The Maxal Group Inc.

1500 Harbor Boulevard Weehawken 237 units ,615 River Road Edgewater 1876 units in development.

Edgewater Hess site primed for redevelopment by The Maxal Group. Clearing the ground last week at 615 River Road in Edgewater, longtime site of a Hess oil tank farm. One of its new owners specializes in remediating soil.

With Manhattan rents continuing to rise, Brooklyn and Queens and Gold coast of New jersey experienced a surge of new rentals during the month of July, according to Bruce Sturman of The Maxal Group .

Maxal's Managing Director Bruce Sturman says 2014 value of Real Estate properties are at 2007 levels

Bruce Sturman of Maxal Group 1st mortgage 88 Richardson Williamsburg .

New York is the biggest real estate investment market in the world , says Bruce Sturman.

About 15,300 new rental units are under construction says Bruce Sturman of The Maxal Group.

The site, located at 88 Richardson Street just south of McCarren Park, has at least 150,000 buildable square feet and could expand beyond that if the proposed development included affordable housing.

Bruce Sturman says we might experience an increase in property values based on better fundamentals including rent increases in 2012.

While it is not yet known if the project would be condominiums or rentals, the construction is slated to begin in the next 12 to 24 months, according to Bruce Sturman, managing director at the Maxal Group, the first mortgage lender on the building.