1. Jaguar HQ will stay in Mahwah, NJ Jaguar Land Rover North America celebrated new HQ in Mahwah off RT 17 - 144,000 SF (Former Sharp location) $30 Million investment: Show room plus 30,000 SF for research center, training and development center – 360 employees One time, moving out considered → decided to stay with offer for 10 year, $28 Million tax break in 2015 They were located in...
by stephenlee 1. Best Seller market in Flushing, NY According to StreetEasy, Flushing is best Seller market among 10 seller market in NY Flushing → Wood heaven → Kew Gardens → Prospect Heights → Flatbush →Glendale… 65 days to close (Flushing area: 52 days to close) Definition of seller market: Sold at full listing price and low inventory Median price went up to $822,500 from 742,000 last year...
by stephenlee 1. NJ Affordable Apartment will be increased Judge Mary Jacobson sentenced to build more affordable apartment in Princeton (753 units) and West Windsor (1500 units) in NJ by 2025 Two towns were receiving funds for affordable housing, but not many affordable units built → Two towns must submit their construction proposal by 7/24/2018 to the court FSHC (Fair Share Housing Center) mentioned that it...
by stephenlee 1. Palisades Park, NJ faces suit over approval for high-rise Kibel Cos. (Manhattan based. Owns “Carriage House” in Fort Lee) filed a suit against 14-story high-rise known as the Aquaterra Apartments in the Long Swamp section between Fort Lee and Palisades Park (East Edsall Blvd. and 14th St) Palisades Park town approved this apartment in October 2017 Defendants are Palisades Park Zoning Board...
by stephenlee 1. Leonia, NJ, traffic ban for non-residents → Leads to Protest The mayor said town will change the sign contents → Residents and Customers may enter… About 80 Business owners protested and demonstrated on the street, requesting that the ban should be lifted The policy to ban detour traffics has created bigger problem → Critical damages on business 2. Palisades Park, NJ → Good signal...
by stephenlee 1. Palisades Park, NJ crime rate went down while Fort Lee rate went Up Palisades Park rate Down by 31.7% to 125 (Theft went Down by 13.5% to 64) Englewood Cliffs rate Down by 22.9% to 34 (Car theft went Up from 2% to 4) Fort Lee rate went Up by 7% to 442 (Theft went Up by 16.6% to 232 / Car theft went Up by 175 to 11) Ridgefield rate went Up by 34.6% to 106 (Violence Up by 75% to 34 / Theft Up...
by stephenlee by stephenlee 1. A penthouse condo in Manhattan, NY sold at $60 Million → Highest price this year 432 Park Ave. between 56th St and 57th St: 2 units at 91th floor Each unit listed at $40 Million (91A, 91B) → finally sold 2 unit together at $60,083,577 Together 8000 sf. Each unit includes 3 Bedrooms, 3.5 Bathrooms Monthly maintenance fee: $32,119.00 / 1396 Feet Last year December, 3 units together...
by stephenlee 1. New Jersey’s First Private medical school in 50 years will open this summer?? Seton Hall University and Hackensack Meridian Health are keeping pushing their plan to open this summer. The school (The Seton Hall-Hackensack Meridian School of Medicine) will be on former Hoffman-La Roche campus in Nutley and Clifton If accredited, they will accept 50 students first year, and grow into up to 500...
by stephenlee 1. Poonglim Restaurant, Fort Lee, NJ closed down Owner Ms. Ha filed bankruptcy Chapter 7 on 18th She owns Poonglim and Catering Business Debtor includes Bank of Hope, Flushing Bank, Noah Bank, New Millennium Bank and a few individuals Creditor meeting will be held on 2/13/2018 2. Leonia, NJ, non-resident vehicle prohibited during rush hours from 1/22/2018 On about 60 local roads, between...
by stephenlee