Sony Electronics Inc. has sold its Park Ridge building to Hornrock Properties of Paramus for an undisclosed amount, and plans to lease back part of the building. Hornrock said the purchase was part of an effort to diversity its portfolio, which also includes town houses in Morris County and single-family homes in Central Valley, N.Y.…
NY1 VIDEO: While a lot of attention is being put on development projects in St. George including the NY Wheel and Empire Outlets, another development project just down the shoreline is getting closer to completion. The project is transforming 36 acres on the former Stapleton Homeport into a sustainable waterfront community. It will include 900 units…
Joshua Burd reports on the expansion of Ironstate Development into Staten Island and Connecticut. After decades spent building a vast multifamily portfolio around New Jersey’s Gold Coast and then New York City, Ironstate Development is adding a new location to its list of target markets: Stamford, Connecticut. The well-respected Hoboken-based firm is preparing to start construction…
The financial crisis brought New Jersey’s for-sale housing sector to its knees — and developers of luxury condominiums were among the hardest hit by the meltdown. But some builders are slowly coming back to the asset class, experts say, driven by the demand for high-end units in the state’s prime locations and the sheer lack…
via Laura D.C. Kolnoski/ Industry Magazine A comprehensive development like no other, Port Imperial along the Hudson River continues rising as new residents clamor to be part of a whole new thing. A community in itself, the $2 billion development stretches over two miles along the waterfront. It is rapidly transforming the area with soaring residences,…
A partnership between Energy Technology Savings (ETS), Lowe’s, and Electrolux could have major implications for multifamily energy usage. The companies are launching a pilot program, installing wireless pack-aged terminal air controller (PTAC) units at high-rises in New Jersey. By connecting the PTAC units to wireless networks, users will be able to con-trol the devices from…
Joy Abma, 23, and Dan Charnesky, 24, expected to rent an apartment after their wedding this spring. But when they looked at the high rents — and the difficulty of finding a place that would take their three dogs — they decided to try to buy a home instead. “We had been saving for a…
The new Fort Lee, NJ, rental tower The Modern was some 40 years in the making. To hear resident Larry Sharpe describe it, it was worth the wait. “You have every amenity in the world,” Sharpe says of the building, where he shares a two-bedroom with his wife and their three-year-old twin daughters. “There’s a…
As developers go, David and Michael Barry are just about as prolific and active as anyone else in New Jersey. But that’s not because they simply finish a project and then move onto the next one. Quite the contrary — the heads of Ironstate Development are as much about building neighborhoods as they are about…
via BuzzBuzzHome – With The Residences at Palmer Square, you have to start at the very beginning. The 100-unit bespoke luxury development in downtown Princeton is the culmination of a vision that dawned in the late 1930s. In the early 1900s, Edgar Palmer first conceived of the Square as a new municipal center with buildings for…
