Monthly Archives: May 2009
Mayor Booker spills the bean on the Nets being sold…
If you didn’t hear Mayor Booker on BGO last night I suggest taking a listen here. Go to minute marker 47:50 The Atlantic Yards Report transcribed the critical part of the interview here. Essentially Mayor Booker is dropping hints that … Continue reading
Filed under Uncategorized
Washington Park Office Market – reason for hope?
NJBIZ.com has an article today discussing the office market at Washington Park Link to full article “We’ve all had a setback, based on the economy,” he said. But “I’m optimistic over the next 12 to 18 months, we’re going to … Continue reading
Filed under Uncategorized
The Misguided Adventure of Homeownership
I read a great article from City Journal last night written by Steve Malanga. The article chronicles the governments misguided efforts to promote homeownership and how these efforts led to many crisies over the past century and are responsible for … Continue reading
Filed under Current Events, Government
Mayor Booker speaks out against NJ government largesse (or largeness)
Mayor Corey Booker spoke out against the bloat of the NJ government, public workers, uncompetitive business environment, excessive taxes, etc… etc… “New Jersey will go bankrupt in 10 to 20 years because we cannot afford our employees as a state,” … Continue reading
Filed under Corey Booker, Current Events, Government
WSJ: Small Banks Face Hits on Commercial Real Estate
I am posting some interesting excerpts from this article in the Wall Street journal yesterday regarding the repercussions of commercial real estate on smaller banks. If you are a WSJ subscriber you can read the full article here. In the … Continue reading
Filed under Current Events, Finance, Real Estate Market
New listing – Bank Owned Property
This property is an amazing opportunity for investors to take advantage of the current turmoil in the financial market. Banks need to sell REO assets to clear their balance sheets. The distressed asset market is an excellent place for a … Continue reading
Filed under Multifamily, Real Estate Market
Murder Rate Plummets!
Talk about great news… the city of Newark has reported the lowest murder rate for the first 4 months of 2009 since 1959! Mayor Cory A. Booker and Police Director Garry F. McCarthy announced today that the City of Newark … Continue reading
Filed under Corey Booker, Current Events
Fire on Broad Street
Traffic snarled, building damaged all due to a woman scorned… Now look at what the building looked like before it caught fire… Actually a very nice building. Seems like house and apartment fires in Newark, East Orange and Irvington have … Continue reading
Filed under Current Events, Uncategorized
