October 2018

Weekly News (October 31, 2018)

1. “Kimchi Mama” in Palisades Park Grand Opening Opened on 10/27 at 280 Broad Ave. (Former “Lune”) They had run a successful store in Fair Lawn for 3 years 2 story /total 150 seats and private room with 25- 60 seats Hours: 11am- 10pm. Korean dishes, BBQ,  ice cream,  home made cake, coffee served 2. The builder, Fred Daibes (61) in Edgewater indicted by Federal Grand Jury He and CFO...

Mini seminar by Mary Williams, Paralegal at Law Office

10/24/2018, during the CWM, there was a mini seminar by Mary Williams, a paralegal from Paul C. Kim’s office who is an agent at C Land as well as a lawyer. Mary Williams has been closing many of real estate transaction in NJ area.  All the attendances could get valuable knowledge and insights from her experience....

Weekly News (October 24, 2018)

1. More Luxury Apartment Buildings in Brooklyn, Crown Heights Big riot due to conflicting between Jews and AA in 1991 For last 10 years, new RE development occurred In 2014, 341 Eastern Parkway, 8 story luxury apartment building initiated as a good signal In 2017, 120 unit/8 story “Dean" apartment completed In 2018, 12 story, 185 unit apartment at 409 Eastern Parkway (1 bedroom → $2600, 2...

Weekly News (October 17, 2018)

1. 42 Story rental complex will be built near U.N. Building Luxury rental apartment “Summit New York” : 2 blocks from U.N. building Total 429 units /studio, 1, 2 bedroom, and 3 bedroom penthouse Entire glass wall from floor to ceiling Rent: 1 bedroom → from $4,500 /2 bedroom → from $7,700 / 3 bedroom penthouse → $30,000 Marketed by Elliman. (1st month rent is free) 2. 7 Story...

Weekly News (October 10, 2018)

1. Fort Lee, NJ did ground breaking for “Barrymore Film Center” In Memory of the place for birth place for US movies in 1900’s Name after actor John Barrymore /260 seats cinema Located in between Park avenue and Main street City council plans to solicit the bid in spring and award a contract in fall Will open in 2020 (host screenings of films, classes on how to make films, museum of the...

Weekly News (October 3, 2018)

1. Korean Restaurant “GumKangSan” filed bankruptcy again The restaurant (Owner: JiSung Yoo) filed chapter 11 on 7/12/2018 Frist chapter 11 filed in 2015 during wage dispute Debt is about $500K- $1M and Loaners are about 49, including fine by NYC fire department ($41,000) and Health department ($35,000) Real reason to file chapter 11 this time is to protect eviction by landlord Total debt to...

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