Category Archives: New Development

Reinventing Jersey

From CoStar: As Former Toys R Us Campus Awaits New Use, New Jersey Embarks on Transforming the American Office Park The future of the former Toys R Us corporate headquarters is still to be determined in New Jersey, a state that’s … Continue reading

Posted in New Development, New Jersey Real Estate | 31 Comments

July Beige Book

From the Federal Reserve: Beige Book – July 2022 Federal Reserve Bank of New York Summary of Economic ActivityEconomic growth in the Second District slowed to a crawl in the latest reporting period, as demand from households and businesses weakened … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 122 Comments

What does 3000 new units look like

From TAP Wayne: Mapping the New Housing Developments in Wayne  This article is to help Wayne residents visualize where each of the proposed new residential developments will be built in Wayne over the next several years. Below, you will find … Continue reading

Posted in Demographics, New Development, New Jersey Real Estate | 63 Comments

Isn’t this the American Dream?

From Yahoo Finance: New Jersey’s American Dream Megamall Is Once Again Sinking in Debt Since its groundbreaking nearly two decades ago, the megamall built in New Jersey’s Meadowlands has done little except hemorrhage cash. Now, less than two years after … Continue reading

Posted in Economics, Employment, New Development, New Jersey Real Estate, Risky Lending | 326 Comments

Shovels Ready

From the Star Ledger: Feds clear the way for Gateway Tunnel project to get billions in funding The final hurdle needed to qualify for federal funding to start building the $12.3 billion Gateway rail Tunnel was cleared Thursday when the Federal … Continue reading

Posted in New Development, New Jersey Real Estate, NYC | 104 Comments

The new big box mart

From the Real Deal: Northern NJ industrial properties are fetching record rents Warehouse tenants in 2021 paid more for proximity to the largest consumer market in the U.S. than ever before. Retailers, manufacturers and other industrial renters want so badly … Continue reading

Posted in Economics, National Real Estate, New Development, New Jersey Real Estate | 278 Comments

“How high is too high?”

From CNBC: Sales of newly built homes tank as affordability hits buyers At some point the price is just too high. That may be increasingly the case for potential buyers of newly built single-family homes. Sales of those homes in … Continue reading

Posted in Economics, National Real Estate, New Development | 114 Comments

Ivy calling Kool-Aid again

From the Real Deal: Strong housing demand a mirage, says analyst who called previous crash Everyone seems to be betting the house on a new home these days. Multibillion-dollar private equity firms. Joe Schmo house-flippers. Even savvy tech firms. Everyone … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development | 241 Comments

Silk City is Hot

From the Record: Gentrification or growth? Why Paterson is hot for real estate buyers and investors Zaib Atyat purchased his first home in Paterson 20 years ago for $250,000. The three-family unit on the city’s south side offered a steady source … Continue reading

Posted in New Development, New Jersey Real Estate | 125 Comments

Boom or bubble

From CNBC: Here’s why experts believe the U.S. is in a housing boom and not a bubble The U.S. housing market has been an unlikely beneficiary from the Covid-19 pandemic. During the pandemic, home prices have climbed at a record … Continue reading

Posted in Housing Bubble, National Real Estate, New Development | 384 Comments

Maybe some gentrification isn’t so bad?

Interesting piece from VOX: What we talk about when we talk about gentrification In his 2019 paper “Hoboken Is Burning: Yuppies, Arson, and Displacement in the Postindustrial City,” Princeton historian Dylan Gottlieb documented the violent displacement Puerto Rican residents faced … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development | 198 Comments

Nothing in between

From NPR: The Housing Shortage Is Significant. It’s Acute For Small, Entry-Level Homes America’s roaring real estate boom is leaving millions of would-be homebuyers out in the cold. The problem is most severe in that corner of the market that … Continue reading

Posted in Economics, National Real Estate, New Development | 60 Comments

More bureaucracy? Why not!

From NJ Spotlight: Ongoing warehouse boom prompts renewed calls for broader regulation After new data showed New Jersey’s warehouse boom continues unabated, advocates renewed calls for state or regional control over where they can be built and for limits on … Continue reading

Posted in New Development, New Jersey Real Estate | 218 Comments

Business growing in NJ?

From GlobeSt: Northern NJ Office Market Showing Improvement Heading into 2020 The Northern New Jersey office market showed signs of stability and improvement at the end of 2019 positing positive net absorption, lower availability and higher asking rents, according to … Continue reading

Posted in Economics, New Development, New Jersey Real Estate | 114 Comments

So Much For Reurbanization

From Forbes: Millennials With Families Are Leaving Major Cities For The Suburbs, Transforming Them Into ‘Hipsturbia’  Just as their parents flocked to the suburbs, city-loving Millennials are doing the same yet transitioning some areas to “Hipsturbia,” a phrase revealed in … Continue reading

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