Jason Halpern: A Real Estate Developer

From a young age, Jason had the desire to pursue real estate business. He was born into a family that owned a real estate Company. Jason’s family has been involved in the real estate business for 50 years, and they laid down the foundation and paved the path for him to succeed in real estate.

His unique experience and vision enabled him to succeed in the real estate business. Jason ended up launching his company- the JMD Development. JMD Company focuses on renovating historic and landmark buildings.

Jason Halpern with Crunchbase Production

What makes Jason different from other real estate developers is his passion in historic buildings. He takes the time to build a rapport with the people living in the cities he is involved in. The guiding principle for the Company is to respect the community they are working with.

JMH Development focuses on residential and commercial properties in the United States. Jason is a pioneer in the development of unique properties in desirable places like Manhattan, Miami Beach, and Brooklyn.

The Company follows a process that involves strategy development, building design, branding and marketing of their buildings. JMH has a team of professionals that are well versed with the information on building and developing luxurious commercial and residential properties. They combine their knowledge and on-site experience to deliver high-quality service. Some of the buildings that they have been involved in include:

  • The Townhouses in Cobble Hill: These are located in Brooklyn, New York. They include nine luxury townhouses
  • 184 Kent: The building, constructed in 1913, was the largest grocery in the United States. The building has been listed as a Historic Landmark. The JMH Company has converted it to luxurious residential houses. In 2011, the building won the Building Brooklyn Award under the adaptive reuse category.
  • 70 Henry: it is a historical Condominiums that are located in Brooklyn
  • Three Hundred Collins: this is one of the most desirable residential buildings in Miami.
  • South Beach Starwood in Miami.

    Jason Halpern: Property Developer

The Company recently completed the sale of 2901 Indian Creek Drive. The property was sold for $7.75 million.

In his free time, Jason engages in different charitable activities. Most of his contributions are made in support of the Joel A. Halpern Trauma Centre which supports the open- heart surgery, orthopedic surgery, and emergency neurosurgery. They also have equipment that caters for the burn victims, patients with life-threatening internal injuries, pregnant women and the children.

Jason Halpern: Real Estate Entrepreneur

Through his Company, Jason has partnered with Global Water Non-Profit Charity. He donates $20,000 from all the contracts signed at the Three Hundred Collins. Global Water provides water to Ethiopia and Nepal. The partnership has enabled supply water to more than 650 households in the two countries.

How Nationwide Title Clearing, Inc. is Helping to Fight Title Defect

The title defect cases in real estate have been rising at an alarming rate. This increase has resulted in a slowdown in the transfer and transition of assets in the market. Due to this problem, Nationwide Title Clearing, Inc. has launched a website that will help combat this issue. Clients will be able to access property reports with much more ease.

A title defect scenario happens when an individual or corporation claims full ownership of a property that is under the ownership of someone else. Simple mistakes like wording and leaving out an important spouse signature can also result in title defect. Filing documents that don’t follow the procedure required by real estate can also lead to title defect.

John Hillman, who is the CEO of NTC, expresses the importance of addressing the title defect issues. He said the new website would help people acquire all the property documents efficiently hence eliminating the title defect problem. Among the many documents that the clients will be able to access, will be the tax status reports, as well as current ownership reports. According to Hillman, this process will create a transparent situation where all parties involved are aware of the situation of the property in question. The reports will be acquired from different sources, particularly the counties. The reports will undergo human verification, which has managed to raise people’s confidence in NTC.

NTC have labeled their website as user-friendly and fast. Clients are provided with accurate reports that are tailored to meet their needs. This process has come in handy to ensure customers don’t incur extra charges on reports they don’t need. Hillman showed his confidence in the new system by estimating a reduction of title defects in the future. He said that the website was created with the user in mind, hence eliminating all the technical parts.

Nationwide Title Clearing, Inc. is a document research and processing company based in the Palm Harbor, Florida. Since its formation in 1991, the company has managed to serve investors, mortgage lenders and some of the biggest residential mortgage services in the country. With their high-level accuracy, NTC is considered the best in the industry. Their human verification process of the documents has managed to help them protect homeowners as well as redefining the mortgage industry. They were ranked 26th in the 2013 Fast 50 Awards which recognizes the fastest growing firms. The company has over 450 employees and has opened offices in Dallas, Texas.

DEVCO is Optimistic about the Payment of the $20 Million CRDA loan

Earlier this year, the Middlesex County Improvement Authority’s failure to service the $20 million loan it received from the Casino Reinvestment Development Authority elicited a lot of debate. This year’s failed payment is not the first. The authority has arrears, which can be traced five years back and amount to about $7 million in terms of missed principal and interest.
The Middlesex County Improvement Authority received the loan in a bid to facilitate the development of The Heldrich, a hotel as well as conference center based in New Brunswick. New Brunswick Development Corporation, a nonprofit development entity, facilitated the development work. The $20 million loan from the Casino Reinvestment Development Authority was part of the larger financing estimated at $107 million arranged by Devco to bankroll The Heldrich.

The Heldrich’s slow gain in profit is attributed to the period it was opened in 2007, which was near the start of the economic downturn. As so, the hotel has experienced hassles in attracting the ideal number of guests. Christopher Paladino, the head of DEVCO and the Atlantic City Development Corp, revealed the extent of how cash-strapped The Heldrich was by citing that DEVCO injected its money, $776,000, to support basic capital expenses including carpet and mattress replacement. However, stakeholders are confident about The Heldrich citing improvement in its performance. The Press of the Atlantic City published this article: http://www.pressofatlanticcity.com/news/breaking/unpaid-million-crda-loan-raises-questions-about-new-brunswick-devco/article_a03318e2-dcdb-11e5-a563-67611bc7b7bc.html

DEVCO

The New Brunswick Development Corporation or DEVCO serves as a nonprofit making urban real estate development entity that was established in the 1970s. The primary objective of its creation was to act as the driver for private and public economic development investment in the state of New Jersey, City of New Brunswick as well as other New Jersey areas or communities. Some of its numerous successes include nurturing public-private partnerships and joining the interests of the State of New Jersey, New Brunswick as well as institutional and corporate leadership.