Waterfront redeveloper iStar Financial has sold the first group of 14 town homes it offered for sale at the Vive complex at the corner of Asbury Avenue and Kingsley Street,  according to Tiffany Miller, a spokesperson for iStar Financial. There are 28 units total, and the second group of 14 will be offered for sale […]

Ownership of the Asbury Lanes building is changing hands from Pat Fasano and Vince Gifford to waterfront redeveloper Asbury Partners. The switch is part of a land exchange wherein Fasano and Gifford will give Asbury Partners three lots, and Asbury Partners will give them three lots. The transfer of deeds will likely take place lot-by-lot […]

The city is currently in negotiation with iStar Financial and Madison Marquette to create a new agreement governing the use of three surface parking lots in the waterfront redevelopment area, city manager Terence Reidy said. Reidy expects the issue to be resolved within the next 30 days, and says the lots will definitely be available […]

A former Salvation Army residence for retirees has been purchased by iStar Financial for redevelopment. The building, located on Fifth Avenue, has eight floors, as well as an extension to the east with four floors. It has been vacant since 2004, according to Brian Cheripka, iStar’s vice president of land. The brick building [pictured above […]

Two brothers with years of experience in the bar and restaurant business have taken over management of Asbury Lanes, the bowling alley and live music venue on Fourth Avenue. The new management team is headed by Chris and Bob Fahey, who own Edgar’s Pub in Manasquan. Bob Fahey is also a partner in a Manhattan […]

Construction at the Vive townhome site may recommence soon, as the city and waterfront redeveloper iStar Financial are close to finalizing an infrastructure agreement for the city’s entire waterfront area. The Vive project is linked to waterfront infrastructure because in arbitration between the city and iStar, it was decided that for iStar to retain its […]

Waterfront redeveloper Asbury Partners is set to demolish four buildings over the next one to three weeks. Two of the buildings are located in the same block as the area known as the stump yard on Cookman Avenue. Asbury Partners began to level the stump yard yesterday. The two buildings on Cookman are a former […]

The landmark Berkeley-Carteret Hotel is up for sale with an asking price of approximately $40 million, according to the Coaster newspaper. The paper reports in its Sept. 6 edition that investors Joseph and Jacob Chetrit, who bought the hotel in 2007 for $16 million, are offering it for sale through the Carlton Group, based in […]

Key redevelopment players Madison Marquette and iStar Financial have bound themselves together more closely as a result of a deal the two announced on Thursday. Under the agreement, two undeveloped tracts held by Madison Marquette will be transferred to Asbury Partners, which is currently owned by iStar, according to iStar’s vice president of land Brian […]