Category Archives: New Development

At least someone wants to be here

From the WSJ: New Jersey Landlords Can’t Keep Up With Demand For Industrial Space Industrial space in New Jersey is so hot that lease deals are drying up. Across the state, which has become a major logistics hub for online … Continue reading

Posted in Economics, New Development, New Jersey Real Estate | 110 Comments

Has Newark made it?

From Bloomberg: A $1 Billion Real Estate Boost for Battered Newark SJP Properties and Aetna Realty are planning to spend as much as $1 billion on a project beside a Newark, New Jersey, commuter-rail hub, the latest in a spree … Continue reading

Posted in Economics, Employment, New Development, New Jersey Real Estate | 63 Comments

Out with retail, in with industrial

From Real Estate Weekly: Developers struggling to meet demand for New Jersey industrial space New Jersey can’t keep up with demand for industrial space, according to Duke Realty leasing vice president Ben Rosen. “There are no buildings available under 300,000 … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 28 Comments

Large scale development possible in Jersey?

From Centraljersey.com Sayreville will build ‘largest mixed-use project in New Jersey history’ Development is moving forward on a 418-acre, $2.5 billion mixed-used development in Sayreville. Riverton, a mixed-use project that will be located by the Raritan River and total 5 … Continue reading

Posted in New Development, New Jersey Real Estate | 98 Comments

Uh Oh

From Bloomberg: Manhattan Home Sales Tumble Most Since 2009 as Buyers Push Back Home sales in Manhattan plunged by the most since the recession as buyers at all price levels drove hard bargains and were in no rush to close … Continue reading

Posted in Economics, Housing Recovery, New Development, NYC | 134 Comments

It’ll sit empty for decades…

From the Record: Toys R Us collapse creates large corporate office vacancy in Wayne The collapse of Toys R Us has placed a big question mark on a large tract of forested woodland in the heart of Wayne. Toys R … Continue reading

Posted in Economics, New Development, New Jersey Real Estate, Politics | 93 Comments

Let me guess, we’re going to pay for it.

From the Star Ledger: It’s ‘The Hub,’ and Murphy swears it will help make us a tech magnet It’s called “The Hub” — a redevelopment project in New Brunswick that Gov. Phil Murphy says will help realize his goal of … Continue reading

Posted in New Development, New Jersey Real Estate | 95 Comments

Roof and siding just got a little cheaper

From the Record: No permit required: That roofing and siding job just got cheaper in New Jersey Rules that took effect on Monday should have contractors in New Jersey raising the roof, since it’s no longer necessary to purchase a … Continue reading

Posted in New Development, New Jersey Real Estate | 117 Comments

NJ 2017 Flip Rate – 6%

From NJ1015: WHY NJ HAS BECOME A HOT SPOT FOR FLIPPING HOUSES Flipped homes represented more than 6 percent of all New Jersey home sales in 2017. More than 7,500 one-family properties that exchanged hands last year already had a … Continue reading

Posted in New Development, New Jersey Real Estate | 130 Comments

“Homeownership has lost its allure”

From the Star Ledger: Who wants to buy a home in New Jersey? And what happened to the American Dream It used to be part of the American Dream — the cute house in the suburbs with a garage and … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 85 Comments

Wrong way people

From Newsweek: WHY ARE PEOPLE LEAVING CITIES? U.S. MAYORS BLAME HOUSING COSTS Mayors across the United States say that housing costs are the biggest reason that people are moving away from cities, according to a new survey released Tuesday. According … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate, New Development | 58 Comments

Hackensack is hot?

From the NY Times: Hackensack, N.J.: Small, Ethnically Diverse and Affordable Hackensack, N.J., could not have been farther off the radar screen when Bibi Masara and her two teenagers began looking to move from the Bronx. Ms. Masara, 41, who … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 43 Comments

Make NJ Cool Again

From the APP: Phil Murphy wants to spark NJ economy, but how? New Jersey’s economy looks far different than it did when the Great Recession struck a decade ago, but its long-standing problems are firmly in place, academic and business … Continue reading

Posted in Economics, New Development, New Jersey Real Estate, Politics | 87 Comments

Pyrrhic victory?

From the Star Ledger: N.J. Legislature clears way for $5B in Amazon tax breaks The state Legislature on Monday embraced Gov. Chris Christie’s plan to offer Amazon $100,000 per job it creates should it build its sought-after second headquarters in … Continue reading

Posted in Economics, New Development, New Jersey Real Estate, Politics | 88 Comments

Uh, no. Sorry.

From the Morning Call: Will tax cuts spur another New Jersey surge into the Lehigh Valley’s housing market? As the 2008 housing crisis eased, Easton Realtor Clay Mitman saw New Jersey residents looking to relocate to the Lehigh Valley become … Continue reading

Posted in New Development, New Jersey Real Estate | 44 Comments