Category: Spending

NJ developer makes use of “virtual realty.” – New Jersey developers, Clearbrook Partners employ computer animation to display yet-to-be-built homes – Technology Twenty-first century computer-animation technology is giving prospective homebuyers “photo realistic” views of the residences at The Ponds at Clearbrook before they are actually built, according to Clearbrook Partners, developers of the planned 600-home […]

Welcome Home Portside Commons, Elizabeth, N.J. ribbon-cutting ceremony held to commemorate the landmark redevelopment of two public housing complexes into new single and multi-family townhouses on the waterfront — a culmination of partnerships of community and government leaders and combined funding from banks, and federal, state, and city resources. COPYRIGHT 2000 Hagedorn Publication COPYRIGHT 2001 […]

Non-disturbance clauses key for tenants today – agreement obtained from landlord obligates lender to perform all covenants of lease promised to tenant in cases of foreclosure of commercial buildings – Commercial Sales & Leasing Barry Gosin No business escaped the recession unscathed. Commercial real estate brokers and owners alike have felt the affects of falling […]

Hollister Construction Services Hollister Construction Services announced it has appointed Robert Duff as chief estimator. In his new position, Duff will be responsible for fiscal responsibilities including the preparation of all project cost estimates. Duff brings 34 years of estimating and project management experience to Hollister. He has worked with general contractors and real estate […]

CBRE 200,000 s/f office exclusive – Stratford Business Corporation – Brief Article Stratford Business Corporation has appointed CB Richard Ellis of Long Island to oversee the leasing of its office building at 175 Fulton Avenue in Hempstead, NY. The CBRE team of Philip Heilpern, Martin Lomazow and David Zelinski will manage the leasing campaign at […]

Hunter Realty Organization Hunter Realty Organization announced that Stuart Dean Co., Inc. has signed a 5,000 s/f lease at 450 Seventh Ave. in New York City. Richard Pugatch and Richard I. Selig, of Hunter Realty, represented the tenant in the transaction. Steven Kaufman and Barbara Roskob, of Kaufman Management Co., represented the landlord. COPYRIGHT 2004 […]

Cambridge hosts 2 conferences – Cambridge Realty Capital Cos – Brief Article Cambridge Realty Capital Companies, based in Chicago, will take an active role at two major senior healthcare/housing conferences, both being held within the same week, on opposite ends of the country. Both the Assisted Living Federation of America (ALFA) conference in Seattle, Wash., […]

Real financing estate – Brief Article Meridian Capital Group announced the following transactions: * A new mortgage of $6.75 million for a co-op building on Metropolitan Ave. in Kew Gardens, N.Y. The loan featured a 6.375% rate and a 10-year term. Aaron M. Birnbaum and Carol Shelby negotiated the transaction. * A new mortgage of […]

Banner year gives Faith and Hope to New York retailers Faith Hope Consolo What a year it’s been! A banner year, in fact, especially when you consider that 2004 was the most active year in the retail real estate market, in terms of new store openings, new retailers coming to New York from both Europe […]

Globalization of real estate finance is industry wild card – Brief Article Terence Tener Looking forward, the true “wild card in real estate is the globalization of real estate finance. Securitized financing is becoming increasingly dominant in the real estate investment industry, and this trend is already adding a global dimension to what are considered […]