2A — March 28 - April 10, 2014 — M ID A TLANTIC
Real Estate Journal
www.marejournal.com
ABSOLUTE REAL ESTATE AUCTION Thursday, April 17th at 1:00 PM 3 Adjoining Front Street Properties Selling at auction 3 adjoining Harrisburg riverfront mansions, located in the Academy Manor area on Front St. between Division and Manor Streets. This is perhaps the best residential or office development site in the area…with great river views and a com- bined footprint of approximately 1.97 acres. 2901, 2909 & 2917 North Front Street, Harrisburg, PA 17110
Mid Atlantic R EAL E STATE J OURNAL Publisher............................................................................................................ Linda Christman Publisher.................................................................................................................Joe Christman Publisher/Senior Account Executive ...........................................................Elaine Fanning Section Publisher.....................................................................................................Steve Kelley Senior Editor/Graphic Artist .............................................................................Karen Vachon Production Assistant ...................................................................................................Julie King Office Manager................................................................................................... Joanne Gavaza Mid Atlantic R EAL E STATE J OURNAL ~ Published Semi-Monthly Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, 312 Market St. Rockand, MA 02370 USPS #22-358 | Vol. 26 Issue 6 Subscription rates: $99 - one year, $198 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Toll-Free: (800) 584-1062 | MA: (781) 871-5298 | Fax: (781) 871-5299 www.marejournal.com
M ID A TLANTIC Real Estate Journal
Allen Meccia, Jr. First Bergen Title Agency Insures $1.5 Billion+ of Real Estate Transactions
PREVIEW by appointment, please call to see property!
General Terms: The sale of all real estate shall be in As-Is condition without warranty or representation as to the use or condition of the property. Properties will be offered individually or in any combination, selling ultimately to the highest bidder(s) as individual properties or as combined. A deposit of 10% of the high bid(s) will be due at auction by cash or PA check; out of state checks accepted with bank letter of guarantee (unless approved in advance by auctioneer). Balance at settlement which must be between June 16 – June 20, 2014. Broker Participation offered. Property Information Packet on website or call. Announcements at auction take prece- dence over all printed advertising and materials.
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ACKENSACK, NJ — First Bergen Ti- tle Agency (First
Bergen) , a full-service agency, insured a total of more than $1.5 billion of real estate fi- nancing and purchase trans- actions in NJ in the past year, announced Allen Meccia, Jr. , one of the firm’s managing members. The residential real estate sector’s rebound was also re- flected in the total, accounting for $1 billion of the transac- tions insured by First Bergen. “The year-long trend was that residential properties were in great demand, and those that did become available drew con- siderable interest from inves- tors,” said Meccia. “We expect that trend to continue in 2014.” Among the residential trans- actions insured by First Bergen – all rental apartment proper- ties – were financings of $95 million in Hudson County; $15.45 million in Bergen Coun- ty; a $15.06 million purchase financed by Fannie Mae and the New Jersey Housing and
The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
All-Rite Construction ......... 9A AMC.................................. 12B American Architectrual ..... 1B Arcus Design Group......... 31C Arrow Steel....................... 15B Artois Retail ..................... 11A Benchmarq ....................... 36C Bennett Williams ............... 8A Berger Organization ........ 21C Berkadia .......................... IC-A Binswanger......................... 3C Blau Berg.......................... 11C Boyle ................................. 36C Brasler .............................. 35C Bussel Realty.................... 11C Capitol Aerials ................. 20B Caryl Commercial ............ 35C CMC.................................. 23C Corfac............................... IC-A Create ............................... 20C Cushman & Wakefield..... 17C Cushman & Wakefield....... 7C DMR.................................. 31C Earth Engineering .....10A, 4B Ehrlich Petriello................. 9B Elliot Lewis....................... 21B Entech Digital Controls ... 10B Fowler ............................... 18B Gilbeaux............................ 20B Green Corp. ...................... 22C Haftek ................................. 2B Harvey Hanna.................. 33C HFF................................... 22C Hutchinson ....................... 21B IREM ............................ IBC-B Jennings Auction ............... 2A Jewel Electric ..................... 8B Jottan..............................BC-B Kaplin | Stewart.............. 13A Katz................................... 13C Keystruct .......................... 37C MAREJ A DVERTISERS D IRECTORY Landcore ............................. 6A Landmark......................... 12B Lee & Associates ................ 9C LEW Corp. ........................ 20B M&E Engineer ................. 28C M. Miller & Son.................. 6B Marcus & Millichap .......BC-B Meridian Capital............. IC-C Metro Commercial ............. 4C NAI CIR.............................. 4A NAI Emory Hill .................. 6C NAI Hanson........... 11A, BC-C NAI Summit ....................... 4C Nave Newell ....................... 7A NorthMarq.......................... 1C P. Cooper Roofing ............. 13B PA Dept. ....................... IBC-A PCS ............................... IBC-C POA..................................... 5B Poskanzer Skott Architects 4B Precise............................... 29C Progress ............................ 17B PWC .................................... 2B Rational Contrators ........... 3B RD Management ......... 14-15A Retail Brokerage Directory17A Retail Business Cards...... 16A Rifken & Rosen ................ 16B RRA..................................... 2A RRA................................... 39C SBS ..................................... 7B Singer Financial................. 3A SUBWAY ............................ 6A SVN Motley ........................ 4A The Azarian Group .......... 12A The Kislak Company ....... 24C TPD..................................... 7A Tug ...................................... 3B Warfel ............................... 31C WCRE ................................. 3A Wilkin Gutteplan ............ IC-B
Mortgage Financing Agency in Passaic County; $8 million in Monmouth County; and $7.65 million purchase and financ- ing in Bergen County; among others. The firm also insured more than $550 million of commer- cial transactions – mixed-use, industrial, warehouse/indus- trial and office. “Mixed-use properties also saw continued improvement in demand in 2013,” said Meccia. Major transactions included a $22.5 million financing in Hudson County; a $20 million financ- ing in Bergen County; a $18.35 million construction mortgage
in Bergen County; and $11 million financing, also Bergen County. Other significant transac- tions during 2013 consisted of a $32 million policy by First Bergen, encompassing a single transaction in Bergen County. Warehouse/industrial included $27.75 million for a portfolio in Bergen andMiddlesex counties. “We see increasing momen- tum as the real estate industry continues to rebound from the recession and its after-effects, with the first quarter of 2014 starting off stronger than it has in several years,” said Meccia.
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