Category Archives: New Development

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

Everyone hates affordable housing

From the Jersey Journal: Court win for developer of micro units opposed by neighbors The four-year fight over a micro-unit building slated for Downtown Jersey City is finally over, with the New Jersey Supreme Court this month declining to hear … Continue reading

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

Do or die time

From NJBIZ: NJ’s challenged suburban economy is now in crisis courtesy of Congress New Jersey is the most suburban state in the nation, which means plenty of malls and office parks. Not too long ago these properties helped make New … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate, Property Taxes | 107 Comments

Silly Valley

From the Star Ledger: Assembly speaker-elect: We can make N.J. the new Silicon Valley They all came from the same place — the transistors that powered radio to the digital cellular that powers our smartphones, fiber optics to LCD technology, … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 102 Comments

Light Reading for Thanksgiving Morning

From ROI-NJ: Smart Growth coalition offers Murphy blueprint for economy For all the talk of attracting companies, the fact remains that the state has a land supply problem, especially in Northern New Jersey. Consider this: If a manufacturer wanted to … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate, Politics | 26 Comments

New life into old suburbs?

From LoHud: Study: NYC suburbs could use 250K more transit-oriented homes The solution to rising housing prices in the New York metro area could be the addition of 250,000 homes to the city’s suburbs over the next 20 years, according … Continue reading

Posted in Demographics, Economics, New Development, North Jersey Real Estate, NYC | 49 Comments