November 2019

This week’s Interest Rate (47th Week) 30 Y Rate: 3.620%/ 15 Year Rate:3.125%/ 10 Y Treasury: 1.745%/  Prime Rate:4.75% Ref IR: 1.50- 1.75%   Toys R Us is back in Northern New Jersey (The  Record  11/27) The beloved brand is opening first new US retail store since liquidation in Garden State Plaza on Wednesday(11/27), right before Thanksgiving Day. The new store, a highly experiential...

This week’s Interest Rate (45th Week) 30 Y Rate: 3.750%/ 15 Year Rate:3.150%/ 10 Y Treasury: 1.786%/  Prime Rate:4.75% Ref IR: 1.50- 1.75%   SamSung has opted to keep its North American HQ in Ridgefield Park (The  Costar  11/18) SamSung signed up with Landlord KABR Group for currently occupied 235,000 sf at 85 Challenger Rd, Ridgefield Park.  When SamSung moved in this building in 2010,...

This week’s Interest Rate (45th week)  30 Y Rate: 3.750%/ 15 Year Rate:3.250%/ 10 Y Treasury: 1.917%/  Prime Rate:4.75% Ref IR: 1.50- 1.75%   Major redevelopment plan for school district was rejected in Palisades Park, NJ (The Korea Times  11/7) On 11/5/2019 residents vote revealed that residents in Palisades park do not want major redevelopment plan for school district. (311 For and 819...

This week’s Interest Rate (44th Week) 30 Y Rate: 3.750%/ 15 Year Rate: 3.25%/ 10 Y Treasury: 1.864%/  Prime Rate: 4.75% Ref IR: 1.50- 1.75%   Edison, NJ introduced the program to convert own house to public rental house ( The Korea Times 11/4) Through M2A (Market to Affordable Rental Program), individually owned house can be a public rental house for 30 years.  In return, home owner...