Northern New Jersey

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Northern New Jersey, July 19, 2018

RETAIL

UPS announced it will expand its pilot project with Latch after testing the company’s smart access devices to enable deliveries inside multi-unit homes in Manhattan and Brooklyn earlier this year. The system uses a unique access code that allows residents and others unlock doors with their smartphones. Read more at the New York Business Journal.

 

RESIDENTIAL REAL ESTATE

The Board of Standards and Appeals cleared the way for Mitsui Fudosan and SJP Properties to move forward with plans for a 668-foot tall tower at 200 Amsterdam Ave. The Committee for Environmentally Sound Development had filed a suit claiming the project was in violation of zoning laws. Read more at BisNow.

 

DEVELOPMENT

BLDG Management revealed more details on its Summit building, a 43-story rental property at 222 East 44th St. at the site of a former parking garage. Plans for the property include 429 apartments, 109 of which will be affordable housing, on-site parking, a drive court, indoor pool and sauna, screening room and lounge. Read more at Curbed New York.

 

NEW CONSTRUCTION

Cosentino Realy Group has purchased a mixed-use property at 425 New York Ave. in downtown Huntington from 425 NYA LLC for $6.2 million. The building was newly constructed in 2016 and includes 10 residential units and 3,500 square feet of office space. Read more at Long Island Business News.

 

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Our Most Recent Features

Northern New Jersey, July 19, 2018

RETAIL UPS announced it will expand its pilot project with Latch after testing the company’s smart access devices to enable deliveries inside multi-unit homes in Manhattan and Brooklyn earlier this year. The system uses a unique access code that allows residents and...

Northern New Jersey, July 18, 2018

ECOMMERCE Walmart has entered into a strategic partnership with Microsoft for five years. Under the agreement, the retailer will be able use utilize Microsoft’s cloud solutions including Azure and Microsoft 365 to improve its ecommerce capabilities and make shopping...

Northern New Jersey, July 17, 2018

ECOMMERCE An analysis from digital marketplace research firm eMarketer found that Amazon currently controls almost 5 percent of all the country’s retail sales, both online and off. And, the firm predicts that the company will get nearly 50 percent of all ecommerce...

Northern New Jersey, July 13, 2018

RETIREMENT Gallup’s State of American Well-Being ranks South Dakota as the best state in which to retire. The findings are based on the results of over 2.5 million surveys to judge how people feel about five aspects of their lives: purpose, social, financial,...

In Case You Missed Them

Northern New Jersey, July 11, 2018

HIGHER EDUCATION An analysis conducted by Savingforcollege.com found that while the average student loan debt upon graduating with a bachelor’s degree in 2016 (the last year for which government data is available) has increased just one percent since 2012, their...

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Northern New Jersey, July 10, 2018

COST OF LIVING A new study from MagnifyMoney ranks the best and worst cities in the country to live on a six-figure salary and New York comes in as the 10th worst on the list. The price comparison and financial education website used a hypothetical couple with one...

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Northern New Jersey, July 6, 2018

JOBS The Labor Department announced jobless numbers for the last week of June. Initial state unemployment claims increased by 3,000 to a seasonally adjusted 231,000. Revised data from the week prior indicates there were 1,000 more than originally reported. Read more...

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Northern New Jersey, July 5, 2018

RETAIL A report by the real estate research firm Reis shows retail vacancies were up to 10.2 percent at the end of the first quarter. New construction fell by 79.7 percent versus the year prior, with only 780,000 square feet being completed. Read more at Fox Business....

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