Saxum Real Estate in the News

Joint venture buys boutique office building in Summit
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September 11, 2019 - A 42,000-square-foot boutique office building in Summit has recently sold to a joint venture between Summit-based Saxum Real Estate and Montclair-based The Becker Organization, Cushman & Wakefield announced on Wednesday.
Saxum plans office project in Austin as first Opportunity Zone investment

June 17, 2019 - Saxum Real Estate has landed in Austin for its first investment under the federal Opportunity Zone program, teaming with a local developer to acquire a site for a new ground-up office building.
An Open Letter on 14 Lincoln Place
from Anthony Rinaldi, Founder of Saxum Real Estate

Saxum Real Estate, a Summit, NJ -based, real estate investment and development firm acquired 14 Lincoln Place in Madison, NJ, commonly known as the Madison Movie Theater, in February of 2017.
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.
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.
  Saxum announces new  fund for Opportunity Zones
  
July 27, 2018 - Development and investment firm Saxum Real Estate has launched a new fund dedicated to projects in newly created federal Opportunity Zones, as it prepares for the program’s highly anticipated rollout later this year.
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.

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.

Medical office building is Saxum’s latest acquisition in Madison

June 26, 2018 - Saxum Real Estate has closed on its second property in Madison, acquiring a 19,700-square-foot medical office building in the borough’s downtown.

Saxum adds to portfolio in downtown Red Bank

June 6, 2018 - Investment and development firm Saxum Real Estate has acquired another building in downtown Red Bank, with plans to reposition and rebrand the property as additional boutique office space.

Downtown Montclair buildings are latest acquisitions for Saxum

March 1, 2018 - Saxum Real Estate has expanded its holdings in downtown Montclair with the acquisition of two neighboring properties, including a 25,000-square-foot former bank building.

Old Visiting Nurse Association HQ in Red Bank sold for $7.4M

​January 2018 - A landmark building on Riverside Avenue in Red Bank, the former Visiting Nurse Association Health Group headquarters, has been sold for $7.4 million.

Red Bank: Sale Puts Building on Tax Rolls

January 2018 - ​Red Bank’s municipal coffers are about to be bolstered by the addition to the tax rolls of a major office building.

Real Estate Forum - Fifty under 40 2017

Saxum acquires two  buildings in downtown Summit

August 3, 2017 – Commercial real estate firm Saxum Real Estate recently announced it has acquired two adjoining properties in downtown Summit, located at 367 Springfield Ave. and 40 Beechwood Ave.

Saxum acquires two commercial buildings in downtown Summit

August 3, 2017 – Development and investment firm Saxum Real Estate has acquired two adjoining properties in downtown Summit, including one that it plans to renovate and market for lease.
NJBIZ announces Forty Under 40 for 2017
July 18,  2017 -  NJBIZ has revealed the 2017 winners of one of its most popular awards: the Forty Under 40. 

Saxum Real Estate Buys Retail Building in New Jersey

February 16, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of an 18,000-square-foot vacant retail building located at 37 Easton Avenue in downtown New Brunswick, New Jersey.

Historic Madison Movie Theater Building Sold

February 14, 2017 – After a year on the market, the historic building that houses Madison Cinema 4 has been sold, but the movies will still go on.

Saxum Grows Portfolio with Two Downtown Acquisitions

February 13, 2017 —  A development and investment firm has made new acquisitions in Middlesex and Morris counties, its latest under a recently launched fund for repositioning downtown commercial sites.

Firm hopes to ‘bring SoHo to the suburbs’ with new development, investment fund

December 13, 2016 -- A three-year-old development and investment firm has launched its first fund, with a goal of deploying some $75 million to acquire value-add properties in transit-oriented downtowns.

Saxum Real Estate Launches New Value-Add Fund

December 12, 2016 — Saxum Real Estate, a privately-held real estate investment and development company led by Managing Principals, Anthony Rinaldi and Christopher Johnson has launched its first fund, the Saxum Adamas Fund I, LP.