This week’s Interest Rate 30 Y Rate: 4.125%/ 15 Year Rate:3.750%/ 10 Y Treasury: 2.533%/ Prime Rate:5.5% Westfield Garden State Plaza mall becomes downtown of Paramus, NJ (The Record 5/1) The owners of the mall will a brand-new downtown, equipped with luxury, mixed-use residential development where mall-lovers can live a stone’s throw from their favorite stores. The project...
by stephenlee This week’s Interest Rate 30 Y Rate: 4.125%/ 15 Year Rate:3.750%/ 10 Y Treasury: 2.533%/ Prime Rate:5.5% Valley Hospital moved forward to open it’s Paramus facility by $50M donation (The Record 4/24) Valley Hospital announced in January 2018 that it would build a new hospital on a 40 acre campus off Winters Avenue in neighboring Paramus. Currently the hospital operates from...
by stephenlee This week’s Interest Rate 30 Y Rate: 4.125%/ 15 Year Rate:3.625%/ 10 Y Treasury: 2.59%/ Prime Rate:5.5% “The Palisade Church” in Old Tappan, NJ Chapter 11 file has been declined The court has declined the chapter 11 file in response to PCUSA’s filing for declining the bankruptcy. The court mentioned that the church is not qualified to apply bankruptcy and entity who has...
by stephenlee This week's Interest Rate 30 Y Rate: 4.000%/ 15 Year Rate:3.625%/ 10 Y Treasury: 2.499%/ Prime Rate:5.5% “The Palisade Church” in Old Tappan, NJ filed Chapter 11 on 3/18/2019 The church is located at 236 Old Tappan Rd, Old Tappan, NJ. Presbyterian Church of the Palisades Non Profit’s debt is $2.4M and they filed the Chapter 11 which is very rare for Korean church in NJ. ...
by stephenlee This week’s Interest Rate 30 Y Rate: 4.000%/ 15 Year Rate:3.625%/ 10 Y Treasury: 2.472%/ Prime Rate:5.5% Edgewater contaminated site “Quanta Superfund site” fumes were harmful (The Record) When Edgewater residents complained last year about noxious fumes coming from cleanup work at the Quanta Superfund site, EPA officials said there was no health risk to the public. A new state...
by stephenlee This week’s Interest Rate 30 Y Rate: 4.000%/ 15 Year Rate:3.620%/ 10 Y Treasury: 2.395%/ Prime Rate:5.5% Ridgefield neighbors object Thermal Power Plant construction in Meadowland “North Bergen Liberty Power Plant” will be built in Meadowland swamp area across Ridgefield, which can produce 1,200 MW power and costs $1.5B. The power generated will be transferred to New York City through...
by stephenlee Over 110,000 New Yorkers use illegal basement for living 114,000 New York residents are living in altered basement without permits. Mostly they live in basement because they cannot afford high NY rent. FDNY concerns poor ventilation and lack of fire alarm system, and exposure to CO gas. NYC Council initiated program to modify basement and legalize them in East New York in Brooklyn as a trial case on...
by stephenlee Ridgefield moves forward to move on new municipal hall Current municipal building is getting old and requires serious repairs due to aging. The borough council approved to issue $850,000 bonds for initial environmental studies, engineering and design work. The new site will be on Slocum Ave next to Borough Community Center and across from Ridgefield Nature Center. Municipal court, police department,...
by stephenlee Palisades Park Police chief might face to resigning City council had a closed meeting for discussing about police chief Mark Jackson They discussed his incompetence and responsibility for many undesirable cases in police force for last 2 years since he was appointed by former mayor for the police chief He is blamed for many charges: 1) unprofessional procedure of hiring school safety guards/hiring...
by stephenlee Fighting to save homes in Leonia against condemnation The town Leonia initiated re-development study to be conducted along Fort Lee road, Grand Ave and Schor Avenue and sent out the letter to residents Light rail station in Leonia might be connected to this study, which a part of long-awaited Bergen-Hudson Light Rail extension No time line for the construction for the extension project, but NJ...
by stephenlee