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NJ Town Drops Eminent Domain Seizure Threat Against Historic Church Property

NJ Town Drops Eminent Domain Seizure Threat Against Historic Church Property

by Phil Hall | Jul 31, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A New Jersey town has halted its efforts to seize an Episcopalian church’s property to create a park with pickleball courts. The Asbury Park Press reports Toms River Mayor Daniel Rodrick postponed a vote on seizing Christ Episcopal Church in the wake of angry public...
Two Mixed-Use Jersey Shore Properties Sell for $5.35 Million

Two Mixed-Use Jersey Shore Properties Sell for $5.35 Million

by Phil Hall | Jul 22, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A pair of retail/office properties along the Jersey Shore were sold for a combined $5.35 million. SRZ Properties LLC acquired 9218 Ventnor Avenue in Margate, New Jersey, for $3.15 million. The property encompasses nearly 8,000 square feet, along with an onsite parking...
Hits and Misses for the Real Estate Week of July 7-11

Hits and Misses for the Real Estate Week of July 7-11

by Phil Hall | Jul 11, 2025 | Commercial Real Estate News, Current News & Events, Hits and Misses, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Gavin Newsom’s long-distance grant funding, a data access deal with three major MLSs, and investors hogging the homebuying market. From the wild and wooly world of real estate, here are our Hits and Misses for the week of July 7-11. Miss: Greetings from South...
Trump Administration Intervenes in Eminent Domain Case Over NJ Family-Owned Farm

Trump Administration Intervenes in Eminent Domain Case Over NJ Family-Owned Farm

by Phil Hall | Jun 25, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Trump administration is intervening in a case involving a 175-year-old family-owned farm being threatened with eminent domain seizure by the town of Cranbury, New Jersey, which wants to take the property for the construction of affordable housing. Fox Business...
New Jersey’s Historic Freehold Raceway is Sold, with Mixed-Use Development Planned

New Jersey’s Historic Freehold Raceway is Sold, with Mixed-Use Development Planned

by Phil Hall | Jun 16, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

New Jersey’s Freehold Raceway, the nation’s oldest half-mile harness racing track, was acquired by Raceway RE Partners, which plans to demolish the landmark site. The financial terms of the acquisition were not disclosed – the Asbury Park Press reports the property...
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