Saxum Real Estate in the News
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Five-Story Mixed-Used Structure to Rise on Riverside Avenue
December 11, 2019 -After voting “yes” on the application, which was approved 8-1, Mayor Pasquale Menna called the project the “largest, single-most” positive improvement by Red Bank to provide affordable housing for those who would not otherwise be able to afford “to live, work and play on the river.” |
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Saxum Joint Venture Pre-leases 200,000 SF at New Burleson Cold Storage Facility
October 21, 2019 - Premier Refigerated Warehouse, a cold storage solution provider has signed on to occupy 200,000 SF at the new facility underway in Burleson, TX. Saxum Real Estate is co-developing the 400,000-square-foot property with Yukon Ventures, an Austin-based developer. |
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Saxum Opportunity Zone Fund highlighted by Forbes
Oct 26, 2018 - The U.S. Treasury Department’s recent release of long-awaited guidelines for opportunity zones is expected to unleash real estate investment in low-income neighborhoods in the country – that is, as long as stock market volatility, the onset of a recession or other gloomy events don’t doom optimism and risk-taking. |
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Opportunity Zones: Giving low-income areas opportunity was easy. Making sure they are ready is bigger challenge
Oct 30, 2018 - The panelists at the Opportunity Zone program were a bit bombastic when it came time to describe the potential the program has in low-income areas. “Too good to be true,” said one. “We’ve never seen anything like this,” said another. |
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Opportunity Zones Investors May Get Additional Federal Benefits, Says Rutgers Panelist
October 30, 2018 - NEW BRUNSWICK, NJ—Investors taking advantage of new federal opportunity zone tax rules may get an additional federal benefit in coming weeks through a planned executive order from the Trump Administration, according to one of the panelists at today’s Rutgers Center for Real Estate program on the opportunity zone programs. |
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News Release: Saxum Real Estate Acquires Downtown Madison MOB
June 25, 2018 - MADISON, N.J., June 22, 2018 – Saxum Real Estate, a privately-held real estate investment and development firm has added to its growing portfolio with the acquisition of 345 Main St, Madison, NJ. Saxum acquired the property in partnership with two leading physician groups, which will leaseback all remaining vacancy in the building under long-term leases. As a result, upon transaction close, Saxum brought the building from 47% occupancy to 100% occupancy and achieved an Average Weighted Lease Term of over 8 years.
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