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70,680 SF Industrial Property in New Jersey Sells for $20.9 Million

70,680 SF Industrial Property in New Jersey Sells for $20.9 Million

by Phil Hall | Nov 7, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Dora’s Naturals, a distributor of natural and organic perishable products, has acquired a 70,680-square-foot industrial property in Moonachie, New Jersey, from KBC Advisors for $20.9 million. Built in 1985 on a 3.47-acre parcel, the property is accessible to Routes...
Mortgage Industry Executive Frank Pallotta Weighs Run for New Jersey Legislative Seat

Mortgage Industry Executive Frank Pallotta Weighs Run for New Jersey Legislative Seat

by Phil Hall | Oct 31, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Longtime mortgage industry executive Frank Pallotta has set up an exploratory committee to consider a run for New Jersey’s 39th Legislative District Assembly seat. Pallotta is considering a potential challenge to incumbent Assemblyman Robert Auth for the Republican...
Three Lawyers and a Realtor in New Jersey Indicted in Short Sale Fraud Scheme

Three Lawyers and a Realtor in New Jersey Indicted in Short Sale Fraud Scheme

by Phil Hall | Sep 26, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Three licensed attorneys and a licensed realtor in New Jersey were indicted for their roles in defrauding financial institutions in a short sale fraud scheme. Lawyers Bruce Egert, Nelson Kong, Seung Han Shin (aka Aaron Shin) and realtor Francisco Sanchez were each...
New Jersey Town Seeks to Buy College Campus in Property Ownership Dispute

New Jersey Town Seeks to Buy College Campus in Property Ownership Dispute

by Phil Hall | Sep 23, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The municipal council in Princeton, New Jersey, has begun the process to acquire the historic former campus of Westminster Choir College – although the ownership of the property is in dispute. NJ.com reported the council issued an ordinance to acquire the campus, with...
Lennar Plans Four Communities in New Jersey

Lennar Plans Four Communities in New Jersey

by Phil Hall | Sep 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homebuilder Lennar (NYSE:LEN) announced plans for four new communities in New Jersey. The master-planned communities debuting over the next few months include: The Grove, located in Whippany, will feature 60 two and three-story townhomes; The Signature Collection...
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