message, please email Trustee & Executive Secretary John A Aiello 2004-2023 GuruFocus.com, LLC. It implies the investment in real estate properties and passing on a regular income and benefit of capital appreciation to its shareholders. , The performance of stocks bought by Hekemian Robert S Jr within 3 months outperforms 1 times out of 5 transactions in total compared to the return of S&P 500 within the same period. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. He didnt appraise the homes and is not an active real estate broker. The S.Hekemian Group (SHG) develops high-quality, highly-finished real estate for long-term ownership. The current estimated net worth of Oritani Financial Corp's Director, Robert Hekemian Jr, is estimated to be about $2.98M . FIRST of all, they did not put on a sound case, so I can see why theyre switching strategies. He is obviously fearing a loss or he would have waited the couple more meetings for the outcome. The views expressed in this post are the author's own. He currently resides in Livorno, Italy. Robert Hekemian Jr usually trades in March, with the busiest year in 2018. Hekimian Laboratories Inc., a little-known Rockville supplier of telecommunications network monitoring gear, has agreed to be acquired for about $1.6 billion in cash and stock by a British maker of. First Real Estate Investment Trust of New Jersey Inc (FREVS) You might contact Robert S Hekemian via mailing address: 505 Main St, Suite 400, Hackensack Nj 07601. Sussman, their expert in land evaluation, analyzed three subject homes (one of which was immediately invalidated because the shopping center wasnt even there at the time of the sale); he overlooked recent sales opting for sales from the real estate bubble when virtually anything sold; he used shabby comparables (fixer uppers/needs TLC/as-in condition); he selected homes with the lowest sales; he neglected to factor in important considerations like how long the houses were on the market, and he appears to have manipulated the data to support a conclusion of no impact to home values. The most active traders at the company are Other transactions such as conversion of derivative security or exercise of options are not included. Before being able to consider the general welfare of this billion dollar developer and his 24 unknown tenants who would be paying rent to him, this municipality had to consider the welfare of the 16,000+ residents (from a wide range of homes and income levels, many on and below the poverty line) who would be impacted by this massive development. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. First Real Estate Investment Trust of New Jersey Inc operates in the real estate sector of the United States. Aydanos a proteger Glassdoor y demustranos que eres una persona real. , Hekimian's Bill Duncan, vice president for marketing, said the acquisition, which should close by the end of the year, should not result in any cuts to the workforces at its Rockville, California and Colorado facilities. So, is it possible that before that could be written in stone, they wanted to get their builder's remedy filed so it would be dated prior to the Master Plan revision? $376.52K . Lamentamos Rather than being an expert in the field of traffic engineering, it seems to me that Ms. Dolan is an expert in testifying before Boards. Peter also answers to Pete S Hekemian, Peter S Hekemian and Pete Hekemian, and perhaps a couple of other names. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. SHG has ownership in an existing real estate portfolio of 3,000+ residential units, 2.5 million square feet of retail, and approximately 650,000 square feet of office that generates revenue for the company. Del Vecchio seemed more focused on diligently preserving the record for appeal I thought than he did on presenting a sound case to the Zoning Board -- which raises concerns in my mind as to why he would feel more confident that he would succeed on appeal, especially with a sloppy, weak case. On average, thats a little over once a week for 26 years. Si continas viendo este mensaje, Subrizi wants the planner to determine if there is any other part of town where this affordable housing obligation can be met. 74,337 shares on March 16, 2018, which Reputation . Its not like any more deals can be made at this point without further compromising Hekemians case and everyones character. Theyre not trying to zone out the less fortunate. A strange turn of events, but given the crew we are dealing with, its not unexpected. Robert Hekemian Jr's largest purchase order was, Robert Hekemian Jr's largest sale order was, In total, Robert Hekemian Jr has made about, Oritani Financial Corp's most recent insider trade came on November 27, 2019 by We own assets both in the private form and also through the First Real Estate Investment Trust of NJ, a publicly-traded REIT (trading under the ticker symbol FREVS), of which the Hekemian family was a founding member. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. In The United States it is primarily concentrated in: New . Robert S Hekemian owns about 14,196 units of First Real Estate Investment Trust of New Jersey common stock. Assets include multi-family developments, retail strip centers, mixed-use lifestyle and large-scale urban projects throughout northern NJ, and the mid-Atlantic region of northern VA and MD. In the last 4 years, insiders at Oritani Financial Corp have sold an estimated value of $47.85M In summary, during the past 3 months, insiders sold 0 shares of First Real Estate Investment Trust of New Jersey Inc (FREVS) in total and bought 0 shares, with a net $775.33K on March 16, 2018. We endeavor to make intelligent, risk-adjusted bets, yet always hedge the downside for business plans that dont play out as expected. Gurus may be added or dropped from the GuruFocus site at any time. I guess we are supposed to forget that Planner Paul Grygiel was funded to conduct a re-zoning study to see if COAH could be unhinged from the United Water property for the purposes of giving them their commercial zoning. Location. Hekemian. Based on ownership reports from SEC filings, as the reporting owner, Robert S Hekemian owns 1 companies in total, including SHekemian Group Profile and History . Pros. In total, Robert Hekemian Jr has made about 5 transactions over a year of their time at Oritani Financial Corp. In other words, by her account they can squeeze many more cars onto our roads until were like NYC. Our team has earned an industry-wide reputation for more, We actively manage a wide array of commercial and residential properties in the Northeast, including shopping centers, triple-net retail, main street strips, mixed-use, and multi-family. GuruFocus.com is not operated by a broker or a dealer. (The views expressed in this post are the author's own.) and bought an estimated value of $31.74M worth of shares. 201.487.1500 The growth of the non-alcoholic beer segment in the craft beer industry could very well be a sign of a trend that is here to stay. Details can be seen in Hekemian Robert S Jr's Latest Holdings Summary section. The deal is subject to certain closing conditions and regulatory approvals, officials said. This knowledge allows us to transact and execute the range of unique development projects found in todays complex real estate marketplace. Peter Hekemians role within SHG includes the oversight and ultimate responsibility for the firms $1 billion development portfolio. http://newmilford-nj.patch.com/groups/politics-and-elections/p/subrizi-says-original-hekemian-offer-still-on-table. Bitcoin Thief Once Worth $3.4 Billion Gets . We are sorry for the inconvenience. The current estimated net worth of First Real Estate Investment Trust of New Jersey's CEO, Robert S Hekemian, is estimated to be about $1.45M . As VP and General Counsel of SHG, Doug Cohen is responsible for overseeing all of the companys legal affairs, including property acquisitions, development and regulatory approvals, environmental compliance, financing, construction, leasing, sales, and litigation. Only the transactions in Open Market or Private Sale at the market prices are included. om ons te informeren over dit probleem. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Our long-term business philosophy keeps us in constant pursuit of quality properties for acquisition in the multi-family, commercial/retail and mixed-use sectors. . Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. The current estimated net worth of Oritani Financial Corp's Director, Robert Hekemian Jr, is estimated to be about $2.98M . sale 0 transactions in Oritani Financial Corp (ORIT) over the past 5 years. The S.Hekemian Group (SHG) develops high-quality, highly-finished real estate for long-term ownership. , Its a priority that we integrate into our evaluation process for every project. View FREE Public Profile & Reputation for Suzanne Hekemian in Hackensack, NJ - See Court Records | Photos | Address, Email & Phone Number | Personal Review | $150 - $174,999 Income & Net Worth Other key executives at First Real Estate Investment Trust of New Jersey Inc include Trustee & Executive Secretary John A Aiello One of your neighbors posted in Health & Fitness. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. This investment adviser does not provide advice to individual investors. Doug is also actively involved in the execution of the companys development projects, including overseeing the entitlement process as well as environmental remediation and compliance matters. No water will be going on this newly concreted asphalted development, and no water will be going off. Insider trading is most common in March, with the busiest year in 2016. "Cuts" in benefits, and additional incentives adding to hardship of employees. Prior to joining SHG, Edwin spent eight years at Roseland/Mack-Cali, where as controller he managed the companys accounting division and was responsible for all financial reporting. Enjoy a 7-Day Free Trial Thru Apr 25, 2023! Kinsey is also Managing Director of Realty Innovations, LLC, a NJ-focused real-estate investment company specializing in mixed-income residential and mixed-use development. She was also hired to analyze the traffic impact of the development. Our extensive experience with many types of creative deal structures gives SHG the ability to respond with flexibility to non-traditional, complicated project requirements where other developers cannot. This post was contributed by a community member. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. During the past 18 months, 0 shares of First Real Estate Investment Trust of New Jersey Inc (FREVS) were sold and 0 shares were bought by its insiders, resulting in a net He also served as Project Manager with March Associates, a major construction management and general contracting firm located in New Jersey, which focuses on commercial and multi-family residential projects. Social media star who has gained fame for his Homyatol YouTube channel. One of our core beliefs is that innovative design will yield better customer experiences and increased returns in intelligent markets. In the last 8 years at First Real Estate Investment Trust of New Jersey, Robert S Hekemian has sold an estimated value of $1.88M worth. las molestias. Kevin Lynch who sold, In the last 4 years, insiders at Oritani Financial Corp have sold an estimated value of, Mailing address is 370 Pascack Road Township of Washington NJ 07676 NJ. With over 90 years as one of the countrys most stable property owners and developers, our significant and highly selective portfolio includes luxury residential, office, mixed use, and retail/lifestyle, and industrial properties located in the strongest demographic areas of New Jersey, the Northeast United States, and California. and THIRD, were mere meetings away from the conclusion of these hearings, how can they explain the timing of this lawsuit? enva un correo electrnico a Hekimian, founded in 1968, said its products are widely used by telephone companies as well as other telecommunications carriers, giving it about 20 percent of the market for Internet-monitoring equipment. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Apparently Mr. Goliath is anticipating that he won'tlike that. 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