Tag Archives: real estate

New Hope’s Logan Inn makes history, sells for $5.6 million

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Jersey City developer promises to restore, expand Bucks County landmark

Addison Wolfe Real Estate, a boutique real estate firm specializing in distinctive properties, today announces New Hope’s historic Logan Inn has sold for $5.6 million to Landmark Hospitality, headquartered in Jersey City, N.J.

According to Addison Wolfe Realtor® Caryn Black, who represented Landmark Hospitality, the Logan Inn deal represents the largest commercial real estate transaction in recent history within the borough of New Hope.

“This deal has been in the works for some time, and promises to remake the face of downtown New Hope while remaining true to the building’s historic roots and New Hope’s distinctive character,” says Black. “Landmark Hospitality has an impressive track record of restoring historic commercial properties and turning them into remarkable destinations that complement their environment. The same will be true of Logan Inn.”

Established in 1722 as a tavern, the Logan Inn at 10 West Ferry Street in New Hope is Bucks County’s oldest and only in-town, continuously operational inn on the National Register of Historic Places.

Frank Cretella, principal of Landmark Hospitality, intends to work closely with New Hope’s Historical Architectural Review Board and Doylestown Architect Ralph C. Fey, AIA, to enhance the property’s curb appeal. In its current form, Landmark’s plans call for constructing two additional permanent structures that will add 17 new guest rooms and a pebbled court yard.

“As we did with the Ryland Inn in Whitehouse Station a few years ago, our intention is to return the Logan Inn to its true landmark status,” explains Cretella. “Logan Inn has been a centerpiece for New Hope since the dawn of this town, and we intend to renew its promise, restore its history and remake it as a showplace of fine dining and lodging for the hundreds of thousands of people who visit the area annually.”

Landmark Hospitality, a leader in urban renewal and adaptive reuse practices for historic and existing commercial structures, also operates Liberty House Restaurant in Jersey City, Stone House at Sterling Ridge in Warren, N.J., and Celebrate at Snug Harbor in Staten Island, N.Y., in addition to the Ryland Inn. The company also recently unveiled its other distinctive New Hope property, the fully renovated Hotel Du Village on River Road.

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Gloria Nilson & Co. opens Toms River office

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Gloria Nilson & Co. Real Estate today announces it is scheduled to open its newest office in Toms River at 411 Main Street in early December 2015. This newest location brings the company’s total number of offices to 24 throughout New Jersey, with two locations in Bucks County, Pa., and more than 700 agents working throughout the region.

“Toms River is an extremely diverse and dynamic downtown environment that continues to be a destination of many throughout the state,” explained Jacqueline Paterno, the broker-associate branch manager who will lead the Toms River office. “With so many of our clients looking to Toms River and surrounding areas for homes, this was the next logical location for our business and our agents. We’re thrilled to be joining the local community.”

In addition to Paterno, 12 additional sales associates from Gloria Nilson & Co.’s Brick, N.J., office will join the Toms River office. Plans for an official grand opening celebration in the first quarter of 2016, as well as recruiting for additional experienced and well-trained local sales associates, are also underway.

Sales associates who will work from the Toms River office include: Ramona Bruno, Anna Fimagnari, James Hawkes, Michael Meehan, Sima Parisi, Loretta Parody, Peter Paterno, Tom Rafferty, Sarah Rullo, James Schneider, Roseann Smith and Donald Stout

“One of the reasons Gloria Nilson & Co. has continued to grow as a successful real estate brokerage is because our expansion is strategic and it focuses on meeting the needs of our buyers and sellers,” said company President Pat Bell. “Toms River gives us another key regional location in Ocean County as well as further reach into other desirable shore communities where buyers are most interested.”

For more information about Gloria Nilson & Co. and its new Toms River location, please visit www.glorianilson.com or call Paterno at (201) 218-6388.

Addison Wolfe achieves milestone: 50 agents in 9 years

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Addison Wolf Real Estate , a boutique real estate firm catering to estate and historic home buyers and sellers, today announces it has achieved another growth milestone with the addition of two new Realtors, bringing the firm’s official headcount to 50 real estate sales professionals.

“I’m immensely proud of the success we’ve achieved as a team,” says Art Mazzei, owner and partner of Addison Wolfe. “Nine years ago we set out to create something different in the real estate business, and our business model has rewarded us with outstanding clients and immensely talented and dedicated realtors who make it all possible.”

According to Mazzei, the two new realtors, Greg and Johanna Hanson, formerly of Lisa James Otto Country Properties, officially joined the firm at the end of April.

“Agents of Greg and Johanna’s caliber and loyal client following are few and far between, and we’re excited to welcome them to Addison Wolfe,” says Mazzei.

As the firm marks its ninth year in business, Mazzei says he’s already begun anticipating the next milestone of the company’s upward movement: more space. Mazzei notes that with the additional personnel, Addison Wolfe is now at maximum capacity for its 4,000 square foot office space in New Hope.

“We’re going to need more space, or a second space soon to continue our growth strategy. The good news, though, is we’ve got plenty of great agents who can help us find the perfect location,” notes Mazzei.

Addison Wolfe offers self defense classes to mark national realtor protection month

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(Check out a video of the agents in action at their self-defense class)

To help promote Realtor safety following National Realtor Protection Month, Addison Wolf Real Estate is hosting two self-defense classes for its Realtors on April 2 and April 9 at New Hope Karate. Nearly 30 of the firm’s 45 agents have signed up to participate so far.

“The reality is we live in a world where bad things sometimes happen,” says Robert Reynolds, a Realtor with Addison Wolfe and owner of New Hope Karate. “Being able to defend yourself in these rare instances is important. These classes will give Addison Wolfe agents an added advantage should they need to defend themselves.”

According to a March 2015 Member Safety Report by the National Association of Realtors (NAR), only 46 percent of real estate brokerages have standard procedures and recommendations for agent safety. Further, the report found only 18 percent of respondents have participated in a Realtor safety course.

Reynolds, who has three decades of experience teaching self defense and is a 5th Degree Master of Tang Soo Do, says the classes will focus on basic awareness issues as well as self-defense techniques. Those self-defense techniques will include:

  • Multiple defenses to wrist and shoulder grabs by assailants
  • Defense against a rear choke hold
  • Take downs (if warranted)
  • Where and how to strike an attacker

The NAR report noted Realtor safety concerns are heightened due to open houses, vacant properties, and properties in remote areas. In addition, the high community profile of most agents can sometimes draw unwanted attention.

Although Addison Wolfe doesn’t publicly disclose its agent safety protocols, it does recommend the following basic safety tips to all Realtors:

  • Alert your office when you go to a showing or open house. Make it a standard practice to call your office at the conclusion of each.
  • Always have two people host any open house.
  • Let clients and prospects take the lead entering properties or various rooms. This allows you to be able to exit ahead of them if necessary.
  • Always carry your keys in one hand and cell phone in the other during a showing. The keys can be a non-threatening weapon if needed.
  • Arrive early to all showings and open houses and plan an exit strategy should you find yourself in an uncomfortable situation or if you feel threatened.