In order to afford a modest, two-bedroom apartment at fair market rent (FMR) in New Jersey, renters need to earn $28.17 per hour. This is NJ’s 2018 Housing Wage, revealed in a national report released today. The report, Out of Reach: The High Cost of Housing, was jointly released by the National Low Income Housing Coalition (NLIHC)
Southern New Jersey Development Council hosted its annual Distinguished Achievement Awards Reception honoring outstanding individuals, organizations and companies in the public and private sectors for leadership in economic development
Since 2004, Anat has sold over 400 properties valued over $415 Million. With an average home sale of over $1 Million dollars, it is no wonder Anat is the top ranking agent in Tenafly, New Jersey. Living and working in Tenafly, New Jersey, Anat and her team are dedicated to the Bergen County home market and making sure that your next home purchase is the perfect fit for you and your family. With a lifetime of experience, Anat is able to assist new and returning home buyers with the somewhat daunting task of purchasing a home.
Community Investment Strategies Holds Ribbon Cutting Ceremony for Bloomfield Affordable Senior Housing Community
State, county, and local officials joined Community Investment Strategies, Inc. (CIS) for a ribbon cutting ceremony to unveil Heritage Village at Bloomfield – an 82-apartment affordable 55-plus housing community in Bloomfield, Essex County that serves seniors on a fixed income.
lie Rieder, founder and CEO of Castle Lanterra Properties, is slated to address the 2nd Annual New Jersey Apartment & Multifamily Summit. Produced by the Mid Atlantic Real Estate Journal, the event is slated for Thursday, September 10, 2015, 7:55 a.m. to 12 noon at the Sheraton Parsippany Hotel.
The “Corporate Challenge” is returning for its second year to the Annual 4 Miler at Garret Mountain, offering companies large and small an opportunity to build camaraderie, promote fitness and support a worthy cause – all of which make good business sense. Sponsored by SaxBST, the Fourth Annual 4 Miler at Garret Mountain is being held on Saturday, September 12 and is an ideal atmosphere for friendly competition, team building and outdoor fun
Youth1 Media, LLC, has announced the relocation of its Mountain Lakes, N.J., offices to Morris Corporate Center III, Building C at 400 Interpace Parkway in Parsippany, N.J. The company’s Youth1.com website serves as a national resource for youth sports coverage and content focusing on athletes from the recreational to elite levels in grades six through eight. Youth1’s new headquarters occupies 2,500-square-feet of office space at the Class-A campus, which is currently undergoing extensive capital improvements.
Central New Jersey’s multi-family trading pace is quickening at the mid-year mark, with four transactions involving a total of 106 units in Plainfield recently arranged by Gebroe-Hammer Associates. The properties were located throughout the Union County city
40 & 50 Union Avenue Medical/Professional Office Campus Leasing Assignment Awarded to Hopkins, Sampson...
Novus Equities, LLC, has named Hopkins, Sampson & Brown (HSB) Real Estate Advisory Services, LLC, as the exclusive leasing agent for 40 & 50 Union Avenue Medical/Professional Campus, the company’s flagship office property in Irvington, N.J. The leasing assignment is being spearheaded by Christian Benedetto, HSB director of the Pine Brook, N.J.-based real estate services firm
Extremely favorable demographic and employment trends, coupled with sustained rent and valuation appreciation, are the leading drivers of historic multi-family trading along the New Jersey/Pennsylvania corridor, according to investment brokerage firm Gebroe-Hammer Associates. At the mid-year mark, the firm’s transaction pace is on track to surpass last year’s benchmarks, as evidenced by the recent $165.8+ million in sales involving 912 units in a two-week timeframe.
After 85 years in business, Clayton & Clayton continues its legacy as a family business. Now owned and run by its fourth generation of Claytons, the company is more successful than ever. Asbury Park Press recently published a piece on Shawn Clayton, where he discusses the history of the business, the real estate market, and gives a peek into his own luxurious home.
MAST Construction Services, Inc. an award-winning, Little Falls, NJ-based project and construction management services and owner's representative firm, today announced that it is serving as the construction manager for the fourth phase, a $10.5 million project, of one of New Jersey's most high profile public park projects: Berry Lane Park. Situated at 1 Berry Road in Jersey City, between Garfield Avenue and Woodward Street, the 17.5-acre park is undergoing a conversion which will turn the former brownfield site, previously home to industrial yards, facilities and warehouses, into recreational space for Jersey City residents to enjoy.
A very special home just sold for $1.8 million, representing the full asking price. The Buyer saw the full value of this property while the Seller (who was also the Designer and Builder) created a Jersey Shore paradise. The "Cottage by the Sea" is a fabulous modernist design on the corner of Newman Avenue in Mantoloking. Its clean lines and modern décor are reminiscent of a Nantucket cottage, complete with flagstone patio and inviting perennial gardens to relax in after a day at the beach
Gebroe-Hammer Associates has represented Forest Realty in the estate sale of two separate multi-family properties sold for a combined $113.5 million in Springfield and Morristown, N.J. The firm’s brokerage teams, led by Managing Director Joseph Brecher, also identified the buyers of Short Hills Village Club (Springfield) and Franklin Manor (Morristown). The sale of the properties, which were owned by Forest Realty for over 40 years, represents one of the state’s largest multi-family transactions recorded in 2015 thus far.
Diane Turton, Realtors, founded in 1985, recognized the outstanding performance of its management, agents and staff during a gala celebration at Doolan’s Shore Club in Spring Lake on May 21, 2015. “We look forward to this event each year when we can recognize the best of the best and acknowledge their outstanding achievements”, said Diane Turton, President/Founder of Diane Turton, Realtors.
Everyone knows that when you sell your home, there are closing costs, realtor commissions, legal fees, etc…but what about the hidden costs?
Wyndham Exchange & Rentals, part of the Wyndham Worldwide family of companies (NYSE: WYN), announced the appointment of Lisa Calicchio, SPHR, to the position of executive vice president, Global Human Resources. Based in the company’s Parsippany N.J. headquarters, Calicchio will lead strategic efforts to enhance the vacation exchange and rental company’s Human Resources (HR) function across the organization
Grande Apartments, located at 240 West Sumner Ave. in this Union County suburb, has been sold for $12.17 million in a trade arranged by the multi-family investment brokerage firm Gebroe-Hammer Associates of Livingston. The team of Managing Director Joseph Brecher and Senior Vice President Stephen Tragash exclusively represented the seller, Sumner Rose LLC, and procured the buyer, Landmark Companies, LLC. Previously, Gebroe-Hammer arranged the sale of the same property in 2006
The Partnership for Maternal and Child Health of Northern New Jersey recently hosted an open house reception to announce a federal grant award to fund programs for pregnant women and families with children. As a result of this award, the Partnership has expanded its office space at 50 Union Ave., a signature Irvington, N.J., office tower. The Partnership for Maternal and Child Health occupies approximately 4,100 square feet at the newly renovated 40 and 50 Union Avenue Medical/Professional Office Campus.
The Homeowners Consumer Center is urging homeowners in New York or New Jersey to call them anytime at 866-714-6466 if they received a less than adequate settlement from their homeowners insurance company for severe storm or fire damage to their home, with the only proviso the damage and settlement has to have occurred within the last two years.