Category Archives: New Development

Has Asbury made it?

From the NY Post: Jersey Shore’s Asbury Park returns to its glory days Few towns along the Jersey Shore have enjoyed a more visible beachfront revival over the past few years than Asbury Park, the vibrant summer enclave about 60 … Continue reading

Posted in Demographics, Economics, New Development, Shore Real Estate | 55 Comments

We can’t build anything anymore…

From Salon: Chris Christie’s era of misrule in Jersey: The empty swamp mall and the canceled tunnel While Gov. Chris Christie’s Bridgegate gambit rightfully helped kneecap his presidential run, it was his cancellation, in 2010, of a trans-Hudson rail tunnel … Continue reading

Posted in National Real Estate, New Development, New Jersey Real Estate, Politics | 102 Comments

March 2019? Yeah, right.

From the Record: American Dream Meadowlands finalizes $2.8B in construction financing; work resumes A complex $2.8 billion closing on construction financing for American Dream Meadowlands was completed on Thursday, locking in the funds developers say they need to finish the … Continue reading

Posted in New Development, New Jersey Real Estate | 90 Comments

Time for Newark

From the Commercial Observer: Five Reasons to Pay Attention to Newark Of all the commuter cities west of the Hudson River, Newark, N.J., gets the least respect from real estate professionals. Some of the reasons for this are understandable; Newark … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 50 Comments

Say it ain’t so

From the Washington Post: The McMansion, ultimate symbol of the pre-recession boom, is back If there’s anything that typifies the boom times before the Great Recession, it is the McMansion. These sprawling houses proliferated around the country in the 2000s, … Continue reading

Posted in Economics, Housing Recovery, National Real Estate, New Development | 67 Comments

Do so at your own peril

From the Record: Millennial generation shunning the suburbs for city life They want the bustle. They want the convenience. They want the diversity. In short, they want the city and not the suburbs – even after their children start school. … Continue reading

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

No New Homes

From HousingWire: Economists: Housing inventory could soon turn into an emergency The latest report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau showed housing starts sank to an eight-month low. Now, economists are saying … Continue reading

Posted in Economics, National Real Estate, New Development | 25 Comments

Bayonne joins the Gold Coast

From the NY Post: When Jason Tsay and Michael Suchocki left artsy Chelsea for sleepy Bayonne, they thought the New Jersey city was on the cusp of a real estate renaissance. Turns out they were a decade early. The couple … Continue reading

Posted in Demographics, Economics, Gold Coast, New Development | 124 Comments

The New Newark

From the NYT: Work for Audible, Live Rent-Free? Would you live in Newark if your boss paid your rent for a year? That was the question that Audible.com, the audiobook company, posed to its workers when it announced a housing … Continue reading

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

Does this explain the construction gap?

From Bloomberg: Foreclosures Dry Up and a Hot Wall Street Trade Gets New Look It was a rare lucrative business for Wall Street in the aftermath of the financial crisis: snapping up properties in foreclosure and renting them out. So … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development | 145 Comments

The building boom cometh

From Builder Magazine: REALTORS: EXISTING HOME SALES TO RISE 3.5% THIS YEAR. Job gains and improving household confidence are expected to guide existing-home sales to a decade high in 2017, but supply and affordability headwinds and modest economic growth are … Continue reading

Posted in National Real Estate, New Development | 77 Comments

Just part of doing business in NJ

From HousingWire: Ex-NJ mayor sent to prison for kickbacks involving HUD funds The former mayor of Passaic, New Jersey will spend the next two years in prison after being convicted of soliciting and accepting bribes from developers who wanted to … Continue reading

Posted in New Development, New Jersey Real Estate, Politics | 65 Comments

NJ downtown at stake?

Admittedly more commercial real estate than residential – but absolutely linked to NJ’s broader real estate market. Thoughts? From the Star Ledger: Liquor lobby’s on the rocks: Bill would let restaurants serve alcohol On a recent weekday night, my friend … Continue reading

Posted in New Development, New Jersey Real Estate, Politics | 43 Comments

Has the time come for Newark’s revival?

From Bloomberg: In Shadow of Manhattan, a Long-Neglected City Is Having a Moment For years, downtown Newark’s Military Park, barren and surrounded by vacant buildings, was a symbol of the despair that set in after the 1967 riots. Now it’s … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 67 Comments

Somebody believes in AC

From the AP: Showboat Owner Blatstein Buys Land Nearby in Atlantic City Bart Blatstein, the Philadelphia developer who’s been buying up distressed Atlantic City properties and re-opening them, has added three more Boardwalk parcels for about $6 million. Blatstein, who … Continue reading

Posted in New Development, New Jersey Real Estate, Shore Real Estate | 115 Comments