JERSEY CITY, NJ—MargulesProperties has purchased five mixed use buildings inJersey City where the NYC based investment firm owns and managesmore than one million square feet of development rights in thecity's Journal Square neighborhood.
Margules Properties plans to upgrade the buildings and make themmore appealing to new retail and millennials looking for convenientand reasonably priced rentals near the PATH train. “We have a verypositive view of the future of Jersey City,” says MargulesProperties CEO Eric Margules. “We arelooking forward to being part of the revitalization of a dynamicarea.”
“We bought our first building in October 2010, so we've beenthere about five years,” Margules tells GlobeSt.comexclusively. “Manhattan prices were just so high, andBrooklyn was starting to take off. We just saw that thetransportation was really great there and there was every reason tothink that it was going to be a great place for people to go, andit's proven correct, of course.”
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
