - July 26, 2011 - (RealEstateRama) -- A nine-year veteran of real estate investing, Ankit Duggal, Founder of RER, LLC, has bought, fixed, and sold his fair share of real estate. But Ankit’s rarity lies in a vision that stretches much further than flipping houses— the young entrepreneur has set out to revitalize distressed neighborhoods into valuable communities, one home at a time

From Rags to Riches: An Entrepreneur’s Testimony

Clifton, NJ - July 1, 2011 - (RealEstateRama) -- Ankit Duggal, Founder of RER, LLC, a real estate investment and consulting company, sits down with Judson Voss of “Get Real REI” to share the ups and downs of launching your own business and divulges how he went from below zero revenue to managing millions in investment funding.

CUSHMAN & WAKEFIELD ARRANGES HOBOKEN MULTIFAMILY TRADE

HOBOKEN, N.J. - May 25, 2011 - (RealEstateRama) -- One of Hoboken’s newest luxury rental communities, 800 Madison Street, traded this week. Commercial real estate services firm Cushman & Wakefield, Inc.’s Metropolitan Area Capital Markets Group orchestrated the property’s sale from Tarragon Corp. to CB Richard Ellis Investors.

CURE BREAST CANCER FOUNDATION PREPARES TO TEE OFF AT THE FOURTH ANNUAL GOLF CLASSIC...

CLIFTON, N.J. - May 12, 2011 - (RealEstateRama) -- The Cure Breast Cancer Foundation (CBCF), a non-profit 501 (c) 3 organization, will host its 4th Annual Golf Classic on Monday, June 20th at Mountain Ridge Country Club in West Caldwell, New Jersey.

Auction for roughly 350 Acres of Farmland Slated for tomorrow April 21 Opportunities to...

HUNTERDON COUNTY, N.J. - April 20, 2011 - (RealEstateRama) -- Tomorrow, real estate investors and other interested buyers will have a golden opportunity to bid on three separate farms in scenic Hunterdon County.

HOBOKEN BROWNSTONE’S GEORGE VALLONE TO HEADLINE ECONOMIC REDEVELOPMENT FORUM AT 2011 NATIONAL BROWNFIELDS CONFERENCE

HOBOKEN, N.J. - April 4, 2011 - (RealEstateRama) -- George Vallone, President of The Hoboken Brownstone Company, will headline a new forum designed to provide owners of contaminated properties the opportunity to market their assets to the real estate development industry at the 2011 National Brownfields Conference April 3rd-5th in Philadelphia.

Lautenberg, Menendez Announce More Than $6 Million To Increase Access To Housing For Low...

WASHINGTON, DC - January 10, 2011 - (RealEstateRama) -- U.S. Sens. Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) today announced that Paterson will receive a $6.387 million federal investment to expand access to affordable housing for low-and moderate-income families through various housing development, community revitalization, and emergency homeless shelter programs. The grants, awarded and administered through the Department of Housing and Urban Development (HUD), are part of four HUD initiatives: The Community Development Block Grant (CDBG) Program, the HOME Investment Partnership, the Emergency Shelter Grants (ESG) program, and the Housing Opportunities for Persons With AIDS (HOPWA) program

SENATORS MENENDEZ, JOHANNS APPLAUD HOUSE PASSAGE OF BIPARTISAN BILL TO ENSURE HOUSING FOR PEOPLE...

WASHINGTON, DC - December 22, 2010 - (RealEstateRama) -- Today, the U.S. House of Representatives unanimously approved bipartisan legislation that will expand affordable housing options for Americans with disabilities. The Frank Melville Supportive Housing Investment Act, sponsored by Senators Robert Menendez (D-NJ) and Mike Johanns (R-NE) in the Senate and Representatives Christopher Murphy (D-CT) and Judy Biggert (R-IL) in the House, will likely quadruple the number of new affordable rental units built each year for people with disabilities by the U.S. Department of Housing and Urban Development's main program to provide affordable housing for people with disabilities.

Popular Government & Nonprofit Press Releases

Lautenberg Announces Millions in New Funding for Housing in New Jersey

WASHINGTON, D.C. - March 18, 2009 - (RealEstateRama) — Today, Senator Frank R. Lautenberg (D-NJ) announced millions of dollars in new funding for New Jersey’s public housing authorities to rehabilitate and modernize public housing units in New Jersey. The capital improvement money was included in the American Recovery and Reinvestment Act signed into law by President Obama.

Recent Government & Nonprofit Press Releases

Menendez Discusses Trump Tax Bill’s Devastating Effects on Homeowners, Housing Market...

U.S. Senator Bob Menendez (D-N.J.), a senior member of the Senate Finance Committee, today held a conference call with NJ Realtors to explain the many problems with the Republican tax bill and the harmful impact it could have on New Jersey homeowners and the housing market.