via GLOBE ST/Debra Hazel FORT LEE, NJ–The recent groundbreaking of Twenty50, the 194-unit luxury rental building at 2050 Central Road here, is the culmination of nine years of planning, says BNE Real Estate Group, the project’s developer. The recession and resulting renewed appeal of rentals led BNE to reduce the size of the residences and … Continue reading Twenty50 Rental Breaks Ground in Fort Lee
Work Begins on Fort Lee Apartments
via MULTI-HOUSING NEWS/Dee Stribling, Contributin Editor Fort Lee, N.J.—BNE Real Estate Group has broken ground on Twenty50, a 194-unit apartment building near the George Washington Bridge in Bergen County, N.J., across from the uppermost reaches of Manhattan. Construction on the $70 million, 12-story building is scheduled to be complete by the fall of 2013. Designed … Continue reading Work Begins on Fort Lee Apartments
Season to Shine for Concierges
By ANTOINETTE MARTIN/THE NEW YORK TIMES AT a cozy multicultural party earlier this month in the clubroom of the Residences at Vail Mansion in Morristown, condo owners exchanged holiday cookies and recipes. The event had been arranged by the concierge service. At the Crystal Point tower in Jersey City, the concierges bought people’s gifts for … Continue reading Season to Shine for Concierges
Real estate developers see future growth in high-end, rental residential projects
By Sarah Portlock/The Star Ledger In the years since the real estate bubble collapsed, developers have looked long and hard at what projects they have in the pipeline. They study the market and in meetings ask, Could we see our plans through? Should we modify them? Start over? One segment that is starting to see … Continue reading Real estate developers see future growth in high-end, rental residential projects
First building in Harrison Station mixed-use development opens
via NJ.COM By Travis Fedschun/The Jersey Journal The first building in the $750 million Harrison Station mixed-use development opened yesterday afternoon with ceremonies attended by Sen. Robert Menendez and local officials. The new development includes a beach volleyball court, landscaped courtyard with a pool, and a state-of-the-art fitness center just steps from the Harrison PATH station. … Continue reading First building in Harrison Station mixed-use development opens
Waterfront rentals shine in a dull market
via The Newark Star-Ledger By Kathleen Lynn/The Record Two luxury apartment projects are planned for the Hudson River waterfront, a sign that rentals remain the most robust segment of the real estate market. Mack-Cali Realty, the state’s largest office landlord, said yesterday it is teaming up with Ironstate Development of Hoboken to build two highrise … Continue reading Waterfront rentals shine in a dull market
Housing Calls To Mack-Cali
via The Wall Street Journal By A.D. PRUITT And DAWN WOTAPKA Mack-Cali Realty Corp., New Jersey's largest office landlord, announced a joint venture to develop two luxury apartment towers on Jersey City's waterfront Wednesday. The deal, Mack-Cali's first foray into multifamily properties in a decade, comes as the company seeks new ways to expand as demand … Continue reading Housing Calls To Mack-Cali
First Phase of Harrison Station Complete
By DEBRA HAZEL/GLOBE ST HARRISON, NJ-The first phase of the Harrison Station mixed-use development here was officially completed on Dec. 9, when US Sen. Robert Menendez (D-NJ), Hudson County Executive Thomas A. DeGise and Harrison Mayor Raymond J. McDonough joined developers Ironstate Development and the Pegasus Group for a ribbon-cutting ceremony. The … Continue reading First Phase of Harrison Station Complete
Jump in housing starts points to recovery
via By Lucia Mutikani WASHINGTON (Reuters) - Housing starts and building permits jumped to a 1-1/2 year high in November as demand for rental apartments rose, suggesting the housing market was entering a tentative recovery. Tuesday's data, which also showed gains in groundbreaking for single-family homes, was the latest sign of a quickening of … Continue reading Jump in housing starts points to recovery
Park Slope Firm Expands To Williamsburg
via The Real Deal Venerable Park Slope brokerage Warren Lewis Realty is expanding outside the neighborhood for the first time. The 25-year-old firm is taking over Prudential Douglas Elliman's old office at 299 Bedford Avenue in Williamsburg, according to Warren Lewis president Aroza Sanjana. The 1,600-square-foot location, which Elliman vacated last year after moving into … Continue reading Park Slope Firm Expands To Williamsburg
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