This week’s Interest Rate (50th Week) 30 Y Rate: 3.750%/ 15 Year Rate:3.125%/ 10 Y Treasury: 1.831%/ Prime Rate:4.75% Ref IR: 1.50- 1.75% Leonia school uses dehydrator to cut food waste (The Record 12/11) Anna C Scott Elementary School will reduce food waste volume and weight by 80 to 90 percent by using a food dehydrator. The Leonia Green Team, a group of parents and school...
by stephenlee This week’s Interest Rate (47th Week) 30 Y Rate: 3.620%/ 15 Year Rate:3.125%/ 10 Y Treasury: 1.745%/ Prime Rate:4.75% Ref IR: 1.50- 1.75% The highest home priced Zip code area is 94027 (Atherton, CA) in US (The Korea Time 11/30) According to the Property Shark, the highest home priced zip code area is Atherton in Sam Mateo county, CA, where the median price is $7,050,000. They...
by stephenlee This week’s Interest Rate (47th Week) 30 Y Rate: 3.620%/ 15 Year Rate:3.125%/ 10 Y Treasury: 1.745%/ Prime Rate:4.75% Ref IR: 1.50- 1.75% Toys R Us is back in Northern New Jersey (The Record 11/27) The beloved brand is opening first new US retail store since liquidation in Garden State Plaza on Wednesday(11/27), right before Thanksgiving Day. The new store, a highly experiential...
by stephenlee This week’s Interest Rate (45th Week) 30 Y Rate: 3.750%/ 15 Year Rate:3.150%/ 10 Y Treasury: 1.786%/ Prime Rate:4.75% Ref IR: 1.50- 1.75% SamSung has opted to keep its North American HQ in Ridgefield Park (The Costar 11/18) SamSung signed up with Landlord KABR Group for currently occupied 235,000 sf at 85 Challenger Rd, Ridgefield Park. When SamSung moved in this building in 2010,...
by stephenlee This week’s Interest Rate (45th week) 30 Y Rate: 3.750%/ 15 Year Rate:3.250%/ 10 Y Treasury: 1.917%/ Prime Rate:4.75% Ref IR: 1.50- 1.75% Major redevelopment plan for school district was rejected in Palisades Park, NJ (The Korea Times 11/7) On 11/5/2019 residents vote revealed that residents in Palisades park do not want major redevelopment plan for school district. (311 For and 819...
by stephenlee This week’s Interest Rate (44th Week) 30 Y Rate: 3.750%/ 15 Year Rate: 3.25%/ 10 Y Treasury: 1.864%/ Prime Rate: 4.75% Ref IR: 1.50- 1.75% Edison, NJ introduced the program to convert own house to public rental house ( The Korea Times 11/4) Through M2A (Market to Affordable Rental Program), individually owned house can be a public rental house for 30 years. In return, home owner...
by stephenlee This week’s Interest Rate (43rd Week) 30 Y Rate: 3.750%/ 15 Year Rate:3.375%/ 10 Y Treasury: 1.833%/ Prime Rate:5.00% Ref IR: 1.75- 2.00% “Edge” observation deck in Hudson Yard will open 3/11/2020 ( The Korea Times 10/29) The height is 1131 ft and located at 100th floor of the building and it’s protruding feature out of the building is unique. The bottom of the deck is sold...
by stephenlee This week’s Interest Rate (42nd Week) 30 Y Rate: 3.750%/ 15 Year Rate:3.375%/ 10 Y Treasury: 1.743%/ Prime Rate:5.00% Ref IR: 1.75- 2.00% In Edgewater, NJ, apartment construction is under debate in town (The Korea Daily 10/22) The developer, Daibes Enterprises is planning a 15 story apartment complex where there is the existing 2 story office building at 1000 Portside Dr. he new...
by stephenlee This week’s Interest Rate (41st week) 30 Y Rate: 3.750%/ 15 Year Rate: 3.375%/ 10 Y Treasury: 1.727%/ Prime Rate: 5.00% Ref IR: 1.75- 2.00% Contaminated Earth (1000 C.Y.) in Edgewater will be removed from this week (The Korea Daily 10/16) It will take 5 days to remove 1000 cubic yard contaminated earth and debris at the Quanta project area at 115 River Rd, Edgewater. Every day...
by stephenlee This week’s Interest Rate (40th Week) 30 Y Rate: 3.625%/ 15 Year Rate:3.125%/ 10 Y Treasury: 1.551%/ Prime Rate:5.00% Ref IR: 1.75- 2.00% New Jersey 300 school districts might be re-structured (The Korea Times 10/9) The Governor Murphy announced that $10 M budget will be used to lead the New Efficiency Achievement Program (LEAP). A part of this budget, $2 M might be dedicated to...
by stephenlee