Category: News Transcript Business

Sovereign Bank recently announced it is officially changing its name to Santander. The announcement applies to all 721 Sovereign Bank branches across the country, including more than 150 in New Jersey. It is the culmination of the 2009 acquisition of Sovereign – one of the 25 largest banks in the United States by deposits –…

Weichert Relocation Resources Inc., one of the world’s leading providers of corporate workforce mobility solutions, announced that it has officially changed its name to Weichert Workforce Mobility Inc. The name change reflects the company’s expanded scope of services and the increasingly prominent role these services play in strategic workforce management. “As the demographics of the…

Ofir Hillel, broker/owner of Orange Key Realty, agrees that the next generation of potential home buyers prefer to live in developments with an array of housing types close to shops and mass transit, a recent survey shows. Is this bad news for the baby boomers who will eventually be looking to sell their big suburban…

Louis Critelli of Critelli Realtors, Holmdel, announces the formation of two new company divisions as part of their continued growth. With 22 years of experience and celebrating eight years as an independent real estate firm in Monmouth County, Critelli Realtors has grown to be a firm to contend with in the Monmouth County real estate…

John G. Udell, president, announces that Weichert Commercial Brokerage Inc. has been appointed as the exclusive agent to market 8,966 square feet of a 64,000-square-foot Class A office building. Senior Vice President C. Beth Krinsky is handling the marketing of this property. The property, located at 4400 Route 9 south in Freehold, offers 24-hour access…

Closing costs are going up. Shop around to get the best deal. Record low mortgage rates were available to homebuyers last year, but those who purchased property also forked over more in closing costs, according to a recent survey by Bankrate.com, a financial rate and personal finance website. Over the past year, closing costs averaged…

Century 21 Mack Morris Iris Lurie was selected as one of five companies nationwide to participate in the “HomeBase” pilot project by Mark Forman, senior vice president of Century 21 Real Estate LLC. “It is an honor to be chosen to participate in this technological advancement,” said Iris Lure, broker/owner. “We are always striving to…

‘W hile home purchases are still the embodiment of the American dream, the following information has been gathered through housing experts and what Orange Key Realty’s sales associates have encountered with its customer base,” says Michael Matthews, broker/owner. This information demonstrates that current housing will add half a percentage point to GDP growth. By 2014,…

John G. Udell, president of Weichert Commercial Brokerage Inc., announces that CoStar Group has selected Weichert Commercial Brokerage in its annual list of top brokerage firms for its performance in 2012, making this the 11th consecutive year that Weichert Commercial has received CoStar Group, the nation’s leading provider of commercial real estate information services, has…