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, 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 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

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.

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

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

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.

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 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.

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.

Gebroe-Hammer Associates’ investment brokerage activity in Northern New Jersey and Pennsylvania is nearing unprecedented levels as multifamily buyers and sellers seek properties with rent-growth and value-add potential. The firm’s area market specialists recently arranged 12 sales involving 463 units.

Today, the New Jersey Association of Realtors announced it has rebranded and will now be known as the New Jersey Realtors, or NJ Realtors for short. In addition to its new name, the organization has revealed a new logo and website, all designed to enhance the member and consumer experience

Transaction activity in Essex County, N.J.’s multi-family investment market continues to accelerate, as indicated by the recent sale of a $3.77 million asset in Belleville arranged by Gebroe-Hammer Associates. The firm’s market specialist team of Vice Presidents Nicholas Nicolaou and Stephen Tragash exclusively represented the seller and identified the buyer

EATONTOWN, N.J. - October 23, 2014 - (RealEstateRama) -- Nearly two years after Hurricane Sandy, FEMA officials marked the conclusion of their housing mission in New Jersey.On September 11, 2014, FEMA returned the last of the Fort Monmouth properties that have housed displaced survivors of Hurricane Sandy since December of 2012. All of the 115 families who occupied the apartments and duplexes on the main post and in the Megill Commons area in Tinton Falls had either returned to their own homes or found a suitable housing alternative.

MONROE TOWNSHIP, N.J., - October 7, 2014 - (RealEstateRama) -- The New Jersey Apartment Association (NJAA) will host educational programs in October and November designed to help industry professionals gain knowledge and elevate their skills. NJAA offers a diverse selection of comprehensive education and certification courses throughout the year for members and non-members as part of its commitment to advancing the multi-family housing industry in New Jersey.

WASHINGTON, D.C. - August 19, 2014 - (RealEstateRama) -- NJAA members earn Continuing Education Credits (CECs) towards National Apartment Association Designations (NAA) at each session they attend. Programs will be held at NJAA, 104 Interchange Plaza, Suite 201, Monroe Township, N.J. unless otherwise noted. For details and event registrationMONROE TOWNSHIP, N.J., August 18, 2014 – The New Jersey Apartment Association (NJAA) will host two educational programs in September designed to help industry professionals gain knowledge and elevate their skills. NJAA offers a diverse selection of comprehensive education and certification courses throughout the year for members and non-members as part of its commitment to advancing the multi-family housing industry in New Jersey

LINCROFT, N.J. - May 29, 2014 - (RealEstateRama) -- Millions of people enjoy living near the water, but few people actually want to live in it.

TRENTON – The Superstorm Sandy Blue Acres Program has completed 107 closings on Sandy-damaged homes in Sayreville and South River, and is moving towards the first home purchases this spring and early summer in Woodbridge, East Brunswick and Newark, Department of Environmental Protection Commissioner Bob Martin announced today

TRENTON - April 22, 2014 - (RealEstateRama) -- The Christie Administration today announced the state is closing in on the first buyouts of Superstorm Sandy-damaged homes in Woodbridge and East Brunswick, in Middlesex County, with appraisals completed and offers beginning to be made on 89 homes in Woodbridge and a 7-home neighborhood in East Brunswick

WASHINGTON, D.C. - April 22, 2014 - (RealEstateRama) -- The LLRC (Lakewood Resource and Referral Center) and STEPS (Solution to End Poverty Soon) are sponsoring a free program for first-time Ocean County homebuyers Sunday, April 27, 2014, from 2:00 to 5:00 p.m. in the Main Auditorium of the Lakewood Municipal Building, 231 Third Street, Lakewood, NJ 08701.