New Ownership to Revitalize 170-Unit Jersey Shore Apartment Complex with $7.6M Investment

A major change is underway at a prominent Jersey Shore residential complex as a new owner has purchased Asbury Gardens, a 170-unit apartment community in Asbury Park. The acquisition marks the beginning of a significant transformation for the property, which spans two buildings located at 120 Monmouth Avenue and 1100 Atlantic Avenue. Hudson Valley Property…

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Jason Kelce Expands Post-NFL Career by Investing in Popular New Jersey Hot Sauce Brand

Jason Kelce, the celebrated former Philadelphia Eagles center and current media personality, is adding a flavorful twist to his post-NFL ventures. Known for his appearances on ESPN’s Monday Night Football and co-hosting the sports podcast “New Heights,” Kelce is now stepping into the culinary world with an investment in Hank Sauce, a growing hot sauce…

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Jersey City Apartment Community Secures Major Refinancing as Rental Demand Stays Strong

A large Jersey City luxury unit refinance illustrates multifamily housing market confidence despite rising interest rates. Structured credit refinanced the 201-unit Bergen-Lafayette residential complex for $72 million in mid-December. Building the Hazel apartment complex on Monitor Street in two stages met rising housing demand. Phase 1 supplied 114 units in early 2022 and phase 2…

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Mike Tyson Praises Trump’s Cannabis Policy Shift as ‘A Step Forward for Workers and Families’

Mike Tyson termed President Donald Trump’s cannabis reclassification executive action a big drug policy breakthrough. Tyson supports cannabis use and its economic benefits for American workers and businesses. Tyson praised the social media move’s pragmatism. He said the amendment recognizes hundreds of thousands of lawful cannabis jobs and relieves state-licensed firms of federal taxes. Tyson…

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New Jersey Pharma Firm Announces Major Job Cuts Following Safety Concerns Over Liver Drug

A pharmaceuticals company’s safety problems in New Jersey have led to the loss of 146 jobs. The company laid off workers weeks after federal regulators told them to stop selling the medicine in the U.S., which worried patients and doctors. Intercept Pharmaceuticals, which is based in Morristown, said in a state filing that layoffs will…

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