Category: In the News

Owning trumping leasing

Rising rents, cheap mortgages ignite sales of small apartments. By AMANDA FUNG Last week, Michelle Lynn and her husband went into contract on a $360,000 alcove studio apartment on East 57th Street, near the river. The couple, who live upstate, had originally planned to rent a place in town as they did years ago, but … Continue reading Owning trumping leasing

Pathway to the future on a $256M fast track

By Steve Strunsky/Star Ledger Staff Direct access to Manhattan, Jersey City and Hoboken by PATH train has been a cornerstone of Harrison’s plan to transform itself from an industrial center into a commuter hub. Hundreds of condominiums and rental units are already built, under construction or planned for the area surrounding the local PATH station. … Continue reading Pathway to the future on a $256M fast track

BROOKLYN NO LONGER SECOND TO MANHATTAN

Updates on the real estate market  via  Benjamin-Emile Hay/New York Observer THESE DAYS MANY REALTORS are noticing that fur many luxury buyers and renters, Brooklyn has evolved into a borough of choice rather than a second rate alternative. With abundant green spaces, innovative top-notch restaurants, cultural diversity, a full-on social scene, fantastic shopping and world-class … Continue reading BROOKLYN NO LONGER SECOND TO MANHATTAN

Home construction shows signs of life after long downturn

By KATHLEEN LYNN/STAFF WRITER From new luxury homes in Saddle River to town houses in Garfield to rentals in Fort Lee, Elmwood Park, Hackensack and Wood-Ridge, North Jersey is seeing small signs of life in the deeply troubled housing construction industry.   After bumping along at near 40-year lows for several years, homebuilding is nowhere … Continue reading Home construction shows signs of life after long downturn

Staten Island condo returns after 4 years

via Amanda Fung/Crain's New York A long-stalled condo project in St. George, Staten Island, is back in gear. Meadow Partners, the new owners of The Pointe, a 57-unit development near the Staten Island Ferry at 155 Bay St., recently re-launched the project. And in just one week of showing the building, two units have already … Continue reading Staten Island condo returns after 4 years

Access to the Country and to Croissants

via JOYCE COHEN/ The New York Times Hervé and Dacotah Rousseau instantly liked the Apex Condominiums on Frederick Douglass Boulevard. Read the full story >>>

Brooklyn Condos Converted to Luxury Rentals

By Keith Loria, Contributing Writer/Multi-Housing News New York—On the heals of a successful lease-up of the 95-home Arias Park Slope rental building, The Marketing Directors Inc. was chosen by Invesco to direct the marketing and leasing for 75 Clinton in Brooklyn Heights. “These were originally built as condos, so it is a very high end … Continue reading Brooklyn Condos Converted to Luxury Rentals

Residential Life Begins On An Upbeat At The Vue

via ANTOINETTE MARTIN/GlobeSt NEW BRUNSWICK - Upscale rentals and penthouse condominiums are drawing strong early response at downtown New Brunswick’s The Vue, a building that offers walkway access to the train station close by. About 25% of the 150 rental residences have been leased and ten penthouse condominium homes have been sold in the first three … Continue reading Residential Life Begins On An Upbeat At The Vue

Award-winning 40 Park Helping Transform Downtown Morristown

via Multi-Housing News Online/Jeffrey Steele, Contributing Writer   Morristown, N.J.—Four years ago, the former Epstein’s Department Store in downtown Morristown, N.J., was given new life as 40 Park, an upscale, mixed-use development featuring more than 200 luxury condominiums and rental residences, 66,000 square feet of retail space and an 800-space public parking garage. In the … Continue reading Award-winning 40 Park Helping Transform Downtown Morristown

Feeding the Rental Appetite

via Antoinette Martin/The New York Times HUDSON COUNTY indisputably rules the rental housing market in New Jersey: It has the largest supply of Class A units — around 13,000, according to industry experts — and commands the highest average rental rates of any part of the state. This year and next, that rental kingdom is … Continue reading Feeding the Rental Appetite