Category Archives: New Development

The office building is dead, long live industrial and warehouse

From the Record: N.J. industrial vacancy rate hits record lows As consumers increasingly shop online, the stuff they buy is filling up New Jersey warehouses, pushing industrial vacancy rates to historic lows, Cushman & Wakefield reported Monday. The vacancy rate … Continue reading

Posted in Economics, New Development, New Jersey Real Estate | 169 Comments

East Orange the next big thing?

From the Star Ledger: Is $12M real estate sale sign that East Orange could become millennial hot spot? When millennials searching for walkable, transit-oriented communities are priced out of high rises in Hoboken and Jersey City, will they head to … Continue reading

Posted in Housing Recovery, New Development, New Jersey Real Estate | 115 Comments

Trading lawns for square footage

From the Atlantic: The Shrinking of the American Lawn The American house is growing. These days, the average new home encompasses 2,500 square feet, about 50 percent more area than the average house in the late 1970s, according to Census … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development | 57 Comments

JC the new heart of the gold coast?

From the NY Times: Jersey City: Growing, With Many Personalities Elizabeth and Nick Flint were apartment hunting in Brooklyn two years ago when a friend suggested they consider Jersey City instead. The couple, who were renting in Williamsburg, wanted to … Continue reading

Posted in Demographics, Economics, Housing Recovery, New Development, NYC | 60 Comments

How much further does the Gold Coast have left to run?

From the Real Deal: Land ho! The Gold Coast of New Jersey has gotten so hot for developers in recent years that in many areas near the waterfront there is hardly any land left to go around. The land grab … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, New Development, New Jersey Real Estate | 57 Comments

Casino!

From the WSJ: Debate Heats Up Over Gambling for Northern New Jersey After a bitter battle over a proposed state takeover of Atlantic City, supporters of a gambling expansion are ramping up efforts to convince voters to allow two new … Continue reading

Posted in New Development, New Jersey Real Estate, Politics | 11 Comments

A Flipper Cooker?

From CNBC: House flipping heats up, creating ‘home price pressure cooker’ It looks so easy on TV. Buy a bargain-basement house, pull up some nasty carpet, re-tile the bathroom, paint away the wall stains and sell it for a hefty … Continue reading

Posted in Housing Bubble, National Real Estate, New Development | 81 Comments

Warehousing Seniors Cheaply

From the NYT: New Jersey Groups Convert Empty Buildings Into Homes for Seniors Walk the halls of the Senior Residence at St. Peter the Apostle and you can see remnants of the convent that once was. The modestly sized rooms … Continue reading

Posted in New Development, New Jersey Real Estate | 77 Comments

Sandy wrecks go cheap

From the Record: Buyers line up for 400 homes wrecked by Superstorm Sandy Matt Price and his wife, Carla, are gambling that the devastation inflicted by Superstorm Sandy will be their key to the American dream of home ownership. The … Continue reading

Posted in Housing Recovery, New Development, Shore Real Estate | 53 Comments

The key to growth

From the Record: Population rebounds around train stations in N.J. When Kevin Eleby started commuting by train to New York City in 2001, the station in downtown Paterson was nearly empty. Every morning he climbed the stairs to the platform … Continue reading

Posted in Economics, Housing Recovery, New Development, New Jersey Real Estate | 21 Comments

Early indicators of the next building boom?

From HousingWire: March job creation bodes well for housing inventory crisis March job numbers brought welcome news as more jobs were added to the construction market, which bodes well for the current lack of inventory in the market. Job creation … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate, New Development | 85 Comments

This? Again? 4th time is a charm.

From the NY Post: Get your summer on in this new Jersey Shore condo On the hunt for a nifty summer pad? Perhaps head south — to the Jersey Shore, that is. Asbury Park — an edgy-cool seaside town about … Continue reading

Posted in New Development, Shore Real Estate | 60 Comments

Valentines Day Massacre

From the Star Ledger: Here’s what happened to those 100 lots Newark gave away last Valentine’s Day This time last year, John Errico and Shannon Guy took what they believed would be the first step toward their shared dream. Newly … Continue reading

Posted in Housing Recovery, New Development, New Jersey Real Estate, Politics | 90 Comments

Move over Brooklyn

From the NYT: Moving to Jersey City? Join the Club. Jersey City is no longer just another gritty town on the wrong side of the Hudson River, dismissed by apartment hunters. As its population soars, new housing rises and buyers … Continue reading

Posted in Housing Recovery, New Development, NYC | 133 Comments

No Suburb Left Behind

From the WSJ, hat tip Chi: Casualty of Cities’ Resurgence: The Suburban Offices Left Behind Companies from General Electric to Weyerhaeuser are pulling their headquarters out of leafy suburban campuses and moving to downtown high-rises, giving cities an economic jolt. … Continue reading

Posted in Demographics, Economics, Employment, New Development, North Jersey Real Estate, Property Taxes | 147 Comments