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Tuesday, nov 26
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Real Estate Development
Politics
Meet Andy Kim, Curtis Bashaw: NJ Politicians Vying For Menendez's Former Seat
Rep. Andy Kim, D-NJ and Curtis Bashaw, a business owner, are running for Sen. Bob Menendez's old senate seat after the disgraced senator resigned following his conviction on felony corruption charges. Here's a little bit about the two candidates: Kim has represented New Jersey's 3rd congressional district since 2019. He jumped into the race upon Menendez's indictment and fended off a challenge from First Lady Tammy Murphy, whose campaign struggled, forcing her to drop out before the primary. Kim's lasting impact in the race may be upending New Jersey's controversial "line" system. A j…
News
NJ Real Estate Developer Fred Daibes Pleads Guilty To Bank Fraud
Fred Daibes, a 67-year-old real estate developer previously convicted of bribing disgraced New Jersey Sen. Bob Menendez, pleaded guilty to bank fraud on Thursday, Sept, 5, authorities said. The former CEO and chairman of the board of directors at Mariner's Bank pleaded guilty in Newark federal court to making false entries in connection with a $1.8 million loan from his bank in 2008, US Attorney Phillip Sellinger said. Daibes said the line of credit was for someone else, when it was actually for his benefit, Sellinger said. The loan said the source of repayment would be from the p…
Real Estate
Luxury Hotel Replacing 3 Motels In Jersey Shore Borough Long-Reputed As Party Town
A Jersey Shore town that gained a reputation for being one of the best places to party while down the shore is getting a rebrand. And it's in part due to a luxury hotel set to replace three of the motels in Seaside Heights that haven't exactly been helping the family-friendly atmosphere. In a 6-0 vote last month, Seaside Heights council members approved the designation of a Boston-based redeveloper for the hotel, to be built on the Lincoln Avenue and Ocean Terrace lots where Dry Dock, Glendale, and Surfside motels currently stand. The firm, 6M Development, shared a brief description of the…
News
Ex-Deputy Mayor Of Newark Admits Taking $25K Bribe In Restaurant Bathroom: Feds
Carmelo Garcia, who previously served as deputy mayor of Newark and one term in the state General Assembly, admitted to taking $25,000 in bribes, federal authorities said. Garcia, 49, pleaded guilty to conspiring with two Newark business owners to obtain corrupt payments intended to influence and reward him for assisting them with the acquisition and redevelopment of various city-owned properties while serving on the Newark Department Economic and Housing Development, U.S. Attorney Philip Sellinger said. Between 2017 and 2019, Garcia sought and received significant mone…
News
Long-Vacant North Jersey Movie Theater Finally Getting Its Happily Ever-After
After several years of vacancy, a Montclair movie theater will soon be brought back to life. The Tudor-style Bellevue Theater in Upper Montclair has sat vacant since the prior operator's lease ended 2017, but at a meeting on Monday, June 10, redevelopment plans were unanimously approved. Bellevue Theater in Montclair. Google Maps The plans call for transitioning one of the four theaters into retail, there by connecting Upper Montclair Plaza to the retail of Bellevue, "a great win for all," said a spokesperson for RHG Architects + Design, who are working on the project. The…
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