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Residential Real Estate

Real Estate
Why This NJ Cape Is Realtor's Hottest Property Why This NJ Cape Is Realtor's Hottest Property
Why This NJ Cape Is Realtor's Hottest Property Elizabeth Morris is having no trouble at all selling the property at 11 Mayfair Dr. At approximately 1,100-square-feet with three bedrooms and two bathrooms, the West Orange Cape Cod house is, well, ordinary. But it's updated. It's in a quiet neighborhood with good school systems.  Oh, and it's affordable. "It's a sad function of our market right now," said Morris, of Prominent Properties Sotheby's International Realty, speaking to the high price point of residential real estate. "There's no inventory and virtually none under $500,000 for a single-family home." According to Roc…

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by Cecilia Levine
Business
Chipotle, Starbucks, Panera Locations Proposed For Former G&H Property In Sussex County Chipotle, Starbucks, Panera Locations Proposed For Former G&H Property In Sussex County
Chipotle, Starbucks, Panera Locations Proposed For Former G&H Property In Sussex County The former G&H property in Sussex County may be getting new Chipotle, Starbucks and Panera locations. The Town Council in Newton made residential and commercial ordinances for a PILOT (‘Payment in Lieu of Taxes’) plan at the location on Water and South Park Drive, NJHerald reports. The commercial and residential portions of the property will be divided for separate ownership, according to the report, which cites Town Manager Thomas S. Russo. In addition to 100 market-rate rental units, the proposal includes a plan for a pair of one-story commercial buildings with a maximum square foota…

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by Valerie Musson