2009 Feb 20th

Hoboken’s First “Green” Condo Rates Headline Treatment

Nice Story About Hoboken’s Garden Street Lofts Appears in the “Your Home” Section of Today’s NY Daily News

By Howard Turoff –

[email protected]

Often Lori has written here that the “gloom and doom” stories about the national real estate market do not necessarily reflect our situation in Hoboken.  Factors like Hoboken’s  proximity to NYC, limitations on sprawl that our mile-square boundries provide, and relative affordability of  Hoboken condo prices (as compared to Manhattan), have allowed the Hoboken condo market to weather the current storm better than much of the rest of the country.  The article in today’s NY Daily News showers praise on one Hoboken condo project in particular – the Garden Street Lofts.  Check it out: Taking the LEED in NJ.  For starters, Hoboken finally  got a luxury condo development that wasn’t designed by Dean Marchetto.  Pains were taken to restore the old coconut processing plant to it’s original state but units have top quality finishes.  The article mentions the builder’s plans for further development nearby, including “Hoboken’s first automated parking garage”.  Well, maybe they got that part wrong.  Even if you’re pessimistic about the market, high-profile articles about upscale Hoboken can only help elevate our image.  What do you think?  Does a story in the news about Hoboken (that doesn’t involve political corruption or the SWAT team) fill you with civic pride?  Do you like the looks of the building?

Posted by Lori Turoff | Currently 2 Comments »

2008 Apr 8th

Europeans Want to Know – What is the Hoboken Market Doing?

No One Dies Wishing They Spent More Time at the Office

It’s very important to take vacations. Getting away from my day to day immersion in the Hoboken condo market often lets me look at things from a different perspective and makes what often seem like huge problems, simply disappear. Hard work is fine as are monetary rewards and selling real estate in Hoboken can be a blast but having balance in your life and time to enjoy yourself are the real payoff for all the work. So last week my husband and I went to the beautiful Italian island of Sardinia for a week of sun and fun.

Sardinia, Italy

It Only Takes Ten Minutes

One night our Italian friend Simone took us to dinner at a chic new restaurant in the historic old center of Alghero. We exchanged pleasantries and ordered some wine. It took exactly 10 minutes before he turned to us and asked “so what is the Hoboken real estate market doing?” As a successful European businessman, he was interested in investment opportunities. He’d been reading about the Manhattan real estate market, a favorite with European investors, but prices were a bit higher than he wanted to spend. He thought Hoboken might be an attractive alternative. He believed that the collapse of the dollar made it an opportune time for him to buy a Hoboken condo. Since US interest rates keep falling, no improvement in the exchange rate is expected any time soon and he thought he could get a bargain.

The Moral of the Story

I had every intention of taking a break from even thinking about Hoboken real estate but sometimes you just can’t get away from work. There are people all over the world who have their eye on our little neighborhood. I guess we should be happy about that.

Posted by Lori Turoff | Currently 2 Comments »

Copyright © 2008 Hoboken Real Estate News     Login     Sitemap