JERSEY CITY, N.J. – CBRE Group, Inc. announced today that it has arranged the sale of 2866 John F. Kennedy Boulevard in Jersey City, N.J. for approximately $1.2 million. The three-story mixed-use building is fully occupied, with Subway residing in its ground floor retail space and occupied multifamily apartments comprising the second and third floors. The 4,200-square-foot property is located in the heart of Journal Square, one of the most active markets in the Tri-State area.Â
CBRE’s Tri-State Investment Properties team of Charles Berger and Mark Silverman of New Jersey Investment Properties and Elli Klapper of New York Investment Properties represented the seller in the transaction. The CBRE team was able to secure record pricing in terms of price-per-unit, in-place cap rate and price per sq. ft. The transaction offers an excellent upside for the income buyer upon the expiration of current below-market leases.Â
“The CBRE Investment Properties team is one of the most active in the Jersey City area, having closed three deals in the last month valuing approximately $25 million,†said Mr. Berger. “Journal Square is one of the hottest markets in the Tri-State region and we just recently put three more deals into contract for record pricing, with several more on the way. We are actively assisting owners in monetizing their commercial and multifamily properties and are working with buyers throughout the country who want to break into this booming market.â€
Located directly across from the Journal Square path station, 2866 John F. Kennedy Boulevard is situated in a prime location for commuters. The area – which is in a clear upswing of retail and residential rentals – is surrounded by national and local retailers and is in the immediate vicinity of 30 projects in various stages of development.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com .
On Sunday, March 15, 2015 from 11am – 2pm, the Peninsula Women’s Club will host their 2nd Annual Women of Achievement Brunch. The Brunch will be held at The Chandelier located at 1081 Broadway, Bayonne NJ and the cost is $35.00 per person.
The Club’s motto is “striving for a better community†and the brunch honors a woman, as well as a young woman, who they feel lives this motto. Madeline Lo Re, a local business owner, has worked within our community to bring awareness to others for various cancer treatments and precautions. Briel Peters, a high school Junior, is involved with her community, school and Church with many different activities. PWC celebrates these women for all they do for our community.
The Gimme Shelter Project grew from Michelle Vitale’s work  with the homeless and it is to bring awareness to the 16% homeless increase in New Jersey(taken from the Homeless Point In Time Count).
Ms. Vitale has created 8 out of 16 weatherized blankets with the intent to give them away after the full 16 are made. The other 8 have organized Stitch Ins so the community can contribute to the project.
4 out of Vitale’s 8 blankets are currently on view at Windows on Columbus with an an opening this Friday March 6th from 6 to 8. Also works from Gail Wilbury
The organized Stitch In will take place on Sunday March 8th
Jersey City City Hall 280 Grove Street from 12 noon to 3pm www.woolpunk.com
Actor Harrison Ford crashed his 1942 single-engine World War II training plane, a Ryan Aeronautical model ST3KR on Thursday. Ford crashed shortly after taking off from Santa Monica Airport and landed on Penmar Golf Course in Venice California.
According to NBC4 News the actor is fine and has been treated for some gashes.
A later report indicated that Ford walked away from the accident to a waiting ambulance.
Ford has survived previous plane and helicopter crashes in the past.
A video released by NBC4 News shows the plane Ford was piloting right before the crash.
 Imagine Kanye West and his entourage blowing into Jersey City to check out its club scene. That’s exactly what happened on Feb. 11th when West made a surprise visit to The Dopeness on Second Street. The rapper stopped by The Dopeness to check out the club’s vibe and according to owners Anthony Gude, Steven Schlatmann and Jonathan Scanlon, West sat and listened to the band on stage, shook hands with fans and then blew out the door with his entourage. He connected with The Dopeness and that’s exactly what Gude, Schlatmann and Scanlon want as the take-away for all their customers.
The Dopeness owners Anthony Gude, Jonathan Scanlon and Steven Schlatmann
With a pending liquor license, it’s BYOB at The Dopeness. They offer a kooky menu of comfort foods – much of it bacon-wrapped – and entertainment that’s anything goes. And, of course, that dopeness vibe.
“We’re like a local arts venue,†Schlatmann says. “Some artists are good at what they do. We host them to build their networks. The Jersey City artist community is a big supporter.â€
This week, Jersey City resident Willie Mae Cobbs celebrated a major milestone, her 105th birthday! Family, friends, fellow residents and staff threw her a birthday party at Alaris Health at HarborView where she resides.
Ms. Cobbs has lived at HarborView for the past few years as a long-term care resident. Even at age 105, Ms. Cobbs remains passionate about dancing, her weekly bingo games and attending church services.
Ms. Cobbs first moved to New Jersey from her home town of Bowman, South Carolina to work as a laundry care professional. She has four sons and one grandson. She says her key to aging well is to always take care of yourself.
JERSEY CITY, N.J. (March 2, 2015) – CBRE Group, Inc. announced today it has arranged the sale of a four-acre development site in Jersey City, NJ, for $19.5 million. The property is comprised of an assemblage of underutilized buildings, including a large warehouse distribution facility, several multifamily homes, Puccini’s Restaurant – a landmark establishment – and associated parking. The seven-lot assemblage is located at 1075 W. Side Ave, 1072 W. Side Ave, 1064 W. Side Ave, 54 Broadway and 153 Corbin.
Charles Berger and Robert L’Abbate of CBRE Capital Markets’ Investment Properties team in New Jersey, and Elli Klapper of CBRE Capital Markets’ Investment Properties team in New York represented the seller and procured the buyer in the transaction. The team worked alongside local Jersey City brokers Robert Antonicello and Robert Antonicello, Jr.
If you’re a falafel fan read on, because when it comes to a tasty falafel in a pita pocket no one beats Ibby’s Falafel in Jersey City where owner Adnan Kwara serves his own special recipe for the chickpea concoction that is dizzyingly delicious.
Adnan Kwara owner of Ibby’ s Falafel with his brother Firas
Syrian-born and New York City-raised, Kwara started making falafels back when he was a kid helping out in his uncle’s Greenwich Village eatery. He learned the business and when he grew up, Kwara opened his own falafel shop in the Heights section of Jersey City back in the mid-1990s. After a few months, Kwara moved his business to a storefront across from Jersey City Hall and in the 20 years since, Ibby’s Falafel has become a popular fixture in downtown Jersey City’s landscape. Continue reading Pita Perfect – Ibby’s Falafel, a Jersey City Gem on Grove Street→
Theater Company to Enrich Jersey City’s Cultural Life with Performances, Readings and Workshops
 By Sally Deering
Cast of IMPERFECT WOMEN OF THE BIBLE by Marsha Trice, performed by the Phoenix Ensemble of Jersey City
Sometimes friendships lead to creative collaborations and nobody knows that better than Marsha Trice, Artistic Director of the Phoenix Ensemble theater company in Jersey City. Trice and several company members met taking acting classes and doing plays in college and now they are collaborating as producers, actors, costumers – you name it – as the Phoenix Ensemble once again becomes a viable theater venue on Jersey City’s cultural landscape.
Oliver Pinkard and Marsha Trice of Phoenix Ensemble of Jersey City
Phoenix Ensemble began in the early 1990s and it has been on again-off again until recently, when the company regrouped with Trice as artistic director with co-founders Tony Wilkes, Oliver Pinkard, Michael Laval and Dave Robinson sharing the helm. Together with producer Michele Baldwin, the creative team supports Phoenix Ensemble’s mission to bring theater, workshops and classes to Jersey City residents, especially to kids and teens who need creative opportunities to express themselves.
JERSEY CITY, N.J. (February 18, 2015) – CBRE Group, Inc. announced that it has arranged the sale of 205-207 Union Street in Jersey City, N.J., for approximately $1.32 million. The 16-unit multifamily building has recently been fully renovated.
CBRE’s New York Tri-State Investment Properties team of Charles Berger and Mark Silverman, of New Jersey Investment Properties, and Elli Klapper, of New York Investment Properties, served as the exclusive agents for the seller and procured the buyer in the transaction. The new owner plans to hold the property as an investment as they expand their existing portfolio in New Jersey.
A lifestyle and entertainment publication serving the Jersey City, Hoboken, Bayonne, Weehawken, West New York, North Bergen, Cliffside Park, Edgewater, Secaucus and Guttenberg Waterfront Communities
JERSEY CITY, N.J. – CBRE Group, Inc. announced today that it has arranged the sale of 2866 John F. Kennedy Boulevard in Jersey City, N.J. for approximately $1.2 million. The three-story mixed-use building is fully occupied, with Subway residing in its ground floor retail space and occupied multifamily apartments comprising the second and third floors. The 4,200-square-foot property is located in the heart of Journal Square, one of the most active markets in the Tri-State area.Â
JERSEY CITY, N.J. (February 18, 2015) – CBRE Group, Inc. announced that it has arranged the sale of 205-207 Union Street in Jersey City, N.J., for approximately $1.32 million. The 16-unit multifamily building has recently been fully renovated.