Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
Temares has also resigned as a member of the board of directors of the Union, NJ-based domestics and home furnishings retailer. He had served as CEO of the company since 2003.
A 17-year veteran of the commercial real estate industry, Lies joined Gazit Horizons at its inception in 2017, most recently serving as senior vice president.
Wage tax collections have steadily increased by 2.5% per year and have not been affected by the PBT, for 24 industries potentially affected by the tax, including supermarkets.
The Ira Group's target market includes individuals with past lending experience, as well as newcomers to commercial real estate lending. The new company will be engaged in opportunities extending across a full spectrum of risk and return.
Cross River Bank, which had been considering relocating its headquarters to a facility in Orangeburg, NY, did receive a Grow NJ grant in connection with the purchase.