The Social Security Board of Trustees today released its annual report on the financial health of the Social Security Trust Funds and the long-range outlook remains unchanged. The combined assets of the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds will be exhausted in 2037, the same as projected last year. The Trustees also project that program costs will exceed tax revenues in 2010 and 2011, be less than tax revenues in 2012 through 2014, and then permanently exceed tax revenues beginning 2015, one year earlier than estimated in last year’s report. The worsening of the short-range outlook for the Social Security Trust Funds is due in large part to the recent economic downturn.
Poker Club Members Meet Three Times a Week for Camaraderie and Card Games at Full-Service Retirement Community
It began with casual conversations over breakfast and dinner in the dining room. Before they knew it, several residents at Heritage Pointe of Teaneck, a full-service rental retirement community, discovered a shared love of all things poker, and the Heritage Pointe Poker Club was started. Gerry Wagner, who came to Heritage Pointe last year, got the Poker Club rolling last fall, and today, six men meet three times a week in the community’s card and billiards room to play their favorite game.
Jones Lang LaSalle announced today that TIAA has signed a 147,000-square-foot office lease at Morris Corporate Center III with Watson Pharmaceuticals, Inc. The 540,000-square-foot, Class A corporate park, located at 400 Interpace Parkway in Parsippany, N.J., will be the new home for Watson's administrative headquarters. The Jones Lang LaSalle leasing team of Susan Mason, Ken Flynn and Fred Hyatt represented TIAA in the transaction. Watson Pharmaceuticals was represented by the Cushman & Wakefield team of John Minervini, Tom Giannone, Mitti Liebersohn, Bill Brown and Josh Cohen.
Social media provides new channels to marketers but staying current on developments takes some legwork, a new survey by The Creative Group confirms. Nearly two-thirds (65 percent) of advertising and marketing executives interviewed said it’s at least somewhat challenging to keep up with social media trends. According to 23 percent of respondents, the best resource for staying up to speed on this topic is conferences or seminars. Attending networking events or industry association meetings was the second most common response, cited by 18 percent of those polled.
Assemblyman Ralph R. Caputo and Assemblywoman Connie Wagner on Thursday said ideas such as bidding the operations of the Meadowlands Racetrack, Izod Center and Xanadu and asking the public to approve the governor’s plan for taking over parts of Atlantic City are among concepts that should be considered by the Democratic gaming summit.
The Paramus Board of Health, in cooperation with Medical Laboratory Diagnostics, will conduct its annual Blood Chemistry Screening on Saturday, September 25, 2010. “The purpose of the program” according to John Hopper, Borough Health Officer, “is to identify individuals at risk for coronary heart disease and diabetes, and to prevent the associated premature death and disability associated with these diseases.”
The Paramus Board of Health, in conjunction with the Diabetes Foundation, is sponsoring a public education meeting entitled “Urological Problems and the Diabetic” on Wednesday, September 1, 2010 at 7:00 pm at the Life Safety Building on Carlough Drive. Our guest speaker will be Andrew Siegel, MD., Honorary Medical Staff Retired, Department of Internal Medicine, Chief Emeritus, Diabetes Section at Hackensack University Medical Center.
Nichelle Weems and Chikara Iwuagwu
Nichelle Weems of Beacon, NY, and Chikara Iwuagwu of Englewood, NJ, both seniors in the Joint Bachelor of Science Ramapo-Englewood Hospital Nursing Program, have been chosen as this year’s scholarship recipients by the Friends of W.F. Willoughby of Englewood Hospital and Medical Center.
The students will be feted at the 57th Annual Garden Party of the Friends on Sunday, September 26 at 4PM at the Medical Center.
Hundreds of construction workers and principals of owner/dev-eloper Related Companies and construction manager Tishman Construction Corporation today celebrated the topping out of 440 West 42nd Street, as the final bucket of concrete was lifted to the roof, where it became part of the building’s structure. The project is a new, $800-million, 60-story mixed-use complex designed by Arquitectonica and Ismael Leyva Architects. It will contain more than 800 units of rental and for-sale residences, including 163 affordable units, and Manhattan’s first Yotel hotel. It will also house the Signature Center, an off-Broadway theater complex designed by Frank Gehry.
Lucy Danny, a teacher at Paramus High School, recently returned from South Korea, where she participated in a fellowship for American educators sponsored by The Korea Society in New York City. Ms. Danny was selected from a nationwide pool of applicants for the prestigious fellowship, which includes a series of seminars and workshops at Korea University, as well as visits to South Korea’s most important cultural and historical sites.
Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today the addition of Alex Previdi as vice president to its Teaneck, New Jersey office. In this role, Previdi, who specializes in industrial sales, leasing and marketing with a concentration on the Northern New Jersey market, will be responsible for the acquisition and disposition of properties for corporate, institutional, and private companies on a local and national basis.
- Legal services firm takes prime property four blocks from Bergen County Court House -
NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, is pleased to announce the completion of a 10-year, 12,000-square-foot office lease agreement at 190 Moore St. in Hackensack, N.J. NAI Hanson senior vice president Joshua Levering, SIOR, represented the tenant Northeast New Jersey Legal Services (NNJLS) while the landlord represented itself.
Smashburger, a fast-casual “better burger” restaurant, will open its second New Jersey location on Wednesday, August 18, 2010. The restaurant will open in “The Shops at Riverside” in Hackensack and continue Smashburger’s mission to become the Garden State’s favorite place for burgers (Montclair is home to the first New Jersey Smashburger). New Jerseyans can look forward to 25-30 more Smashburgers opening over the next few years.
Colliers International has completed a five-year, 12,185-square-foot relocation and expansion on behalf of Nomadic Display at 4-6 Just Road in Fairfield, New Jersey. The footprint includes office, showroom and warehouse space. FRA Fairfield LLC is the landlord.
Nomadic Display is a leading global producer of high-quality portable and modular trade show displays. The company also has locations in Springfield, Virginia and Manhattan. The Colliers International New Jersey leasing team of Doug Rowe and Leslie Meril represented the tenant in the transaction. “Nomadic Display wanted a space that was centrally located and enabled them to expand their footprint to include larger showroom space,” Rowe said. “The new lease gives them both.”
Located near Essex County Airport, 4-6 Just Road is convenient to both Rt. 46 and Interstate 80.
Carmel Hubbard, of Tulfra Real Estate, represented the landlord.
MS Center celebrates 25 years of service
Holy Name Health Care Foundations is proud to present the 13th Annual Charity Golf and Tennis Invitational on Monday, September 13, 2009 at the Knickerbocker Country Club, Tenafly, New Jersey with all proceeds benefiting patient care and research at the MS Center at Holy Name Medical Center.
Bergen Community College Student Jee Seop Han’s outstanding academic achievements and service to the community garnered the Palisades Park resident a 2010 Merit Scholarship from the Research & Development Council of New Jersey (R&D Council.) The Research & Development Council of New Jersey (R&D Council) honored Bergen Community College student Jee Seop Han, of Palisades Park, with a 2010 Merit Scholarship for his outstanding academic achievement and service to the community.
Bergen Community College serves as a resource to help people who are looking to enhance their job skills or expand their knowledge in subjects of personal interest. Learn the necessary tools to enter a new profession or stay competitive in the workforce at the “Careers Through Education Information Fair” presented by Bergen Community College’s Division of Continuing Education, Corporate and Public Sector Training, the Bergen County Workforce Investment Board (WIB) and the Bergen County One-Stop Career Center. The career fair will be held on Tuesday, August 17, 2010 from 5:30 p.m. to 7:30 p.m. in the Moses Family Meeting and Training Center on the College’s main campus in Paramus. Admission is free.
When the 2010 Andiamo Benefit Motorcycle Run takes off from the Andiamo Restaurant in Haworth at 10:20 AM sharp on Sunday, September 12, it will be thanks to the dedicated efforts of a faithful crew of volunteers, including police officers from many towns. Countless hours of hard work make the Andiamo Run a favorite that has attracted thousands of participants since it began in 2000. Always eagerly awaited, the annual event will raise funds for the new emergency care center at Englewood Hospital and Medical Center, the NJ Law Enforcement Torch Run for Special Olympics and other local worthy causes.
Grants supports intensive program with school districts across New Jersey
The Center for Innovation in Engineering and Science Education (CIESE) at Stevens Institute of Technology has been awarded a three-year, $1.7 million Mathematics and Science Partnership (MSP) grant from the New Jersey Department of Education’s Office of Mathematics and Science Education. The program focuses on the preparation of K-12 teachers in mathematics and science to serve as the primary vehicle to enhance student achievement, interest and participation in science, technology, engineering and mathematics (STEM) fields.
