As many of you are aware I have relocated my business to work for PURE PROPERTIES. It will prove to be the most powerful and best serving real estate company in the market. The owner of PURE is a 5B hedge fund that I could not be more proud to be a part of. I am now able to offer you services that I was never able to before and that no other office in the county can offer. With access to their in house marketing, council, architects, designers, construction and analyst department I will provide you the services that will make your buying/selling/building/development experience the best possible.
In addition to some of the services mentioned above, I also have access to ALL of the current tenants renting from DIXON ADVISORY. For sellers this is the most amazing tool.The tenants are class A credit tenants that are renting in Hoboken, Jersey City Weehawken NYC, Brooklyn, Harlem etc… these are our buyers!!! Not only am I able to shop them your property, I can have them exit their lease at no penalty.
Over the next few weeks I will be sending out information on the new company. This platform will change the way real estate serves YOU.
Please see article below on the owners of PURE PROPERTIES.
From Australia With Love: Dixon Leasing Puts Down Roots in Jersey City
While the construction clatter of new high-rises is reshaping Jersey City’s skyline, that revitalization is being complemented by other developers like Dixon Leasing, who have focused on smaller properties in the city’s older neighborhoods.
The company, a subsidiary of Australia-based Dixon Advisory, is a major player betting big on Jersey City’s rebirth. Dixon has been expanding their already significant presence in the city over the last few years, buying up smaller residential properties, giving them some TLC and then renting them out to tenants.
The company was paying close attention to the U.S. housing market in 2007 following the burst of the real estate bubble. Dixon COO and Executive Director David Orr says that when U.S. housing prices fell for a fifth straight year, the company felt there was amazing value to be had.
“From a macro perspective, we liked the New York metropolitan market’s fundamentals,” Orr says. The company spent about six months doing their due diligence in the area before concluding that Hudson County was the place that they were the most comfortable investing in.
In addition to the company’s Jersey City portfolio, Dixon owns properties in New York City neighborhoods like Harlem, Bedford-Stuyvesant, Bushwick, and Cobble Hill. They also own about 120 properties combined in Bayonne, Hoboken, and Weehawken.
Dixon’s portfolio in Jersey City is quite varied. The company has a significant presence in neighborhoods like Bergen-Lafayette and Greenville, but has also started investing in Downtown and The Heights. “We reached a point where we felt like we had sufficient exposure to some neighborhoods,” Orr says, explaining why Dixon chose to diversify their holdings.
The company’s focus is on acquiring older 1-to-4 family homes and transforming them with high-end renovations. Orr says that when possible, Dixon loves bringing back the historical details of properties, which often means putting a modern touch on their original use.
One of those renovations will be starting soon Downtown. Dixon is slated to revive the Bethesda Baptist Church at 162 Mercer Street, which was damaged in a fire back in 2007. The project will renovate the 113-year old building into an 8-family residential building, completely restoring the church’s exterior facades, repairing the structure’s distraught brick and re-introducing the original slate roof.
While the company has primarily focused on smaller properties and renovations, Dixon has also looked at a number of larger scale, ground-up construction projects. While they haven’t found the right fit yet, Orr says Dixon is an “evolving company” and would welcome the chance when the time is right. “We have a fully integrated architecture, design and construction team with a wealth of experience…so we will continue to look at any opportunity that comes up.”
The neighborhood Dixon is most excited about is The Heights, where the company just finished renovating a spectacular home on Ogden Avenue that includes a rooftop pool. “The fundamentals are all there – there’s the Light Rail providing easy access to the PATH and buses to Midtown, quality housing stock, quiet residential streets, plenty of parking and there’s a great feel to the community.,” Orr says.
Right now, Orr says the company has been finding the most value in The Heights and Bergen-Lafayette. But long-term, Dixon is bullish on Greenville. “The real estate [there] is incredibly cheap given its proximity and excellent commuting to Manhattan.”
Despite the positivity, one issue that concerns Dixon is Jersey City’s transportation infrastructure. “For Jersey City to really excel, we think the transport options continually need to be assessed, prioritized and improved,” Orr says, noting congestion issues on roads, tunnels, and the PATH train. He says the company is keeping a close eye on the impact of the Port Authority’s new PATH signaling system and the popularity of services like Uber and Citibike, which can help relieve congestion and take cars off the road.
Despite those transportation concerns, Dixon remains strongly committed to Jersey City. Many of the company’s employees, including CEO Alan Dixon, call it home and Orr is also sold on the market’s direction.
“In the time we have been here, we have seen massive changes and feel that we are right at the beginning of a citywide change in prosperity that could continue for a generation,” Orr says. “Jersey City is no longer a hidden gem known only to locals; it’s a destination that’s being talked about and explored by people from all over NYC, the country and as we’ve shown the world.”
Professional New Jersey Realtor Associate Patrick C. Southern, is a seasoned veteran boasting 20+ solid years of experience (and has been a top producing agent for the past 10 years consecutively). Presently, Patrick is procuring sales in a wide range of areas across North Jersey and is the #1 producing realtor in Hudson County with over 2000 homes sold throughout his career to date. Impressively, in today's rapidly changing real estate market Patrick's business has actually increased by 20% every year for the past 4 years.
Patrick's success in closing transactions can be attributed to a multitude of significant factors including his exceptional work ethic, his continuous effort to educate himself in his field daily, his highly qualified team (including buyer's agent & transaction manager) and his extraordinary database of resources in his fie ld, related to his field and beyond.
Being a lifelong NJ resident, experienced realtor, property owner and investor himself, Patrick has a deep rooted understanding of the NJ market; but most importantly, Patrick always has his clients’ best interest in mind and by setting realistic goals Patrick is able to not just list your home but ultimately sell your home. Patrick is best known for his proactive approach to sales and his undeniable ability to get the job done.
Downtown Jersey City homeowners nervously welcomed the New Year cogniz
"Patrick Southern listed and sold my Hoboken condo and I could not have been happier. We talked a number of times over three years as I rented out the property as an investment. As soon as I was ready to pull the trigger and list, Patrick was there to work with me every step of the way from determining the list price, to discussing a sale strategy, to completion of the sale. I received multiple offers and was very pleased with the offer and price I ultimately accepted. I live in San Francisco and so it was of the utmost importance that I have an agent who I could trust to run the show from 3000 miles away. Patrick and his stellar staff did just that--taking care of necessary details, getting documents as necessary to me on the West Coast, communicating with me in a timely manner despite the time difference, and generally making the process smooth for me even though I was far away. I am an agent myself in San Francisco and so I know how great Patrick is. Highest marks for knowledge of the market, professionalism, and responsiveness."