| East Hanover Real Estate Blog |
Wednesday, 04 April 2012
Contact: Christopher Coccia / Coccia Real Estate Group / 973-887-2500 / Info@CocciaRealEstate.com
Chris Coccia Participates in Global Real Estate Conference
East Hanover, NJ April 4, 2012 — Christopher Coccia, Broker of Coccia Real Estate Group, LLC attended the Leading Real Estate Companies of the World® 2012 Annual Conference March 24-26 at the Hilton Orlando Bonnet Creek in Orlando, FL. The event was part of LeadingRE’s Conference Week, which attracted nearly 1,000 top real estate brokers, managers, relocation professionals, sponsors and guests attending from the U.S. and over a dozen countries around the world. Participating brokerages represented a significant share of the U.S. real estate market, with annual sales production of over $225 billion.
Keynote presenters included widely-recognized scientific figure Dr. Michio Kaku with a perspective on “How Technology Will Revolutionize the Next 20 Years and Beyond,” and award-winning journalist, television legal analyst and trial attorney Lisa Bloom on "Understanding Today's Consumers and the Culture Surrounding Them." Also featured were Mortgage Bankers Association (MBA) President/CEO and former FHA Commissioner David Stevens, who commented on the unprecedented challenges the mortgage industry will face in 2012, and social media expert Spike Jones, who offered guidance on “Engaging Your Associates with the Latest in Social Business.”
Experts from top real estate brokerages were also in the line-up, addressing timely topics impacting the real estate market. The Awards Gala, which recognized top performing members in various areas of brokerage achievement, was another conference highlight.
“The Leading Real Estate Companies of the World annual conference is the most important event I attend. Not only is it an excellent networking opportunity to meet other Real Estate professionals from around the globe but a terrific place to learn and share ideas. This conference makes my company better and better year after year!” Coccia said.
“The conference brought together some of the top names in real estate to explore the ever-changing landscape and the best ways to serve those buying and selling homes,” notes Leading Real Estate Companies of the World® President/CEO Pam O’Connor. “It was gratifying to hear so many of our members anticipate positive trends in the market, and the ideas exchanged will ensure that our brokerages retain their positions as market leaders.”
Coccia Real Estate Group, LLC is the local representative of Leading Real Estate Companies of the World®, the largest network of 550 premier locally-branded firms producing $225 billion in annual home sales. Coccia Real Estate Group, LLC was selected for membership in LeadingRE, which recruits only the best among locally and regionally branded firms. As a member of this global network, Coccia Real Estate Group, LLC can assist home buyers and sellers worldwide and can access LeadingRE’s full range of brokerage services, including lead generation, branding support, luxury marketing, web exposure, technology systems, and state of the art learning and credentialing.
For more information on Coccia Real Estate Group, LLC, visit CocciaRealEstate.com or call 973-887-2500 or for our Hanover Twp office 973-599-9500.
Thursday, 20 October 2011
AlCatel-Lucent property sold!
Bayer Healthcare to move in with 2,000 employees!
HANOVER — Bayer Healthcare LLC will be moving into the long vacant Alcatel-Lucent property on Whippany Road, bringing 2,000 employees and plans to refurbish a main building on the site while adding additional structures and employees in the future, township officials announced today.
“We’ve worked real hard and are blessed to have a major international pharmaceutical company coming into our township,” said Mayor John T. Sheridan. “It will not only boost the Hanover Township economy but it will be a boost to the whole region.’’
Bayer had announced in April that it would combine its East Coast business in New Jersey and that the consolidated headquarters would be in Morris County. Bayer's New Jersey operations currently are in Morris Township, Montville and Wayne.
The 194-acre Alcatel-Lucent property sold for $18.5 million in December to private equity firm Rubenstein Partners and Mountain Lakes-based real estate development firm Vision Equities. Vision has executed a number of developments in Hanover, including Cadbury on Route 10, and plans to build a shopping center development with apartments called Whippany Village at Route 10 and Troy Hills Road.
The Alcatel-Lucent property is comprised of two adjacent lots. The main lot at 67 Whippany Road has 15 buildings, including offices and research labs, totaling 1,354,751 square feet of space, according to information provided earlier this year by Rubenstein Partners. The 140-acre lot sold for $12.5 million. The other lot at 85 Whippany Road has about 50 acres of open space. It sold for $6 million.
The site had an assessed value of more than $97 million before Alcatel-Lucent began closing operations there in 2008. After Alcatel-Lucent closed operations on the site, its assessed value dropped dramatically. A recent tax appeal settlement between Alcatel-Lucent and the town brought the assessment to $42,737,300.
The tax bill is around $2 million a year, but that amount has dropped by hundreds of thousands of dollars along with the assessed value.
“We haven’t calculated the tax impact yet but certainly they will be our No. 1 tax revenue generator followed by the Morristown Airport, which will be No. 2,’’ Sheridan said.
Bayer plans to use 90 to 95 acres of the land at the site, according to Towsnhip Administrator Joseph A. Giorgio, who said the site is currently vacate save for some demolition work that is ongoing.
As many as 5,000 people worked on the site during its busiest time, which was when Bell Labs operated there during the Cold War. The Bell Lab operation was considered so valuable to national security that Nike missile bases were located nearby in East Hanover to safeguard it.
Lt. Gov. Kim Guadagno had announced during a speech before the Morris County Chamber of Commerce that Bayer was looking to locate in Morris County. Sheridan said that Hanover had competed with two other towns to get Bayer. One of those towns as Mount Olive, which has the the mostly vacant massive former BASF complex within its boundaries.
Sheridan credited Gov. Chris Christie and Guadagno for helping get Bayer into Hanover but also said a lot of credit goes to the volunteer members of the township’s Economic Development Advisory Committee, who had been working to attract a tenant to the site. Township officials and volunteers have been working for about 20 months on the deal, Sheridan said.
Sheridan did not have the details of the sale price or other aspects of the contract between the developer and Bayer.
“Once they get site plan approval, they will begin work immediately,” Sheridan said. “I think this process will be expedited through the planning board and we should see all their approvals by November of this year.”
Friday, 06 May 2011
Christopher Coccia is proud to name Ariane Leigh Bolitski relocation director for Coccia Real Estate Group, LLC. “Ariane is a dynamic individual with excellent communication skills. I am thrilled to have someone with her dedication and care for the client” said Christopher Coccia.
With more than a decade of sales and management experience, Ariane Leigh Bolitski is currently the Relocation Director for Coccia Real Estate Group of East Hanover New Jersey. Ariane is responsible for helping Coccia Real Estate clients, who are moving out of the Northern New Jersey area, into the hands of an expert localized real estate agent of their desired relocation.
Coccia Real Estate is affiliated with Leading Real Estate Companies of the World™ which has 600 brokers with 5000 offices and 150,000 sales associates in over 30 countries. By having the ability to refer clients through Leading Real Estate Companies of the World™, Ariane knows her agents clients will receive expert real estate assistance whether they are moving across town, across the country, or across the world.
Ariane is a RELO Certified Coordinator, and has obtained a CRP designation, Certified Relocation Professional designation. Prior to Coccia Real Estate Group, she spent 3 years directly working with a custom home builder on the marketing and advertising of his business, where she learned about the delicate nature of helping clients find not just a place to live, but to help someone find a comfortable place to call home.
Why choose Ariane and Coccia Real Estate to help you with your relocation? After having two major cross country relocations herself, Ariane can put her insider knowledge to work for you and make you feel comfortable in finding the proper agent to help you with something as personal as finding a home. She prides herself on really listening to her your needs, and will work tirelessly on their behalf to assist you in finding that perfect agent who can help you find the home you are searching for; and she will remain available to assist you with any needs they may have along the way.
For additional information or assistance, please contact Ariane Leigh Bolitski at telephone: 973-887-2500, direct: 972-679-5619, or email her at: Ariane@CocciaRealEstate.com . She will be glad to assist you in your real estate needs anywhere in the world, and to ensure your experience is as positive as possible. Any questions you have about relocation and finding the proper real estate agent, Ariane Leigh Bolitski is the person to ask.
“Relocating? I can help!"
Ariane Leigh Bolitski
Friday, 08 October 2010
Every since we started to place color pictures in newspaper ads I always knew that it was important to take the best picture I could. Now, with the internet allowing you to put 20+ pictures of the exterior and interior of home it is more important than ever!
According to a company called Redfin Corp., a Seattle-area real estate firm, Sales listings taken by higher-end single-lens-reflex cameras (SLR), preferred by professionals, garner higher prices than those properties whose sellers use point-and-shoot cameras.
Redfin analyzed listings in their market area and it was easily determined that houses with better photos sold from $934 to $116,000 more. The study directly compared point and shoot cameras to digital SLR camera’s. SLR cameras with their high quality lenses were a clear winner. The study also showed that properties with better photos (the more the better) got more online clicks.
Only about 25% of the photos in the mls are shot with high quality SLR cameras.
All Coccia Real Estate Group’s photos are taken with Olympus SLR camera with a wide angle lens.
Monday, 27 September 2010
A local Newspaper in Morris County called the “Florham Park Hanover This Week” has once again named Coccia Real Estate Group Best Real Estate Broker Runner-up. The newspaper encourages its readers to visit its website and cast a vote for your favorite business in the area. There are a wide range of categories ranging from Pizzeria, Physician, Pub and Realtor.
This year the results are in and for the 2nd year in a row Coccia Real Estate Group in East Hanover and Whippany were given the nod as tops in their field. “I would like to say thank you to everyone that voted and the award is really for the team of Realtors who work at the office. They are some of the nicest people with the most integrity I have ever met.”, said Christopher Coccia, Broker Owner of Coccia Real Estate Group, LLC.
Monday, 20 September 2010
Here are 10 reasons why buying a home right now is a great idea:
1. You can get a good deal. Prices are down 30 percent on average. They're at a level that makes sense for people's income.
2. Mortgages are cheap. At 4.3 percent on average for a 30-year fixed-rate mortgage, your costs to own are down by a fifth from two years ago.
3. You can save on taxes. When you add up the deductions for mortgage interest and others, the cost of owning can drop below renting for a comparable place.
4. It'll be yours. The one benefit to owning that never changes is that you can paint your walls orange if you want (generally speaking; there might be some community restrictions). How many landlords will let you do that?
5. You can get a better home. In some markets, it's simply the case that the nicest places are for-sale homes and condos.
6. It offers some inflation protection. Historically, appreciation over time outpaces inflation.
7. It's risk capital. If the economy picks up, you stand to benefit from that, even if you're goal is just to have a nice place to live.
8. It's forced savings. A part of your payment each month goes to equity.
9. There is a lot to choose from. There are some 4 million homes available today, about a year's supply. Now's the time to find something you like and get it.
10. Sooner or later the market will clear. The U.S. is expected to grow by another 100 million people in 40 years. They have to live somewhere. Demand will eventually outpace supply.