Rare Grocery-Anchored Deal: Park Ridge Shopping Center Sells For $17M
A 71,650-square-foot grocery-anchored retail center in Bergen County has been sold for $17 million, according to Marcus & Millichap, the brokerage that assisted in the sale
Ridgemont Shopping Center attracted significant interest, with more than 20 offers from investors, highlighting its prime location and tenant mix, the firm said.
The property, anchored by Lidl, is home to 12 national and regional tenants, including Staples, Chase Bank, and Starbucks, at 169-199 Kinderkamack Road in Park Ridge.
Marcus & Millichap’s Alan Cafiero, David Cafiero, and John Moroz, along with…
Baltimore Orioles Owner David Rubenstein Awarded Presidential Medal Of Freedom
David Rubenstein, the billionaire owner of the Baltimore Orioles and renowned DC investor, is one of 18 individuals honored by President Joe Biden with the Presidential Medal of Freedom.
"The Presidential Medal of Freedom is the Nation’s highest civilian honor, presented to individuals who have made exemplary contributions to the prosperity, values, or security of the United States, world peace, or other significant societal, public or private endeavors," according to the White House.
Rubenstein, the co-founder and co-chairman of The Carlyle Group, purchased the Orioles last year for approx…
Father, Son Admit To Using Paulsboro Deli In $100M Stock Inflation Scheme: Feds
A quiet deli in Paulsboro became the unlikely focal point of a $100 million stock manipulation scheme led by a father and son, authorities said.
Peter Coker Sr., 82, of Chapel Hill, North Carolina, and his son, Peter Coker Jr., 56, pleaded guilty on Thursday, Dec. 19 to securities fraud and conspiracy to commit securities fraud, New Jersey's U.S. Attorney Philip Sellinger said in a news release. Coker Jr. is a former resident of Hong Kong.
Prosecutors said the plan started around 2014 when two New Jersey residents opened Your Hometown Deli on Mantua Avenue. The pair soug…
