search

The Real Deal Logo

Trending

HGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHousing deal finally passes; here are the detailsHousing deal finally passes; here are the detailsGlossier founder is buyer of $22M Brooklyn townhouseGlossier founder is buyer of $22M Brooklyn townhouseDevelopers have a new tax break. Now they must figure it outDevelopers have a new tax break. Now they must figure it out
New York

SJP Properties is playing both sides of the Hudson

Developer continues massive building streak in NJ, despite a growing list of Manhattan projects

SJP Properties executives: Steven Pozycki, the founder, seated. Standing, left to right: Allen Goldman, Jeffrey Schotz, David Welch and Enrique Alonso.
SJP Properties executives: Steven Pozycki, the founder, seated. Standing, left to right: Allen Goldman, Jeffrey Schotz, David Welch and Enrique Alonso.

From the New Jersey Market Report: Steven Pozycki is Jersey to the core. So is the firm he founded, SJP Properties, long based in Parsippany, New Jersey. So it surprised some industry insiders when the executives moved a few years ago into 11 Times Square, a Manhattan office building they own.

Sign Up for the undefined Newsletter

Yet the shift wasn’t as dramatic as it sounds. Although the C-Suite moved to New York City to keep an eye on its expanding list of projects there, the vast majority of the employees remained in the Parsippany headquarters. And the development focus remains in the Garden State. “We certainly haven’t forgotten about New Jersey,” said Pozycki, SJP’s chairman and CEO. [more]

Tags
SJP Properties