Press Releases

Young Condo Buyers Taking the Next Step in Luxury Living
—Former Hoboken and Jersey City Renters are Finding Unmatched Value When Buying a Siena Condo in Montclair, NJ— MONTCLAIR, N. J. (June 9, 2008)—For several years, young renters have been drawn to New Jersey’s Gold Coast because of the unique atmosphere, dynamic nightlife, and easy access to Manhattan. Today, many of these renters blossomed into [...]
Mayor Cory Booker, Apollo Real Estate Advisors and Radiant Property Management Announce Newark Affordable Housing Initiative
Apollo and Radiant joint venture acquires Newark residential properties NEWARK, N.J., Jan. 28 /PRNewswire/ — In an initiative to increase affordable housing opportunities in Newark, a joint venture of Apollo Real Estate Advisors and Radiant Property Management, a Newark-based real estate operator, has purchased nine rental properties with 724 units in the Newark area, Mayor [...]
Borrowers Predicting Mortgage Rates Based on the Fed’s Rate Adjustments May be in for Unpleasant Surprises
Misconceptions about mortgage rates’ driving forces can cost borrowers huge sums HOLMDEL, N.J., Nov. 8 /PRNewswire/ — Each time the Federal Reserve (the Fed) cuts interest rates, borrowers converge upon their mortgage representatives expecting lower interest rates. Unfortunately, they find that mortgage rates often rise after the Fed cuts rates, and those who have held [...]
Zebu Forno Franchisee Signs Lease For Hoboken Site; European-Style Bakery and Cafe Expects to Open in Early 2008
HOBOKEN, N.J., Nov. 6 /PRNewswire/ — Hoboken’s restaurant scene will soon be getting a touch of old-style Europe, when Zebu Forno brings its bakery and cafe concept to River Street. The New Jersey chain’s Teaneck-based franchisee Gallucci Associates has signed a lease for a 2,500-square-foot space on the ground floor of Marineview Plaza, a five-story [...]
AvalonBay Dominates 14th Annual Garden State Awards
COMPANY WINS SIX AWARDS FOR EXCEPTIONAL PROPERTY MANAGEMENT NEW BRUNSWICK, N.J., Nov. 1 /PRNewswire-FirstCall/ — AvalonBay Communities, Inc. (NYSE: AVB) received top honors from the New Jersey Apartment Association (NJAA) at the 14th Annual Garden State Awards banquet, held on October 11th in recognition of outstanding performance in New Jersey property management.
The Largest Privately-Owned Apartment Complex in New Jersey Gets a Makeover; Residents Call It a Little United Nations
VAILSBURG, N.J., Oct. 29 /PRNewswire/ — Ivy Hill Park Apartments, constructed in 1952 and home to 10,000 people, is getting a makeover. Several months ago, the managers decided it was time for a makeover of what is the largest privately-owned complex in New Jersey. Residents of its 10 high-rise, 14-story buildings come from 40 countries [...]
R.J. Brunelli & Co. Announces Series of Leases and Land Sales for ‘Big Box’ Stores and Other Notable Tenants at N.J. Sites
Transactions include deals for A&P, Aldi, Tuesday Morning, Chase Bank, Harbor Freight Tools, plus regional retailers Avalon Carpet, Jason’s Furniture, Stew Leonard’s Wines OLD BRIDGE, N.J., Oct. 29 /PRNewswire/ — R.J. Brunelli & Co., Inc. today announced the recent completion of a series of leases and land sales that will bring ‘big-box’ retail, financial services [...]
The Regus Group Completes Lease Deal to Locate a New Business Center in Paramus, New Jersey
The 21,000 square foot center will be Regus’ 22nd in New Jersey DALLAS, Oct. 25 /PRNewswire/ — The Regus Group (LSE: RGU), the world’s largest provider of fully furnished and equipped offices with 950 locations in 70 countries, today announced that it has signed a lease agreement to open a new business center in Paramus, [...]
And So It Grows
WATCHUNG, N.J., Oct. 23 /PRNewswire/ — In the Fall, while driving down the NJ Turnpike, what strikes you are the sunflowers that grow as prolifically as ragweed along the side of the road through cracks in the pavement. In an urban setting, sunflowers can be viewed as a symbol of hope and survival. A few [...]
Groundbreaking Ceremony Held for Jersey Shore Premium Outlets(R)
Simon’s Chelsea Division to Open Upscale Outlet Center in Fall 2008 TINTON FALLS, N.J., Oct. 11 /PRNewswire-FirstCall/ — Simon Property Group, Inc. (NYSE: SPG) announced that its Chelsea Property Group subsidiary held a groundbreaking ceremony this morning for its newest development project, Jersey Shore Premium Outlets(R). The 435,000 square-foot outlet center will offer an upscale [...]
APR Often Misleads Borrowers into Costlier Mortgage Loans
Comparison shopping based on APR can lead to an expensive long-term investment HOLMDEL, N.J., Oct. 8 /PRNewswire/ — Borrowers who shop for mortgages based on the loan’s annual percentage rate (APR) often choose costlier mortgage loans without ever knowing it. Using APR as a determining factor when selecting a loan is actually a very poor [...]
Buying Foreclosures: Deal or No Deal?
BOUND BROOK, N.J., Sept. 27 /PRNewswire/ — Buyers and would-be investors often look to foreclosure sales to find real estate bargains. But newcomers to this market could find some unpleasant surprises if they go in blind. All homes should be thoroughly inspected by a professional home inspector before sealing the deal.
Cedar Shopping Centers Announces Agreement to Purchase Two Supermarket- Anchored Properties for $31.5 Million
PORT WASHINGTON, N.Y., Sept. 4 /PRNewswire-FirstCall/ — Cedar Shopping Centers, Inc. (NYSE: CDR), today announced that it has entered into agreements to purchase two supermarket-anchored shopping centers totaling approximately 314,000 square feet of gross leasable area (GLA) in Gardner, Massachusetts and Bridgeton, New Jersey from affiliates of Paragon Realty Group LLC of Westport, Connecticut.
Paying for a Home Inspection Now Could Avoid Headaches Later, Author Says
BOUND BROOK, N.J., Aug. 30 /PRNewswire/ — Despite the downturn in the housing market, millions of homes will still be bought and sold. At a time when price negotiations have become more vigorous, many buyers and sellers neglect one important element that could cost them thousands of dollars: the home inspection.
Monmouth Real Estate Investment Corporation Closes Strategic Combination with Monmouth Capital Corporation
Monmouth Real Estate Investment Corporation (Nasdaq: MNRTA) (“Monmouth REIT”) announced July31, 2007, that it has completed its proposed strategic combination with Monmouth Capital Corporation (Nasdaq: MONM) (“Monmouth Capital”). As previously announced, the combination was approved by the stockholders of Monmouth REIT and Monmouth Capital on Thursday, July 26, 2007.
Russo Development honored with 2007 Impact Award
On May 16th, Russo Development was honored by the New Jersey Chapter of the National Association of Industrial and Office Properties (NJ-NAIOP) with its highly coveted Impact Award.