Monthly Archives: April 2009
Port Properties Performing Poorly
Apologies for the gratuitous alliteration, however, it is true port properties are feeling the pain of this global downturn. The recent article from Globe St. explains it all. According to the report, the 10 US ports surveyed handled 847,832 20-foot-equivalent … Continue reading
Filed under Current Events
1188 Raymond Boulevard – For Sale
The southeast corner of Broad Street and Raymond Boulevard, perhaps one of the best locations in all of Downtown Newark. It is Midway between the NJPAC and the Prudential Center and is dirctly serviced by the Newark Subway/LightRail at Military … Continue reading
Filed under Real Estate Market
TWO NEW LISTINGS
I am proud to bring to market 2 new properties in the Newark/Eastern Essex County area. The first is a property in East Orange on Park Avenue. It is actually two properties on the corner of North 15th Street and … Continue reading
Filed under Real Estate Market
Is the NY/NJ Market oversaturated with arenas?
I recently came across this article in the Sports Business Journal by way of Develop Don’t Destroy Brooklyn. It is an interesting article and the first I have found that looks at the entire market and all of the arenas … Continue reading
Filed under Current Events, Development
Booker predicts the Net’s will be sold and remain in NJ
The Atlantic Yards Report has this post quoting Mayor Booker regarding the Nets. “Let me tell you exactly what I think is going to happen,” Booker continued. “I believe the project in Brooklyn is not going to work and not … Continue reading
Filed under Corey Booker, Current Events
Broad St. McDonald’s Reopens after $2mm in renovations
In case you hadn’t noticed, the McDonald’s on Broad Street is looking pretty sharp lately. About six months ago, last fall, McDonald’s closed this restaurant for a complete makeover. To begin with they scoured the marble on the front of the … Continue reading
Filed under Current Events, Development, Real Estate Market
Topping Off – the Red Bull Arena
The Red Bull Stadium across the river in Harrison has completed it steel construction and is beginning all the things that will make it look more like a stadium and less like a birds nest. Along with the village … Continue reading
Filed under Development
$22mm Affordable Housing Development in South Ironbound
A developer is expected to break ground Wednesday on the first affordable housing project to come to Newark’s East Ward in 30 years, which is to include 80 affordable rental units, officials said. See the full article Further proof that … Continue reading
Filed under Uncategorized
“Dear Mr. Governor”
Corey Booker’s Letter to Governor Corzine: According to a recent media account, the New Jersey Sports Exposition Authority (“NJSEA”) is preparing to hire an architect to improve Izod Arena as construction continues on the long- overdue, incomplete Xanadu project. I … Continue reading
Filed under Corey Booker, Current Events, Government
Portfolio Sales go the way of the Dodo
This is a NYC based article however I feel the point applies to all markets. “Remember the portfolio deal? That’s right, the practice of grouping a bunch of buildings together and selling them all at once? Yep, it’s hard to … Continue reading
Filed under Finance, Real Estate Market
Making sense of Urban Transit Hub Tax Credits
Any one interested in development in New Jersey, urban or otherwise, has to be aware of the Urban Transit Hub Tax Credit program. This is a program initially passed by Gov. Corzine in December of 2007. The simple explanation is … Continue reading
Filed under Development, Government
Tino Martinez to play for the Newark Bears… sort of.
So Colin Powell will throw the first pitch opening day and Patti Labelle will sing the national anthem. Tim Raines is the manager. Tino Martinez will appear and sign autographs at the May 3rd game. Retired major leaguers will play … Continue reading
Filed under Uncategorized
Building Tops Out in Newark
From RE Business Online “THE LEAGUERS HEADQUARTERS BUILDING TOPS OUT NEWARK, N.J. — Construction has topped out on The Leaguers Headquarters and Head Start Building in Newark. In addition to housing the non-profit community organization’s headquarters office, the 48,000-square-foot building … Continue reading
Filed under Current Events, Development
Introducing Mayor Corey Booker
The Washing Times published this very well done profile piece on Corey Booker earlier this week. To say it is a glowing profile would be like calling the space shuttle a bottle rocket. I think it is well deserved. Mayor … Continue reading
Filed under Uncategorized
