Category: Finance

Finance A Town on the Edge
2008 July A Town on the Edge

Nestled on three and a half miles on the Hudson River at the foot of the Palisades, Edgewater borough is a small nugget of New Jersey’s Gold Coast. With a growing, young population looking for proximity to Manhattan, as well as a communi…

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Finance Stopping Sprawl, Growing Greener
2008 July Stopping Sprawl, Growing Greener

For many years—or at least until the energy crisis of the 1970s—urban and suburban planners didn’t seem to care much about conserving natural resources. Suburban towns were laid out in such a manner that you had to drive everywhere—even …

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Finance Money Makes the Board Go Round
2008 July Money Makes the Board Go Round

They don’t call it “the bottom line” for nothing. When all is said and done, pretty much everything in business (okay, pretty much everything, period) comes down to money. In most business situations, a company CEO or president has the f…

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Finance Who Makes the Cut in New Jersey's Co-ops?
2008 July Who Makes the Cut in New Jersey's Co-ops?

Imagine this scenario: you’re trying to purchase a co-op apartment, but also in the midst of a divorce. The board, concerned you may have to shoulder additional child support and alimony payments, fear that you might be unable to meet yo…

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Finance When, How, and Why
2008 July When, How, and Why

Boston, Massachusetts may seem worlds away from the serene Garden State, but the story of one embattled condo building there represents a dire cautionary tale for boards and managers everywhere. A couple of years ago, the residents …

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Finance Not in the Garden State
2008 July Not in the Garden State

New York co-op boards are notorious for scrutinizing prospective buyers with the intensity of federal investigators. The application and interview process can be lengthy and exhausting for someone looking to move into a cooperative. As s…

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Finance Collecting 'Arrears' its Ugly Head
2007 July Collecting 'Arrears' its Ugly Head

Monthly charges, including common charges, emergency repairs, special assessments, maintenance fees, dues and so forth, are a big part of owning a condominium in New Jersey. When an owner is late, or misses monthly payments entirely…

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