Yearly Archives: 2014

WASHINGTON, D.C. - March 28, 2014 - (RealEstateRama) -- Assembly Republican Budget Officer Declan O’Scanlon, R-Monmouth, issued the following statement after the Senate voted overwhelmingly to concur with Governor Christie’s conditional veto of A-3067, extending the interest arbitration cap through the end of 2017

WASHINGTON, D.C. - March 24, 2014 - (RealEstateRama) -- Mayor Mark A. Smith announced that the introduced 2014 municipal budget contains no increase in the municipal property tax levy. Mayor Smith said, “My Administration has worked hard for more than five years to streamline local government and to get municipal spending under control. We reduced the number of municipal departments from nine to four. We reduced total municipal debt by over 40%, and ended the practice of bonding for current expenditures.” Mayor Smith continued, “Over the past five years we have slowed the growth of municipal spending and this year, we have stabilized the municipal tax levy despite cuts in state aid, increased pension costs and increases in snow costs during the winter that just ended.

MOUNTAINSIDE, N.J. - March 21, 2014 - (RealEstateRama) -- Lee & Associates, the largest broker-owned commercial real estate firm in the country, has arranged the sale of 1450 Route 22 West, in Mountainside, N.J., a 41,531-square-foot medical office building (MOB) for $8.45 million ($203 per square foot).

TRENTON - March 12, 2014 - (RealEstateRama) -- Acting Attorney General John J. Hoffman announced that a Middlesex County man pleaded guilty today to receiving more than $50,000 worth of stolen property, which he subsequently sold on Craigslist.com.

WASHINGTON, DC - March 12, 2014 - (RealEstateRama) -- Today, Congressman Frank Pallone, Jr. (NJ-06) announced that the Federal Emergency Management Agency (FEMA) will extend the state of New Jersey’s request for temporary housing assistance for residents impacted by Superstorm Sandy for an additional three months. Temporary housing assistance from FEMA automatically expires eighteen months from the original date of a major disaster declaration. Congressman Pallone had originally asked that FEMA extend assistance for an additional six months.

WASHINGTON, D.C. - February 21, 2014 - (RealEstateRama) -- The Consumer Affairs Committee today advanced a bill sponsored by Assemblyman A. Brown to protect families from fraud when buying or renting major appliances. “Unscrupulous people who are trying to take advantage of those recovering from Superstorm Sandy need to be stoped. This bill will work to protect our consumers,” Brown said. “After Superstorm Sandy, we have become aware of the long-term effects of flood damage to homes, cars, and appliances like washers, dryers, and refrigerators. Problems resulting from water damage may not become apparent until weeks or months later. People just want to get on with their lives.”

WASHINGTON, D.C. - February 14, 2014 - (RealEstateRama) -- U.S. Representatives Frank LoBiondo (NJ-02) and Bill Pascrell (NJ-09) today announced that the full House will vote in February on new flood insurance legislation to address the increases in many premiums mandated under the 2012 Biggert-Waters Flood Insurance Reform law. The new bill will meld provisions from the previously-introduced legislation by Reps. Michael Grimm (NY-11) and Maxine Waters (CA-43) – which LoBiondo and Pascrell were cosponsors – and proposals from Rep. Bill Cassidy (LA-06). The new legislation will also permanently remove the home sale rate increase trigger for homeowners looking to sell, thus providing certainty to the real estate market

Hamilton, NJ - February 14, 2014 - (RealEstateRama) -- The 65th Annual Atlantic Builders Convention (ABC) is scheduled for March 25-27, 2014 at the Atlantic City Convention Center in Atlantic City, NJ. It is the largest convention for the building industry in the Northeast attracting more than 6,500 attendees and housing nearly 400 exhibits

WASHINGTON, D.C. - February 14, 2014 - (RealEstateRama) -- Citing a report today that a Paterson police officer on paid suspension for alleged sexual assault may cash in $70,000 worth of unused leave when he retires, Deputy Republican Leader Nancy F. Muñoz said there is no excuse for not ending such an egregious and costly practice

TRENTON - February 10, 2014 - (RealEstateRama) -- The Christie Administration today announced the Federal Emergency Management Agency (FEMA) has awarded the state $26.3 million in federal Hazard Mitigation Grant Program funding for the voluntary acquisition of 89 homes in flood-prone sections of Woodbridge. This action is part of the Administration’s plan to buy out homes from willing sellers impacted by Superstorm Sandy to preserve the land as open space and protect against future flooding

WASHINGTON, D.C. - February 10, 2014 - (RealEstateRama) -- Mayor Mark A. Smith has extended the grace period for paying first quarter property tax payments to Tuesday, February 18. The original end of the grace period had been Monday, February 10. Mayor Smith extended the deadline, because winter weather conditions made it difficult for some property owners to make payments. Payments made by Tuesday, February 18, will avoid a late fee.

Cherry Hill, N.J. - February 4, 2014 - (RealEstateRama) -- As part of Mayor Chuck Cahn’s commitment to making government more accessible, Cherry Hill Township now offers residents the ability to pay property taxes and Township sewer bills online by credit card, debit card or electronic check

WASHINGTON, D.C. - February 3, 2014 - (RealEstateRama) -- The Bayonne Tax Collector’s Office announced that first quarter property tax payments are due on Monday, February 10. The nominal legal due date for the tax bills was Saturday, February 1. However, the City Council authorized a grace period through February 10. Payments made by that date will avoid a late fee. Property owners may pay their taxes by mail or in person at City Hall, 630 Avenue C, or at Bayonne branches of BCB Community Bank, or through the City website

WASHINGTON, D.C. - January 30, 2014 - (RealEstateRama) -- Assemblyman Sam Fiocchi, R-Cumberland, Cape May and Atlantic, has introduced the “Direct Tax Relief for New Jersey Families Act” that will provide a property tax cut for New Jersey homeowners. The bill (A-157) establishes the New Jersey Direct Property Tax Relief Program which also increases a renter’s gross income tax credit and increases the earned income tax credit.

Edison, N.J. - January 28, 2014 - (RealEstateRama) -- The December 2013 housing market report from the New Jersey Association of Realtors shows that over the course of the year, the housing market proved to be strong. In fact, closed sales were at the highest levels since 2005, to 94,671 units, up 18.1 percent. There are still fewer homes to comprise the total state inventory, but new properties came on the market in greater numbers than during 2012, so if that continues, 2014 will see a well-balanced market.

WASHINGTON, D.C. - January 27, 2014 - (RealEstateRama) -- West Windsor Township Health Department is pleased to announce that they will cooperate with the New Jersey Department of Environmental Protection (NJDEP) Radon Section in a special radon awareness program to promote testing of radon in residential homes. In its “Radon Awareness Program”, the NJDEP Radon Section provides outreach assistance to promote radon testing in homes. A limited supply of free radon test kits will be available in the Health Department for homeowners on a first come, first serve basis. West Windsor Health Department provides services to the communities of West Windsor, Robbinsville and Hightstown. Residents are encouraged to contact the office at 609-936-8400 to check availability, reserve a kit or request educational materials.

WASHINGTON, D.C. - January 27, 2014 - (RealEstateRama) -- Today, U.S. Reps. Bill Pascrell, Jr. (NJ-09) and Frank Pallone (NJ-06) released the following statement regarding reports that the State of New Jersey canceled its contract with Hammerman & Gainer Inc. (HGI), a Louisiana firm hired to manage that state's nearly $1 billion Hurricane Sandy housing recovery programs

WASHINGTON, D.C. - January 24, 2014 - (RealEstateRama) -- The 2014 capital budget proposed by the Morris County Freeholders continues to reduce the county’s debt, while at the same time meets the county’s ongoing capital needs.

Camden, NJ - January 24, 2014 - (RealEstateRama) -- Last Wednesday, Congressman Andrews announced a $3.2 million grant from the Federal Home Loan Bank of New York (FHLB). According to the FHLB, the grant will create between 75 to 100 constructions jobs in South Jersey. The grant, part of the Transportation, Housing and Urban Development, and Related Agencies Appropriations Act 2013, will pay for the rehabilitation of a 304-unit affordable housing community in Pennsauken known as Sycamore Ridge, which is in critical need of upgrades and repairs to remain a viable and safe option for South Jersey families to live

Union County, NJ - January 23, 2014 - (RealEstateRama) -- Union County will once again participate in the national Point-in-Time Count of the Homeless, a national census of homeless persons that takes place each January. In Union County, it will be conducted from the night of Tuesday, January 28 to Wednesday morning, January 29