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The Most Expensive Home For Sale In Each NJ County

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The most expensive home in each of New Jersey's 21 counties can vary greatly. From a $ 40 million Bergen County estate to a $1. 3 million property in Salem County, the height of luxury takes on different meaning throughout New Jersey. Here's a look at the most expensive properties in each of New Jersey's 21 counties: Atlantic County Address: 32 W Ocean Drive, Brigantine Listing Price: $7.5 million This Brigantine beachfront mansion is at an awe- inspiring seaside setting with spectacular views of the ocean and Atlantic City. The six-bedroom, seven-bathroom home has amenities like Baccarat crystal lighting fixtures , Crestron smart home system , marble floors and cherrywood and tigerwood throughout. It has been a little difficult to sell. The $7. 5 million property has been listed on Realtor.com for 805 days. Bergen County Address: 18 Frick Drive , Alpine Listing Price: $39.9 million This 42-room estate is the most expensive property listed in New Jersey . It feature...

One-time first lady of state politics Kathryn Greiner buys $4m Paddington penthouse

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Kathryn Greiner , the former City of Sydney councillor and Gonski Review panellist , has downsized to a $ 4 million penthouse in the Paddington Green complex . Greiner, AO is the one-time first lady of state politics when her former husband Nick Greiner was NSW premier from 1988 to 1992. However, the couple’s split in 2013 prompted them to sell their Centennial Park mansion for $6.25 million the following year. Kathryn Greiner 's new spread in Paddington." /> Kathryn Greiner ’s new spread in Paddington. Photo: Supplied Greiner has been rumoured to be house hunting a decent downsizer in the years since. Her new digs is a whole-floor spread with three bedrooms and 213 square metres of wraparound terrace.  It was owned by LHC Capital co- founder Marcus Hughes , who bought it three years ago for $2.9 million. Nick Greiner, meanwhile, has moved to Point Piper where he and his partner Carolyn Fletcher bought an apartment for $5.5 million in 2014. Kathryn Greiner at 21/4 Y...

Apartment firms' punitive damages slashed for tenant's injuries

A federal appeals court has drastically reduced the punitive damages jury award to a woman who suffered severe injuries from carbon monoxide poisoning in her apartment, in a closely watched case . Amber Nicole Lompe , a then 20-year-old college student, was exposed to high levels of carbon monoxide from a malfunctioning furnace in her apartment at the Sunridge Apartments in Casper, Wyoming, in February 2011, according to Friday's ruling by the 10th U.S. Circuit Court of Appeals in Denver in Amber Nicole Lompe v. Sunridge Partners L.L.C.; Apartment Management Consultants L.L.C. Ms. Lompe was evacuated from her apartment unit and taken to the hospital after a gas company employee detected high levels of carbon monoxide emanating from her apartment. She was treated for acute carbon monoxide poisoning , and as result of the incident has suffered from various neurological conditions including cognitive deficits , chronic headache, sleep disturbance and emotional disorders. She ...

Owners of Ann Arbor's Hidden Valley Club apartments seek to avoid foreclosure on $18 million CMBS debt

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Lon Horwedel | AnnArbor.com Ann Arbor’s Hidden Valley Club apartment complex is a local example of a $ 70 billion national real estate problem : Securitized commercial loans that are in default. A foreclosure notice on the 324-unit complex near Briarwood was filed in late April, despite months of ongoing conversations initiated by the owner to modify the loan. The loan itself - which totals $18.1 million - is complicated, since it’s one among billions in real estate investments that were repackaged and sold to Wall Street investors during years of peak real estate prices . So are the circumstances behind the loan default, said Hidden Valley Club co- owner Jeff Starman . The most obvious is the drop in the property’s value as rental rates fell below levels to cover loan payments . Other factors include a national real estate climate in which banking consolidations after the lending crisis and the sheer volume of properties in securitized loans - known as Commercial Mortgage B...

Carbon Monoxide Brain Injury Lawsuit Verdict of $25.5M Reduced on Appeal

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A federal appeals court has significantly reduced a punitive damages award returned in a lawsuit filed against an apartment complex by a woman who suffered severe brain damage from carbon monoxide poisoning . The case involved injuries suffered by Amber Lompe at her home in the Sunridge Apartments in February 2011, when a gas leak from a furnace at the apartment complex caused her to suffer a severe brain injury from exposure to carbon monoxide . As a result of the leak, carbon monoxide levels in Lompe’s apartment reached 500 parts per million, which is more than ten times higher than what is considered a safe exposure. Ten days after the incident, the complex provided her with a carbon monoxide detector and destroyed the furnace, which she argued at trial was an effort to destroy evidence in the case. At trial before a federal jury in Wyoming, Lompe was awarded $2.65 million in compensatory damages, as well as an additional $25.5 million in punitive damages against Sunridge...

Dougherty Mortgage Closes $5.3 Million Fannie Mae Loan for Meadow Creek Apartments

GARLAND, TX - Dougherty Mortgage LLC , a full service national mortgage banking firm , recently closed a $5. 3 million Fannie Mae loan for the acquisition of Meadow Creek Apartments , a 128- unit market rate multifamily apartment property located in Garland, Texas.The 12-year term, 30- year amortization loan was arranged for MPG Texas 2, LLC through a partnership with Old Capital Lending and Dougherty’s Minneapolis, Minnesota office.  Property features include a community room, pool, barbecue area and on-site laundry. Dougherty Mortgage LLC is a full service mortgage banking firm , an approved FHA MAP and LEAN lender, as well as a Fannie Mae Delegated Underwriting and Servicing (DUS®) lender, offering a variety of loan products for the acquisition, refinance, construction or rehabilitation of various property types.  In addition, Dougherty Mortgage LLC provides loan servicing on their mortgages and is an approved Ginnie Mae seller/servicer, curr...

Panel endorses revised Goll Mansion apartment tower proposal

A 27- story apartment tower planned behind the Goll Mansion on Milwaukee’s East Side received the endorsement of the city’s Plan Commission Monday , despite neighbors’ continued objections. This slideshow requires JavaScript . The controversial $55 million project by Chris Houden, the Madison-based developer and the owner of the property, to move the 118-year-old mansion at 1150 N. Prospect Ave. toward the street to make room for the residential tower has been in the works for more than a year. “We are thankful for the commission’s review and the broad support we’ve received from the community,” Houden said after the meeting. “We share their perspective that the proposed development will be a great addition to the East Side neighborhood , and the city of Milwaukee.” The Plan Commission deadlocked with a 3-3 vote on the project in 2016. However, the project was praised by the panel Monday for its design and green features. After more than an hour of testimony, plan commission member...

UPDATED: Casper woman awarded $28.2M in carbon monoxide poisoning case | Casper

A jury awarded $28.2 million to a woman who was poisoned by carbon monoxide at the Sunridge Apartments in Casper in what could be one of the largest civil judgments in state history. “What I have been told is it’s the largest personal injury verdict in the state of Wyoming,” said Tyson Logan, an attorney from the Jackson law firm that represented the woman, the Spence Law Firm . Amber Lompe, now 23, was poisoned by her furnace in 2011. She has a permanent brain injury that affects her memory, concentration, processing speed, attention and ability to multi-task, Lompe said Friday afternoon. “When I moved in there, I assumed everything was checked out and it was safe for me to live in,” she said. Before the poisoning, Sunridge’s owner and manager ignored warnings that the furnaces were dangerous and needed to be fixed or replaced. After the poisoning, the 30-year-old furnace in Lompe’s apartment was removed. Logan said the removal of the unit was part of a cover-up. On Dec. 20, a j...

'A horrible night': Floodwaters carried death and destruction through Winona County | Local

Employees at We-no-nah Canoe are used to working on boats. They don’t usually have to use them to get to work. The morning of Aug. 19, 2007, We-no- nah Canoe workers had to paddle to the Bundy Boulevard facility . The canoe finishing area and warehouse were underwater. So was much of Winona County . The floods claimed seven lives in Winona and Houston counties and damaged thousands of homes in the region. Dozens of roads and bridges were impassable as a result of high water, downed trees and mudslides. Starting late Saturday night , Winona County authorities began evacuating residents from Stockton, Elba, and campgrounds near Whitewater State Park . Areas of St. Charles, Goodview and Minnesota City were evacuated as rainwater rushed out of the bluffs and hills, turning creeks into torrents that washed away whatever was in their paths. Winona County Assessor Steve Hacken ’s office reported to the state in October 2007 that Winona County ’s flood-related property losses totaled $28.4...

Five big projects in Tampa; five big problems looming

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The city of Tampa is on the cusp of a total makeover. With billions of dollars in investment and dozens of new apartment, condo, office and cultural buildings in the pipeline, the city's skyline and surrounding communities are poised to look a whole lot different than what it does today. But dreaming up the future of Tampa doesn't come without its challenges. For all the promises of a new urban core filled with hotels, parks, food halls and stores, there are also potential pitfalls. The Tampa Bay Times identified the five key obstacles that stand in the way of some of the biggest projects proposed in Hillsborough County . Many of these challenges are ones local politicians and business leaders have been fighting for years to find a solution. Others are fairly new territory, but still pose a real threat to the region's continued growth. [LOREN ELLIOTT | Times] A construction site is seen just north of Amalie Arena in downtown Tampa , Fla., on Monday, May 1, 2017. Curr...