50 and 70 Columbus, the iconic Jersey City apartment buildings overlooking the ocean, received a $340 million loan to repay. This deal shows that investors trust non-Manhattan rental units near public transportation. JLL and BlueGate Partners’ capital markets helped Ironstate Development Company and Panepinto Properties acquire additional financing. Loans were made by Truist Financial Corporation,…
Starbucks plans to close several stores, including at least five in New Jersey, in a nationwide restructuring to reduce underperforming sites. This statement comes as the coffeehouse business focuses on efficiency, customer experience, and finances. Starbucks is closing shops as part of its “Back to Starbucks” initiative to evaluate its North American footprint and prioritize…
In preparation for its fall closure, Field Station: Dinosaurs in Leonia is offering its more than 30 life-size animatronic dinosaurs to the public. The park’s proprietors have listed the creatures for sale on social media, charging several hundred dollars for smaller versions and several thousand for larger ones. Each dinosaur comes with a control box…
The popular Chef Mike’s Atlantic Bar & Grill and Island Beach Motor Lodge will be demolished to make room for an expensive residential development in South Seaside Park. Both 24th Street and Central Avenue homes will change hands on October 1. The new owners say demolition of the motel will commence later that month. After…
After more than a century, Morristown’s Mount Kemble Avenue hospital will be dismantled, changing its medical environment and real estate. Local officials approved progressive demolition of the long-inactive All Souls Hospital and rehabilitation center un early February 2025. Health and local officials said the removal will meet strict safety and environmental standards, but they have…
PGA Tour Superstore, one of the nation’s largest golf shops, is opening two more New Jersey stores. Growth indicates that the business is attracting more gamers in the state and is devoted to delivering high-quality golf gear for all skill levels. Cherry Hill will host the first new site on October 25. This matters to…
Wilbur’s Country Store in Warren County, New Jersey’s most famous general store, is still for sale. The store has served generations of Frelinghuysen locals and tourists in a 19th-century building on Route 94. Whoever buys the $728,000 property and preserves its culture determines its fate. Wilbur’s, one of the state’s remaining independent country stores, sells…
Petco plans to close 25 US stores by 2025, matching 2024’s total. Sales and shop performance fell, necessitating the decision. Experts say Petco’s action is part of its bigger effort to improve its operating strategy and profitability. Petco lost 2.3 percent in second-quarter net sales, earning $1.5 billion from its pet sector. Comparable store sales…
A federal judge nullified the $1.5 million sale of a Margate City property because the sellers concealed considerable improvements done without licenses. This verdict emphasizes the need of transparency and local construction rules in real estate transactions. The lawsuit concerns a Tudor-style home in Margate’s Marven Gardens neighborhood. Vincent and Therese Novelli bought the four-bedroom…
New Jersey governor Phil Murphy arrived in New Delhi Wednesday night. His work trip to India lasts a week. The group, which includes First Lady Tammy Murphy, aims to strengthen the state’s corporate connections with a major trade and investment partner. The journey will stop in Bengaluru, Hyderabad, and Mumbai to network and find investment…
