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Coldwell Banker announces Seven New For Sale and Approved Projects Availalbe in NJ

Wednesday, October 13, 2010 / Coldwell Banker New Homes & Condominiums

PARSIPPANY, NJ, OCTOBER 13, 2010 – Seven “For Sale” and approved new home properties are now available through Coldwell Banker New Homes & Condominiums, one of the nation’s largest award winning residential brokerage firms, announces Bruce Morrow, acquisition specialist for the division. The seven projects range from four to more than 51 acres and are ready for a builder to work in partnership with the owners to create new condominium or townhome collections in Morris, Somerset, Monmouth and Cumberland Counties.  Prices for the projects range from $1.5 to $37 million for a total of more than $55 million.


“We already know there is a lack of approved new home projects ready to meet the pent-up demand,” explains Morrow.  “National and local statistics indicate approximately 20,000 plus new homes will be in demand annually through 2015.  These properties represent an exceptional opportunity for a builder or group who wish to be positioned and ready for the housing recovery.  What’s more, the owners of the properties are willing to work with builders in partnership to assist in planning and finance.”


Three of the properties are fully approved, one is in the approval process and one is approved with partial improvements such as roads, a bridge and water and sewer already in place.


Morrow further points out that through Coldwell Banker New Homes & Condominiums’ exclusive Research Driven Sales program, marketing feasibility studies have already been completed for each project and can be made available to the potential buyers.  “Through our professional service,” Morrow explains, “we have already finished the marketing and sales ground work and can assist any buyer in putting together and running an individualized and comprehensive sales and marketing plan. Our award winning approach and ability to utilize the expertise of our nationally acclaimed sales professionals are yet another value to these potential new home developments.”


For additional information on these new home development properties or how Bruce Morrow and Coldwell Banker New Homes & Condominiums can assist you in your new business development or sales and marketing plans, please contact him direct on his cell at (862) 219-2911 or visit the award winning website


About Bruce Morrow, acquisition specialist for Coldwell Banker New Homes & Condominiums

Morrow provides a wealth of real estate experience and skills.  Since joining Coldwell Banker in June, he has brought in more than $55 million worth of new home construction developments for sale.


Previously, he served as a new business development consultant for one of the largest independently owned real estate companies in the U.S. and assisted in the creation of its New Homes Division.  Within an eighteen month period there, Morrow was instrumental in assisting the firm in the acquisition of new construction developments which totaled more than 4,000 units resulting in $1.5 billion in gross sales.


Throughout his career in sales, marketing, property management and business ownership, Morrow has consistently increased business and sales volume for each firm he has worked for including small start-up companies and larger firms.  He has increased profits and maintained targeted profit margins for numerous firms through successful new business procurement and sales.  He is highly proficient in working with all levels of a company’s team from upper management to its sales force, and has been actively involved in training numerous award winning sales teams.  He is also the author of a number of sales training manuals and on-site community sales manuals.  As the owner of Distinctive Modular Homes, he created more than 50 cost effective and efficient new modular homes throughout Hunterdon and Warren Counties.


Morrow is a licensed real estate broker in New Jersey, Pennsylvania, North and South Carolina and Georgia.  He holds an Accredited Buyers Representative (ABR) designation and is a founding member of the National Association of Realtors’ Property Management Division.  He serves as Chairman of the Califon Borough Planning Board and has basic land use law and planning skills.


About Coldwell Banker New Homes & Condominiums

Coldwell Banker New Homes & Condominiums currently supervises the sales and marketing of more than 100 sites in New Jersey and New York.  During 2009 the division was responsible for more than 400 new home sales in excess of $250 million.  During the last 15 years, the division has been responsible for the sales and marketing of more than 25,000 new homes and condominiums ranging from custom single family homes to multi unit townhome and condominium communities.


Coldwell Banker New Homes & Condominiums was formed to create a relationship with the builder community that would be mutually beneficial and devoted to furthering the professionalism of the sales and marketing aspect of the residential construction business.  As part of its efforts to achieve this goal, the division’s employees are constantly investing in new tools and developing new strategies to provide the best new home sales and marketing services available. They understand the specific needs of individual builder partners and work with them to construct custom programs to meet their goals.  Its employees are also active members of several state and local Builder Associations.


The division also formed Coldwell Banker Auction Division ( to assist both buyers and sellers in an accelerated sales approach to reduce marketing time and expenses.  For additional information on Coldwell Banker Auction Division, please visit the website at or call Division Manager Joseph Zidek at 1-800-U-CAN-BID (1-800-822-6243.)


Coldwell Banker New Homes & Condominiums is an integral part of Coldwell Banker Residential Brokerage in New Jersey and Rockland County, New York, a leading residential real estate brokerage company, which operates 60 offices with more than 3,600 sales associates serving communities from Rockland County, N.Y. to Monmouth County, New Jersey. Coldwell Banker Residential Brokerage in New Jersey and Rockland County, N.Y. ( is part of NRT LLC, the nation’s largest residential real estate brokerage company.  NRT, a subsidiary of Realogy Corporation, operates Realogy’s company-owned real estate brokerage offices.


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