March 15, 2017

1. Closter, NJ looks to ban short term rentals  

  • The Borough Council introduced an ordinances on 3/8/2017 that would ban short term rent under 30 Days → will vote on 3/22 ( A violation penalty is $1,250)
  • Currently, Airbnb has 11 listings in the town on their website
  • If the ordinances passed, neighbors can watch each other and report to the borough
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March 8, 2017

1. Former 'Syms' site will be used for Used Card dealer 'CarMax'

  • Route 17 North bound in Paramus: 65,000 SF SYMS closed in 2012
  • One of largest and longest-standing retail vacancies in Paramus
  • Founded 1958, profitable till 2000→facing new competition: T.J. Maxx
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