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...

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...

This week’s Interest Rate      30 Y Rate: 3.750%/  15 Year Rate:3.250%/ 10 Y Treasury: 1.988%/  Prime Rate:5.5%   ADM(American Dream Meadowland) will bring Coke as a partner (The Record  6/26) American Dream and Coke announced partnership: ten year deal includes an 800-person dinning center, social media storefront, green rooms, and more events to the Meadowlands.  The 3 million sf...

This week’s Interest Rate      30 Y Rate: 3.875%/  15 Year Rate:3.375%/ 10 Y Treasury: 2.058%/  Prime Rate:5.5%   A house in Ridgefield burn down completely due to explosion by gas (The Korea Times  6/18) A House at 360 Abbot Ave. Ridgefield was burn down at around 11:30am on 6/17/2019.  Gas leaking ignited fire and explosion and resulted in complete burn down the house including...

This week’s Interest Rate      30 Y Rate: 3.875%/  15 Year Rate:3.375%/ 10 Y Treasury: 2.145%/  Prime Rate:5.5%   Constructing super high-rise buildings in Manhattan, NY is booming (The Korea Daily 6/7) According to New York Times, 16 super high-rise buildings over 1000 ft (304 m) are under construction or planning in Manhattan currently.  It is super fast rate while only 7 buildings...

This week’s Interest Rate      30 Y Rate: 3.875%/  15 Year Rate:3.375%/ 10 Y Treasury: 2.128%/  Prime Rate:5.5%   Two Bergen County Real Estate Brokers admitted their roles in short sale scheme (Dailyvoice.com 5/31, The Korea Times 6.1) Steve Young Kang (64, Ridgefield) and Young Jin Son (49, Norwood) told a federal judge in Newark on 5/30/2019 that they recruited others to participate...

This week’s Interest Rate      30 Y Rate: 4.000%/  15 Year Rate:3.625%/ 10 Y Treasury: 2.462%/  Prime Rate:5.5%   Structure built to contain Naphthalene fumes from Edgewater Superfund site (Grid Bits 5/4) Workers erect a large, temporary tent-like structure on hopes of containing naphthalene fumes when work resumes at the Quanta Superfund site in Edgewater, NJ.  The first four-story...

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...

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...

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...