Ever heard of the Kean Estate in Livingston NJ? If not, allow me to introduce you to this gem, its history, and the family that’s bringing it back to life.
SPI CEO @millercwl opens up programming in conversation with @passalacqua_mj from the
@cftc.
"Thanks to the leadership of President Trump, the GENIUS Act is the law of the land. Operation Chokepoint 2.0 is dead. The Clarity Act is on the cusp of being signed by the President. And now there's regulatory clarity for perps in the US." - @passalacqua_mj
@LiamBlank Say more about through running and these friction issues you mention. I’m unfamiliar. We sell development sites in Newark, would love to learn more.
Sub 5M notes so far but only a year or so into going after these. Lenders definitely do get a lot of tire-kickers.
Public records are easy to navigate once you know where to look but definitely takes some iterating to get to that point and each county has different set up which complicates things.
How much value can one really add?
An office property on Broad St in Downtown Newark NJ just landed in foreclosure so let's take a look at the numbers:
5/5/16 - Purchased for $10.5M with $6M PPM from Signature Bank
6/1/17 - $13.5M Refi - Lakeland Bank
5/8/19 - $33.85M(!!!) Refi - Natixis (CMBS)
9/15/25 - Notice of Lis Pendens
So, the answer appears to be A LOT of value but at what cost?
Only time will tell.
Chick-Fil-A Inc. (corporate) is now in contract to purchase 2-28 Broadway from Broad Street Newark LLC for an undisclosed price.
CFA had been seeking an operator for the new store after securing approvals on the 1.38 AC site but were seemingly unsuccessful.
One to keep an👀on.
Chick-Fil-A is coming to Newark, NJ.
BUT, without a dining area - strictly a walk up window and double drive through.
Could this be their new prototype or just a one off?
SALE
IMAGE: Ryan Cerqueira
DATE: 07/17/2025
ADDRESS: 94-98 Parkhurst Street
MARKET: Newark
ASSET TYPE: Industrial
SELLER: Russ Williams
BROKER: Ryan Cerqueira - The Quinas Companies
SALE PRICE: $1,000,000
SF: 6,250 ~ PPSF: $160
#NewJersey#RealEstate#TradedNJ#TradedPa...
@3_under_scores_ RIP Smorgasbar.
Plans show that there will be a biergarten in its place when all is said and done and hopefully so. JC needs more, not less, activation of its waterfront!!