A Foxtons sign on Watchung Avenue and Sleepy Hollow Lane
Foxtons, the bankrupt discount real estate company, was allowed to sell its thousands of New Jersey listings to Maplewood Homes, a New Jersey developer which has created a joint venture with C21 Atlantic Realty of Roselle Park, to market the properties.
The deal? A measly $100,000. That's less than $30 apiece. Not bad, huh?
Plainfielders will be familiar with C21 Atlantic as the real estate agent whose selection to market the new Senior Center condos rising on East Front Street was slipped over on the local Realtors® in a surprise move that became apparent when ground was broken for the new construction.
Estimates are that local Realtors® stand to lose up to $1M on those commissions.
In what may come as a surprise to those who don't follow the convolutions of Glen Fishman, whose Dornoch organization is building the Senior Center condos project, Maplewood Homes is one of his newer ventures -- put together a few months ago to rescue the construction projects left high and dry when Kara Homes went bust.
I'm sure the local Realtors® will all be rushing in to help C21 Atlantic and Fishman/Dornoch unload their Plainfield Foxtons listings.
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1 comments:
Are we going to find out that Jerry Green hs some interest in C-21 Atlantic or in Fishman's companies? How would we know one way or the other? He committed the sin of omission (we call it lying in my church) by not disclosing his payoffs from Alman Group so how are we to know that he isn't an investor in any of Fishman's companies? Will to do-nothing city council look into this? They still haven't held him accountable for his refusal to disclose the $50,000 payoffs from Alman Group. Chris Christie is coming to get theses corrupt politicians and this city council is going to look really bad for not protecting the public as they have been entrusted to do.
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