This week’s Interest Rate 30 Y Rate: 3.5%/ 15 Year Rate:3.125%/ 10 Y Treasury: 1.462%/ Prime Rate:5.25% Ref IR: 2.00- 2.25% Englewood Cliffs, NJ loses housing ruling at the court (The Records 9/4) Superior Court Judge Christine Farrington issued an order on 8/27/2019 saying the court has determined that the Borough has acted in bad faith and determined to be constitutionally...
by stephenlee This week’s Interest Rate 30 Y Rate: 3.625%/ 15 Year Rate:3.250%/ 10 Y Treasury: 1.474%/ Prime Rate:5.25% Ref IR: 2.00- 2.25% Ticketing using Smart Meter in Palisades Park will be prohibited soon (The Korera Times 8/24) Governor Phil Murphy vetoed against the bill to do ticketing using smart meters by camera. Consequently, Palisades Park town will have to stop using smart...
by stephenlee This week’s Interest Rate 30 Y Rate: 3.625%/ 15 Year Rate:3.250%/ 10 Y Treasury: 1.552%/ Prime Rate:5.25% Ref IR: 2.00- 2.25% Palisades Park residents are questioning on major school renovation project (The Korean Daily 8/20) Palisades Park residents are anticipating announcement of additional $60M budget for school renovation and it’s itemized detail and tax increase, but it is not...
by stephenlee This week’s Interest Rate - 30 Y Rate: 3.625%/ 15 Year Rate:3.250%/ 10 Y Treasury: 1.702%/ Prime Rate:5.25% Ref IR: 2.00- 2.25% Drunken youth came out of Palisades Park NoRaeBang assaulted a passenger (The Korea Times 8/10) On 8/5, 13 drunken youths came out of NoRaeBang in Palisades Park attacked a street passenger. It is known that NoRaeBang is run by Mr.M who is one of town...
by stephenlee This week’s Interest Rate 30 Y Rate: 3.500%/ 15 Year Rate:3.150%/ 10 Y Treasury: 1.716%/ Prime Rate:5.25% Ref IR: 2.00- 2.25% “Daiso” Japan opened its super store in Edgewater, NJ (The Korea Daily 8/6) Daiso store(7000sf) location is next door to Mitsuwa Market Place in Edgewater: 595 River Rd, Edgewater, NJ. 1st store opened at Skyview Center in Queens, NY on March...
by stephenlee This week’s Interest Rate 30 Y Rate: 3.750%/ 15 Year Rate: 3.250%/ 10 Y Treasury: 2.065%/ Prime Rate: 5.5% Mayor of Palisades Park, NJ requested suspension of police chief to town council (The Korea Times 7/30, The Record 7/31) It is found by outside consultant Hillard Heintze that there is no written policy for hiring, promotion, punishment, etc. and, therefore, police force...
by stephenlee This week’s Interest Rate 30 Y Rate: 3.750%/ 15 Year Rate:3.250%/ 10 Y Treasury: 2.065%/ Prime Rate:5.5% Lotte Market will be open in Edison on 7/26/2019. (The Korea Daily 7/22) 50,000 sf Supermarket, “Lotte Plaza Market” (Chairman: SeungGil Lee, President: SangMin Lee) will be in Edison, NJ, opening on 7/26/2019. The store is aiming at high-end store with...
by stephenlee This week’s Interest Rate 30 Y Rate: 3.875%/ 15 Year Rate:3.375%/ 10 Y Treasury: 2.106%/ Prime Rate:5.5% Gap in Ridgewood, NJ will close down on 7/27/2019 (The Record 7/17) Gap on East Ridgewood Ave will sale for all items by 50-70% and even fixtures by 50%. The company announced the plan of splitting up Old Navy from the remaining brands -Gap, Athleta, Banana Republic,...
by stephenlee This week’s Interest Rate 30 Y Rate: 3.750%/ 15 Year Rate:3.250%/ 10 Y Treasury: 2.061%/ Prime Rate:5.5% Town hall meeting with mayor in Palisades Park held on 7/9 for Korean commerce (The Korea Times 7/10) At 10:00am, about 20 Korean had participated and debated openly and fervently. The town is well known as K-Town, but some say recently it is facing downwards...
by stephenlee This week’s Interest Rate 30 Y Rate: 3.750%/ 15 Year Rate:3.250%/ 10 Y Treasury: 1.976%/ Prime Rate:5.5% 800 ft office space above Macy’s building in Manhattan will be constructed (The Korea Daily 7/3) Macy’s building in Harold Square is 10 story building currently and they have a plan to build up 800 ft office space on top of the building, according to NYT. Macy’s...
by stephenlee