Of Paramount Importance
Last week I was wearing my other hat, the one with the "Press" tag in it. I filed a couple of news stories for the Courier News.
One had to do with the sale of many downtown properties to a Bayonne property management firm. In case you missed it, click here.
At the time of writing the article, I did not have a complete list of all the Bayonne firm's properties in Plainfield, as not all were under the name of Paramount but under various limited liability corporations. A couple of hours of poring through tax records showed ownership of more than 40 buildings going back to the same address in Bayonne (with a few variations). The assessed value of all these buildings is about $7.5 million, with the market value being much higher.
Merchants are already on the alert for changes downtown through redevelopment. It will be interesting to see what else happens as the Bayonne property management companies put their stamp on the downtown.
--Bernice Paglia
One had to do with the sale of many downtown properties to a Bayonne property management firm. In case you missed it, click here.
At the time of writing the article, I did not have a complete list of all the Bayonne firm's properties in Plainfield, as not all were under the name of Paramount but under various limited liability corporations. A couple of hours of poring through tax records showed ownership of more than 40 buildings going back to the same address in Bayonne (with a few variations). The assessed value of all these buildings is about $7.5 million, with the market value being much higher.
Merchants are already on the alert for changes downtown through redevelopment. It will be interesting to see what else happens as the Bayonne property management companies put their stamp on the downtown.
--Bernice Paglia
posted by Bernice at 2:28 AM
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