This week’s Interest Rate 30 Y Rate: 3.750%/ 15 Year Rate:3.250%/ 10 Y Treasury: 2.065%/ Prime Rate:5.5% Lotte Market will be open in Edison on 7/26/2019. (The Korea Daily 7/22) 50,000 sf Supermarket, “Lotte Plaza Market” (Chairman: SeungGil Lee, President: SangMin Lee) will be in Edison, NJ, opening on 7/26/2019. The store is aiming at high-end store with...
by stephenlee This week’s Interest Rate 30 Y Rate: 3.875%/ 15 Year Rate:3.375%/ 10 Y Treasury: 2.106%/ Prime Rate:5.5% Gap in Ridgewood, NJ will close down on 7/27/2019 (The Record 7/17) Gap on East Ridgewood Ave will sale for all items by 50-70% and even fixtures by 50%. The company announced the plan of splitting up Old Navy from the remaining brands -Gap, Athleta, Banana Republic,...
by stephenlee This week’s Interest Rate 30 Y Rate: 3.750%/ 15 Year Rate:3.250%/ 10 Y Treasury: 2.061%/ Prime Rate:5.5% Town hall meeting with mayor in Palisades Park held on 7/9 for Korean commerce (The Korea Times 7/10) At 10:00am, about 20 Korean had participated and debated openly and fervently. The town is well known as K-Town, but some say recently it is facing downwards...
by stephenlee This week’s Interest Rate 30 Y Rate: 3.750%/ 15 Year Rate:3.250%/ 10 Y Treasury: 1.976%/ Prime Rate:5.5% 800 ft office space above Macy’s building in Manhattan will be constructed (The Korea Daily 7/3) Macy’s building in Harold Square is 10 story building currently and they have a plan to build up 800 ft office space on top of the building, according to NYT. Macy’s...
by stephenlee This week’s Interest Rate 30 Y Rate: 3.750%/ 15 Year Rate:3.250%/ 10 Y Treasury: 1.988%/ Prime Rate:5.5% ADM(American Dream Meadowland) will bring Coke as a partner (The Record 6/26) American Dream and Coke announced partnership: ten year deal includes an 800-person dinning center, social media storefront, green rooms, and more events to the Meadowlands. The 3 million sf...
by stephenlee This week’s Interest Rate 30 Y Rate: 3.875%/ 15 Year Rate:3.375%/ 10 Y Treasury: 2.058%/ Prime Rate:5.5% A house in Ridgefield burn down completely due to explosion by gas (The Korea Times 6/18) A House at 360 Abbot Ave. Ridgefield was burn down at around 11:30am on 6/17/2019. Gas leaking ignited fire and explosion and resulted in complete burn down the house including...
by stephenlee This week’s Interest Rate 30 Y Rate: 3.875%/ 15 Year Rate:3.375%/ 10 Y Treasury: 2.145%/ Prime Rate:5.5% Constructing super high-rise buildings in Manhattan, NY is booming (The Korea Daily 6/7) According to New York Times, 16 super high-rise buildings over 1000 ft (304 m) are under construction or planning in Manhattan currently. It is super fast rate while only 7 buildings...
by stephenlee This week’s Interest Rate 30 Y Rate: 3.875%/ 15 Year Rate:3.375%/ 10 Y Treasury: 2.128%/ Prime Rate:5.5% Two Bergen County Real Estate Brokers admitted their roles in short sale scheme (Dailyvoice.com 5/31, The Korea Times 6.1) Steve Young Kang (64, Ridgefield) and Young Jin Son (49, Norwood) told a federal judge in Newark on 5/30/2019 that they recruited others to participate...
by stephenlee This week’s Interest Rate 30 Y Rate: 4.000%/ 15 Year Rate:3.625%/ 10 Y Treasury: 2.462%/ Prime Rate:5.5% Structure built to contain Naphthalene fumes from Edgewater Superfund site (Grid Bits 5/4) Workers erect a large, temporary tent-like structure on hopes of containing naphthalene fumes when work resumes at the Quanta Superfund site in Edgewater, NJ. The first four-story...
by stephenlee This week’s Interest Rate 30 Y Rate: 4.125%/ 15 Year Rate:3.750%/ 10 Y Treasury: 2.533%/ Prime Rate:5.5% Westfield Garden State Plaza mall becomes downtown of Paramus, NJ (The Record 5/1) The owners of the mall will a brand-new downtown, equipped with luxury, mixed-use residential development where mall-lovers can live a stone’s throw from their favorite stores. The project...
by stephenlee