Blue Asset Management Offering Real Estate Portfolio for Sale in New Jersey
Blue Asset Management LLC is offering an investment portfolio consisting of small and mid-cap performing, sub and non-performing real estate related assets in New Jersey. - February 09, 2016
Blue Asset Management LLC Opens Office Servicing Detroit Michigan Real Estate Market
Blue Asset Management LLC has entered the Detroit Michigan real estate market. The fund announced the formation of Blue Asset Management Midwest, LLC, based in Southfield, Michigan. The company closed on its first investment in the local market in June 2015, purchasing a 50 unit garden apartment... - February 02, 2016
Blue Asset Management LLC Opens New England office
New Jersey based Blue Asset Management LLC, a leading small and mid-cap mortgage disposition firm dealing in non-performing commercial mortgage debt, has recently opened a second office in Hingham Massachusetts expanding the company’s northeast footprint to seven states. Matt Galvin, local real estate operator, was named managing director. - October 10, 2014
Blue Asset Management LLC Offers $8.2 Million in Performing Commercial Mortgage Loans for Sale
Blue Asset Management LLC is offering 27 commercial first mortgage loans with an unpaid principal balance of just over $8.2 million dollars. The loans are collateralized by commercial properties located in northern and central New Jersey. According to Charles Blumenkehl, President and CEO of Blue... - July 21, 2013
Blue Asset Management LLC Offers Rahway Commercial Property for Sale
Wayne-based Blue Asset Management LLC is offering an app. 8,000 square foot commercial building for sale located in downtown Rahway,, New Jersey. Charles Blumenkehl, CEO of Blue Asset Management LLC, said “We are offering a unique opportunity for an operator or re-developer to leverage the... - April 21, 2013
Blue Asset Management LLC Offers Elizabeth, NJ Apartment Building for Sale
Blue Asset Management LLC, a buyer and seller of mortgage notes and investment real estate in New Jersey, is offering a 12 unit apartment complex for sale near Liberty Square in Elizabethtown, New Jersey. The property was part of a group of over 50 commercial real estate assets acquired from a... - April 05, 2013
Blue Asset Management LLC Expands Mortgage Loan Sales
Blue Asset Management LLC is offering numerous delinquent and non-performing first mortgage loans collateralized by small and mid-sized commercial real estate in New Jersey. The mortgages are being offered for sale to individual investors seeking to reposition the property or the loan as the real... - March 18, 2013
Blue Asset Management LLC offers Medical Office for Sale in East Orange
Blue Asset Management LLC, a New Jersey based real estate fund, is offering a medical office for sale near the Clara Maass Medical Center in the city of East Orange. According to Charles Blumenkehl, managing partner at Blue Asset Management, “We are pleased to be able to return this well... - November 18, 2012
Blue Asset Management LLC to Offer Mortgages for Sale in Hudson County New Jersey
Blue Asset Management LLC, an investor and sub-servicer of commercial mortgages, announced they are offering for sale a pool of first mortgage loans collateralized by properties valued in excess of $6 million and located in Hudson County. According to Charles Blumenkehl, managing partner of Blue... - November 05, 2012
Blue Asset Management Selling Performing Mortgages in New Jersey
(Wayne) Blue Asset Management is selling a portion of its existing first mortgage portfolio consisting of performing mortgages collateralized by properties in New Jersey. According to Charles Blumenkehl, managing partner of Blue Asset Management LLC, “We are offering performing first... - April 10, 2012
Blue Asset Management LLC Offers Performing and Non Performing Mortgages and Notes for Sale Throughout New Jersey
Blue Asset Management LLC, a real estate management and asset disposition company operating in New Jersey and Florida, announced it is offering in excess of $15 million in performing and non performing first mortgage loans collateralized by properties in New Jersey. - April 05, 2012
Blue Asset Management LLC Sells Jersey City Apartments
Blue Asset Management LLC has sold an apartment building in the Heights section of Jersey City, New Jersey. The building was part of a package of loans purchased by Blue Asset Management which the company took title to in early 2011. - April 05, 2012
Blue Asset Management Sells Jersey City Property
Charles Blumenkehl, managing partner of Blue Asset Management, said his company recently sold an apartment building in the West Bergen section of Jersey City, New Jersey. The building had been purchased as part of a package of distressed multi family apartment buildings acquired by Blue Asset... - August 15, 2011
Blue Asset Management LLC Closes on Williamstown Property
Charles Blumenkehl, managing partner of Blue Asset Management LLC said his company had sold its last property in Gloucester County, located in Williamstown. - August 11, 2011
Blue Asset Management LLC Shows Confidence of Real Estate Recovery with Continued Real Estate Investments
Charles Blumenkehl of Blue Asset Management says the real estate market and property values will recover in the next two to three years, and his fund is backing up his forecast by aggressively purchasing real estate assets throughout northern New Jersey. - April 19, 2011
Blue Asset Management Going Green
Charles Blumenkehl of Blue Asset Management LLC says his company has a responsibility to be eco-friendly and do their part to contribute to a safer environment. - April 17, 2011
Blue Asset Management Bullish on Multi Family Housing
According to Charles Blumenkehl, managing partner of Blue Asset Management LLC, multi-family housing has become more desirable as an investment for the company as it seeks to take advantage of the lower market values and rental demand in today’s current real estate environment. - April 05, 2011
Blue Asset Management LLC Adds Online Rent Payment to Platform
Charles Blumenkehl, managing partner for Blue Asset Management LLC, announced his company has made online rent payments available to its tenants via its property management online platform. According to Charles Blumenkehl , “As more households make more of their monthly payments online, we... - April 02, 2011
Blue Asset Management Closes on Barrington Property
Charles Blumenkehl, managing partner of Blue Asset Management LLC, announced his fund has sold its holdings in Barrington, New Jersey. According to Blumenkehl, “After closes on millions of dollars of non-performing mortgages and distressed property throughout New Jersey, we began to... - April 01, 2011
Blue Asset Management Sells Millville Property
Charles Blumenkehl, managing partner for Blue Asset Management LLC, announced his company has sold its last remaining Cumberland County property in Milleville, New Jersey. According to Blumenkehl, the property, a vacant multi family structure in need of rehabilitation, was acquired through... - March 28, 2011
Blue Asset Management LLC Weathers Floods in Northern New Jersey
With rental properties throughout northern New Jersey, Blue Asset Management had its share of problems resulting from the recent flooding in the area. - March 26, 2011
Blue Asset Management LLC Sees Appraisals Creating Difficulties in Closing Transactions
Charles Blumenkehl, managing partner for Blue Asset Management LLC, sees home appraisals causing difficulties for buyers trying to obtain mortgages on their dream homes and consequently for sellers of real estate in today’s market. According to Blumenkehl, “On the one hand, home values... - March 03, 2011
Blue Asset Management Sees Real Estate at Its Most Affordable Level in Over 20 Years
According to Charles Blumenkehl, managing partner for Blue Asset Management LLC, purchasing real estate today as it relates to income is at its most affordable levels since before 1989. - March 02, 2011
Blue Asset Management Sees Buyers Favoring Smaller Houses over McMansions
Charles Blumenkehl, managing partner of Blue Asset Management LLC sees buyers favoring smaller and more energy efficient homes with lower costs over larger "McMansion" type properties. According to Blumenkehl, “The trend for buying smaller more practical housing has been increasing... - March 02, 2011
Blue Asset Management Sees Lease to Buy Making Sense in Today’s Real Estate Marketplace
According to Charles Blumenkehl, managing partner of Blue Asset Management, the lease to buy scenario has become an acceptable alternative for some of today’s market participants. - February 22, 2011
Blue Asset Management Sees Home Prices Stabilizing in New Jersey
Charles Blumenkehl, managing partner for Blue Asset Management LLC, says home prices in New Jersey have been stabilizing and are even experiencing gains in certain markets. According to Blumenkehl, “Home sales have been recovering since the fourth quarter of 2010, and the trend is continuing... - February 19, 2011
Blue Asset Management in Market for New Jersey Apartment Buildings
Blue Asset Management LLC, buyer of mortgages, distressed and investment real estate in New Jersey, is seeking to buy apartment complexes and buildings in northern New Jersey. According to Charles Blumenkehl, managing partner for Blue Asset Management LLC, “We believe we are reaching the... - February 15, 2011
Blue Asset Management Sells Bergenfield Property
Charles Blumenkehl, managing partner of Blue Asset Management LLC, announced his fund has sold a multi family property it owned in Bergenfield, New Jersey. - February 03, 2011
Blue Asset Management Selling Millville property
Charles Blumenkehl, managing partner at Blue Asset Management LLC, announced that his fund has listed for sale its remaining Millville asset, a multi family property near the downtown area. According to Blumenkehl, “Millville is a semi-urban setting that provides for excellent long term... - February 02, 2011
Blue Asset Management LLC Purchases East Orange Multiple Family Conversion Property
Charles Blumenkehl, managing partner of Blue Asset Management LLC, announced the company bought a multi-family conversion near Route 280 in a quiet suburban street in East Orange. According to Charles Blumenkehl, "We are pleased to have been able to help the former owner liquidate the... - February 01, 2011
Blue Asset Management Purchases Belleville Multiple Unit Property
Charles Blumenkehl, managing partner of Blue Asset Management LLC, announced the company bought a multi-family property in the city of Belleville. According to Charles Blumenkehl, “We are pleased to have been able to help the former owner liquidate the property quickly and without any... - February 01, 2011
Blue Asset Management Sees Increase in Sales Activity and Predicts Strong Spring Market
Charles Blumenkehl of Blue Asset Management LLC said inquiries and offers on their properties listed for sale have increased this month. - January 31, 2011
Blue Asset Management Selling Williamstown and Barrington properties
Charles Blumenkehl of Blue Asset Management LLC said his fund listed properties for sale in Williamstown ands Barrington New Jersey. - January 30, 2011
Blue Asset Management LLC Lists Buildings for Sale in Hudson County, NJ
Charles Blumenkehl of Blue Asset Management LLC announced his company has listed for sale two newly renovated multi family properties in Hudson County, NJ. - January 25, 2011
Charles Blumenkehl of Blue Asset Management LLC Sees Demand for Residential Rentals Increasing
Charles Blumenkehl, managing partner for Blue Asset Management LLC says his company is seeing more demand for residential rental properties and believes this trend will dramatically increase in the next few years. - January 19, 2011
Blumenkehl Supports National Association of Realtors "Home Ownership Matters" Campaign
Charles Blumenkehl, managing partner at Blue Asset Management LLC, is supporting the "Home Ownership Matters" campaign currently being initiated by the National Association of Realtors. - January 17, 2011
Blue Asset Management LLC Sells Millville, New Jersey Property
Charles Blumenkehl, managing partner for Blue Asset Management LLC announced that his company has sold their interest in a property near the downtown section of Millville, New Jersey, in Cumberland County. According to Charles Blumenkehl, "Our decision to sell our Millville property is... - January 17, 2011
Blumenkehl Sees Delinquent Borrowers Slowing Foreclosure Process
According to Charles Blumenkehl, managing partner for Blue Asset Management LLC, "A percentage of long-delinquent borrowers are taking advantage of every opportunity they can to extend the mortgage foreclosure process while staying in their houses without having to pay their mortgage, taxes... - January 15, 2011
Blumenkehl Predicts Higher Number of Commercial Foreclosures in 2011
Charles Blumenkehl, managing partner for Blue Asset Management LLC, predicts a higher rate of commercial backed mortgage foreclosures in 2011. According to Blumenkehl, "Many of the Commercial Mortgage Backed Securities that were popular toward the end of the real estate boom years ending in... - January 14, 2011
Blue Asset Management Finding Difficulty Closing Resales Due to Loan Restrictions
Charles Blumenkehl of Blumenkehl Companies and Blue Asset Management LLC believes loan restrictions placed on mortgage lending is slowing the real estate recovery. - January 12, 2011
Blue Asset Management LLC Closes on North Bergen, New Jersey Multi-family Property
Charles Blumenkehl of Blue Asset Management LLC announced his company has purchased and closed on a multi-family property in North Bergen New Jersey which they contracted to purchase late December. - January 07, 2011
Blue Asset Management LLC Releases Its 2011 Property Management Investment Report
Charles Blumenkehl, managing partner for Blue Asset Management, announced his fund has released its 2011 Property Management Investment Report highlighting strategies and programs the fund plans on in 2011. - January 01, 2011
Blue Asset Management LLC Moves to Wayne, New Jersey
(Wayne) Charles Blumenkehl, managing partner for Blue Asset Management LLC, announced his fund is moving their offices from Riverdale, New Jersey to a building acquired in Wayne, New Jersey. Blumenkehl says the move will be complete at the beginning of January, 2011. Blumenkehl said the move is... - January 01, 2011
Blue Asset Management Seeks to Restructure Mortgage in Sussex County
Charles Blumenkehl, CEO of Blumenkehl Companies and managing partner of Blue Asset Management LLC, announced his company is completing a mortgage restructuring for property owned in Sussex County New Jersey. The property was purchased in 2005 at which time they originated a 6.5% mortgage through... - December 31, 2010
James Boyle Joins Blue Asset Management LLC
Charles Blumenkehl, managing partner at Blue Asset Management LLC, has announced that James Boyle, leadership coach and active Realtor in Essex County, has joined Blue Asset Management LLC as an asset manager for the company. James, a lifetime New Jersey resident, received his undergraduate degree... - December 27, 2010
Blumenkehl Companies Announce $2 Million Commitment in Paterson, New Jersey
Charles Blumenkehl announced his company is committing to purchase and manage holdings in excess of $2 million in the city of Paterson in 2011. - December 26, 2010
Blue Asset Management Encouraged by Paterson, New Jersey and Other Inner City Holdings
Blue Asset Management LLC is almost completely occupied on all its multi-family apartment buildings in Paterson, New Jersey, according to Charles Blumenkehl, CEO and managing partner for Blue Asset Management. - December 16, 2010
Blue Asset Management LLC Markets Gloucester and Cumberland Properties in New Jersey
Blue Asset Management LLC, managed by Charles Blumenkehl CEO, has announced his company is divesting its portfolio of properties currently owned by the fund in Gloucester & Cumberland Counties. - December 14, 2010
Blue Asset Management Sees Speculators and First Time Buyers Now Competing for Foreclosed Residential Housing
According Charles Blumenkehl, managing partner of Blue Asset Management LLC, foreclosures which were once almost solely the target of real estate speculators, now are finding themselves competing with first time home buyers seeking opportunities in residential residential real estate. - December 12, 2010
Blue Asset Management LLC Leases 90% of Current Paterson Projects
According to Charles Blumenkehl, CEO and managing partner of Blue Asset Management LLC. the company has completed rental agreements for 90% of the projects it has recently acquired in the Paterson New Jersey area. According to Blumenkehl, "Having grown up in the Paterson area, I know well the... - December 12, 2010