Category Archives: Real Estate Market
NEW LISTING – 18,500sqft Newark Industrial
The Property The property is a 18,790 warehouse distribution facility with mezzanine and 3,900 sq ft parking. It is located in the south ironbound neighborhood of Newark. It is immaculately maintained, environmentally clean, valid CO and is in move in … Continue reading
Filed under Real Estate Market
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
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
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
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
Newark moving forward with redevelopment plans around Newark Liberty Airport
“Newark officials have taken the first steps in redeveloping some of the most troubled sections of the city’s air and sea ports, which when expanded and improved may lead to the creation of new businesses and jobs for residents.” I … Continue reading
Filed under Current Events, Development, Government, Real Estate Market
Environ nearly doubles size of Newark office
“Environ is looking to hire more people in its Newark office because of the city’s proximity to New York, as well as the city’s rail access, which facilitates travel to the company’s other U.S. locations, such as Arlington, Va., and … Continue reading
Filed under Real Estate Market
Commercial Property Owners Appealing Assessments
Commercial property owners throughout the state are appealing their tax assessments. Any good commercial property owner should be doing this every year anyway since certioraris work on a contingency basis. As for the repercussions to the townships tax rolls, … Continue reading
Filed under Current Events, Government, Real Estate Market
New retail tenants downtown
Yes the market is slow, investors can barely get financing on AAA in place tenants. Vacancies are worthless in a shaky retail environment. However in the past 2 months Downtown Newark has seen 5 vacancies tenanted. The first I … Continue reading
Filed under Real Estate Market
A Tale of Two Cities
This is an interesting article explaining the relationship of the Jersey City office market to that of Manhattan. There is no denying that Jersey City is attached at the hip, however this raises the question… Is Newark??
Filed under Real Estate Market
