Seeking new opportunities in tri-state area and beyond.Kushner Companies, one of New Jersey's leading private real estate companies, is continuing an aggressive acquisition and development plan that will not only heighten its status among the largest residential owners and developers in the state, but also establish the firm as one of the most active purchasers of commercial and residential property in the tri-state region For other tri-state regions, see . The Tri-State Region is commonly used in the area surrounding New York City to unambiguously refer to the greater metropolitan area. Sometimes the phrase is shortened to "the Tri-State," or "the Tri-State Area" is used instead. today. More than 45 years of development experience, a track record of successful acquisitions and strong, long-term banking relationships have helped the Florham Park, NJ-based company implement its ambitious plan, which includes rapid expansion into new residential markets and several acquisitions in the tri-state area There are a number of places in the United States known as tri-state areas where three states or holdings meet at one point (a tripoint), or in proximity to each other. The two most well-known are for the New York and Chicago metropolitan areas. . "Decades of experience and a long-term, often conservative approach to our ventures have enabled our firm to weather fluctuations in the markets, and recognize emerging opportunities," said Richard Stadtmauer, a managing director at Kushner Companies. "In fact, we have been extremely careful over the past few years to prepare. ourselves for a market swing and, fortunately, that strategy is now working to our advantage." Kushner Companies is also bolstered by its financial security. Last year alone, in addition to its own equity investments, the firm secured over $300 million in financing for new acquisitions. Most of the financing took the form of 20- to 30-year self-liquidating mortgages with fixed interest rates for the life of the loans. In New Jersey, several residential projects are currently being developed by Kushner's new construction division, Westminster Communities, including Westwood, Randolph, West Orange, West End, Brick, Delaware Township Delaware Township could refer to:
prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Nicholas Minoia, president of Westminster Communities, "The company expects to deliver more than 500 homes this year alone, and the pipeline for next year and beyond is even greater." Other area projects include expansions at its master-planned Beaver Brook Beaver Brook may refer to:
Beyond these area endeavors, the company has several thousand homes in the development pipeline, which are slated for completion over the next few years. According to Jeffrey Freireich, a managing director of Kushner Companies, "Westminster Communities has some 40 projects in various stages of the development approval process. These projects range from large General Development Plans consisting of several hundred homes, to single-family luxury home projects to urban redevelopment projects, where it will be building and rehabilitating major urban areas in cooperation with various city administrations. Meanwhile, it is extending its reach still further with affiliations with other builders, including the Vizzoni Group; and the ARC Group The ARC group formed in the early 1980s. Some members of the group met at the Slade School of Art while others were studying architecture. All were interested in making site-specific installation works mostly with recycled material, partially influenced by the DIY culture of groups , with which Westminster Communities will build an adult community in Brick Township. In its first luxury home-for-sale endeavor in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Westminster Communities is constructing Centennial Ridge in Carmel (Putnam County Putnam County is the name of 9 counties in the United States of America, many of which are named for Israel Putnam, who was a hero in the French and Indian War and a general in the American Revolutionary War:
England and has established an affiliate office in Connecticut. Its new development plans expand the company's existing multi-family portfolio of more than 10,000 apartment units, ranging from urban high-rises such as Elizabeth's Westminster Towers, Jersey City's Montgomery Towers and Edgewater's River Club on the Hudson River Hudson River River, New York, U.S. Originating in the Adirondack Mountains and flowing for about 315 mi (507 km) to New York City, it was named for Henry Hudson, who explored it in 1609. Dutch settlement of the Hudson valley began in 1629. waterfront, to classic garden apartment complexes including Elmwood Village in Elmwood; West End's Edgewater Gardens, Glen Ellen Glen Ellen is the name of several places in the United States of America:
pct, per centum, percent, percentage - a proportion in relation to a whole (which is usually the amount per hundred) in these communities is 98 percent. Florida properties include Windsor Gardens, Sandy Park and The Waterclub in Daytona Beach, where Kushner also maintains a Florida office. In addition to what the company owns and manages, there are several new rental construction projects in progress that include Woodview in Mariton and The Curling Club in Hoboken. Kushner Companies is one of the few privately-held companies in the state which continues to build rental apartments. In New Jersey and beyond, Kushner Companies is actively expanding its commercial portfolio as well, which now includes several million feet of commercial and industrial space. In New York, Kushner's commercial and residential holdings include the 500,000 squarefoot Bruckner Shopping Plaza in The Bronx; condominiums at 715 Park Avenue; the world-renowned Puck Building in the Flatiron District; and the firm's New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. headquarters at the landmark townhouse town·house or town house n. 1. A residence in a city. 2. A row house, especially a fashionable one. on Madison Avenue and 64th Street. Kushner Companies has just purchased several luxury residential properties in Manhattan, including the entire blockfront of buildings between 68th and 69th streets on Columbus Avenue. Kushner Companies' recent growth has included expansion into affiliated businesses such as banking, insurance and real estate brokerage. Buoyed by the combination of success and underlying financial vitality, Kushner Companies is all but certain to continue at its brisk clip, aggressively seeking new acquisition and development opportunities in New York City, the Northeast and beyond. |
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