Don Gelestino

New Jersey's Evolving Building Trends in 2024 by NJBA Master Sponsor Residential Warranty Company, LLC   The building sector in New Jersey is undergoing a dramatic transition in 2024, one that is focused more on innovation, sustainability, and community-centered development. Statewide, developers and architects are adopting a number of ideas that are changing both the built environment and how people live and work.  The use of green building techniques has made sustainability a prominent theme in architectural design. Buildings are being constructed with the least amount of negative environmental impact and maximum energy efficiency in mind. This covers passive design principles and the use of environmentally friendly materials.   Smart building technologies are at the forefront of innovation and have fundamentally altered the way buildings work. By optimizing energy consumption, enhancing security, and improving occupant comfort, IoT devices and advanced automation systems are helping to create more responsive, efficient, and user-friendly buildings.   Mixed-use developments—which combine residential, commercial, and recreational spaces—are growing in popularity, especially in urban areas. With the help of these projects, communities will be able to live, work, and play close to one another, promoting convenience and a sense of community.   The growth of adaptive reuse projects, which entail converting pre-existing buildings—such as warehouses and factories—into new spaces like lofts, offices, or cultural centers, is another noteworthy development. By preserving the architectural history of the past and meeting modern needs, these initiatives help to preserve the uniqueness and individuality of the local community.   All things considered, these architectural innovations demonstrate a dedication to creativity, environmental responsibility, and neighborhood involvement, influencing New Jersey's construction scene going forward. https://lnkd.in/e_w3G3Fw

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After interest rates soared in recent years in a bid to tame inflation, they’ve yet to drop in 2024. The result has been paused projects, builders pulling out of plans and overall uncertainty for developments. To read the full article, head to:  https://lnkd.in/gw2mUzYt For more Mid-Atlantic commercial real estate news, follow us on LinkedIn. To learn more about Philadelphia Real Estate Council visit https://precouncil.org/  #realestatenews #PREC #realestate #philadelphiarealestate #CommercialRealEstate #CRE #RealEstateInvesting #IndustrialProperty #PropertyManagement #InvestmentProperty #CommercialProperty #AssetManagement #CommercialBrokerage #PropertyInvestment #PropertyPortfolio #CREIndustry #PropertyValues #CommercialRealtor #RealEstateMarket

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MassDevelopment has issued a $21,816,800 tax-exempt bond on behalf of CCC River LLC, an affiliate of B'nai B'rith Housing, which will use proceeds to build a mixed-use building in Boston’s Hyde Park neighborhood that will feature 63 units of affordable senior rental housing and ground-floor retail. The new building will replace an existing underutilized commercial space containing an auto repair shop, and will be certified to LEED and Passive House standards as well as solar-ready. The 63 one-bedroom units will be rented to households earning up to 30%, 50%, and 60% of the area median income ($31,170, $51,950, and $62,340, respectively, for a one-person household). The building will include common areas and amenities for residents, including a community room, fitness center, library, central courtyard, and on-site parking. B’nai B’rith Housing will provide on-site resident service coordination to help tenants successfully age in place and benefit from social, wellness, and health programing in the building. B’nai B’rith Housing created a for-profit affiliate, CCC River LLC, for the purposes of facilitating this tax-exempt financing. Eastern Bank purchased the bond, which helped CCC River LLC achieve a lower cost of capital. bit.ly/3V9ZToe Executive Office of Housing and Livable Communities

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The Bourse and 400 Market St. are the latest Philadelphia office buildings sold at a steep discount. To read the full article, head to:  https://lnkd.in/drxvJJ4D For more Mid-Atlantic commercial real estate news, follow us on LinkedIn. To learn more about Philadelphia Real Estate Council visit https://precouncil.org/  #realestatenews  #PREC  #realestate  #philadelphiarealestate  #CommercialRealEstate  #CRE  #RealEstateInvesting  #IndustrialProperty  #PropertyManagement  #InvestmentProperty  #CommercialProperty  #AssetManagement  #CommercialBrokerage  #PropertyInvestment  #PropertyPortfolio  #CREIndustry  #PropertyValues  #CommercialRealtor  #RealEstateMarket

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Congrats Team O! Frederick James Onorato, JD Geraldine Onorato . . . . . #sold #home #realestate #suttonplace #modernhome #luxurylifestyle #luxuryhomes #nyc #newyorkcity #nycrealestate #agent #realestateagent #realestatebroker #propertyinvestment #realestateinvesting

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Bussel Realty Corp Marks Its 40th Anniversary This Month     EDISON, NEW JERSEY (April 18, 2024) – Bussel Realty Corp. (BRC), a leading industrial/retail real estate services firm in New Jersey, proudly marks its 40th anniversary this month. Founded in April 1984 by Steve Bussel, the company has grown from a modest two-person real estate services boutique into the state's largest independent industrial real estate services firm, boasting over 20 brokers today. BRC remains committed to providing dedicated industrial brokerage services based on Steve’s unwavering business principles of fairness, customer-first mentality, and team collaboration as a firm.   “Herb Zimmerman and I started this firm calling on industrial tenants and owners when the New Jersey industrial real estate market was just beginning to accelerate in size and prominence,” noted Bussel. “Today, the company has many new young faces and a fresh approach to marketing, sales and leasing, but we still support customers based on the same three principles ─ of bringing expert knowledge, dedication and integrity to every transaction ─ that I integrated from the company’s debut. It is why we have become New Jersey’s largest independent industrial brokerage services firm, committed to industrial real estate from our founding. Recently, we established a retail division headed by Connor and Chandler Vanderbeek, who are seeking energetic, opportunistic retail brokers to expand this platform.”   “Although BRC has a large brokerage staff, marketing and research department to service clients, Steve, Dave, and I continue to manage the firm’s operations with the same entrepreneurial spirit that he instilled from the company’s beginning,” said Executive Vice President & Partner Gregory Irving. “Our combination of nimble decision-making and deep breadth of services is our competitive advantage in this highly competitive marketplace.” Irving joined the company in 1989, and has been a managing partner with Steve since 1994. Joining in 1989, Senior Vice President & Partner David Blitt also has been important to BRC’s culture of collaboration and in assisting Steve and Gregory with overall operations.   Steve Bussel created a proprietary BRC Industrial Real Estate Database soon after starting the company, which is still maintained today, and used in conjunction with other property listing resources to ensure clients have comprehensive data on impending properties coming on or off the market and the latest lease rates and sales prices. “The BRC database came about as part of our research for clients shortly after the company opened, and was so credible that it attracted the attention of a publicly traded, NYSE third-party listing service who wanted to replicate it,” noted Bussel. “Today, we continue to maintain the BRC database which of course has been enhanced to also feature more relevant data points important to clients today.”    #industrialspace #warehousespace  #newjerseywarehouse #northernNJ

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🏠 Stay Ahead in Real Estate Investing! 📈 Are you keeping up with the latest in investment real estate? From New Tax Sale Lien laws to maximizing your profit and everything in between, staying informed is key! Join MREIA, NJ's oldest Real Estate Investor Association, and gain insights into: ✅ Tenant application guidelines ✅ Leasing rules ✅ Lead Paint inspection laws ✅ Mortgage products overview ✅ House inspections ✅ Negotiation strategies with tenants and sellers Take your real estate career to new heights with MREIA. Visit www.mreia.com to learn more and start achieving your financial goals today! #RealEstateInvesting #FinancialFreedom #MREIA #InvestWisely

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Check out this week’s industry blog post which discusses the ‘All-Electric Buildings’ law, which will be part of the 2025 NY building code update! Tap on the link to continue reading! https://lnkd.in/eMq2KAQW

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Will you be at NAA Apartmentalize in Philadelphia this June? If so let's connect to talk about the following topics: 1) Ending the pain of key management - lost keys, lock outs, security risk. 2) Reducing expenses from HVAC waste and costly repairs. 3) Implementing Self Guided Tours. 4) Improving Resident Safety with better Access Control and Video Surveillance. 5) Stopping property damage from Water Leaks. 6) Enhancing Resident Experience through Technology. 7) Dropping your tangled mess of point solution apps in favor of a true Smart Property Technology Platform that can do it all. 8) The tech vendor that you have and is unfortunately not meeting your needs. Drop me a DM so I can reserve a calendar slot for you during the event. #apartmentalize2024 #naa #smartpropertytech

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A CALL OUT TO ALL NJ DEVELOPMENT SITE AND BUILDING OWNERS! The Fourth Round Mt. Laurel legislation kicks in July 1st. KIMMERLE GROUP (KG) CAN LEAD THIS PROCESS FOR YOU! Kimmerle Group possesses a deep understanding of New Jersey's real estate industry and the multitude of complexities outlined in the Mt. Laurel Doctrine. Our proven track record demonstrates our ability to guide clients through every stage of the repositioning process: Navigating Regulations: We untangle the intricacies of Mt. Laurel compliance, ensuring your project aligns with all mandates. Securing Entitlements: Our expertise in land use approvals streamlines the path to crucial permits and approvals, including navigating complex environmental regulations and other site development constraints. Strategic Development: From site analysis and redevelopment designation to density calculations and project plans, we ensure your property is optimized for success. Be aware that increased densities, well above in place zoning allowances required skills and has a track record of success in Mt. Laurel-related repositioning.

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“Multifamily developers recognize that smart #multifamily construction is attractive to multiple potential renters or buyers…As impactful as these spaces can be, they still must be financially viable to construct,” Michael Scott writes in the Boston Business Journal. In this op-ed, Mike discusses how any community that wants to contribute to the long-term economic competitiveness of #Massachusetts must consider creative strategies to drive down project cost, lower risk, and support financially viable projects. Read more: https://lnkd.in/ebKbMNbq #realestate #MArealestate #multifamilyrealestate

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Balancing all variables within your cooling tower system will help with the overall health of the water! #legionella #coolingtowers #nyc #legionellacompliance #nj #nycbusiness #nycstrong

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