Category Archives: New Development

Just another day in NJ politics

Posted on June 18, 2024 by grim

Hat Tip Gator. From NJ101.5: NJ Democratic boss stares down officials at corruption-case news conferenceLike a boss, Democratic power broker George Norcross sat defiantly in the front row on Monday as the state Attorney General’s Office outlined a blockbuster corruption … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 92 Comments

Will builders pull back?

Posted on May 28, 2024 by grim

From CNBC: Sales of newly built homes tank in April, as prices and interest rates rise Sales of newly built homes dropped 4.7% in April compared with March, and fell a larger 7.7% from the prior year, the U.S. Census … Continue reading →

Posted in Demographics, Economics, Mortgages, National Real Estate, New Development | 37 Comments

Uh oh.. NJ hits peak-warehouse

Posted on May 5, 2024 by grim

From NJ Spotlight News: Warehouse industry reports point to possible slowdown Recent data from state and industry sources shows a sharp slowing in the number of building permits issued for warehouse construction last year in New Jersey. Those sources also … Continue reading →

Posted in Economics, Employment, New Development, New Jersey Real Estate | 22 Comments

Paterson Renaissance?

Posted on April 10, 2024 by grim

From the Record: The Great Falls are essential to Paterson’s economic and cultural future There aren’t many urban centers in America that have a waterfall a stone’s throw away from their downtown district. Well, part of Paterson’s point of difference … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 187 Comments

NJ’s newest luxury residences

Posted on March 29, 2024 by grim

From the Star Ledger: Decaying former Playboy Club has been sold, N.J. mayor says The empty former Playboy Club — a longtime subject of fascination in northwestern New Jersey — has been sold, according to a local mayor. Vernon Mayor Anthony Rossi … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | 41 Comments

New Home Sales Tank

Posted on March 26, 2024 by grim

From Newsweek: Home Sales Collapse in Several States Sales of new homes in the Northeast and the Midwest plunged in February, helping to bring down the market overall across the country, as elevated mortgage rates dissuaded buyers from purchasing property. … Continue reading →

Posted in Housing Bubble, National Real Estate, New Development | 78 Comments

Building 200,000 Affordable Homes

Posted on March 19, 2024 by grim

From the Record: Senate passes bill to overhaul how NJ towns will meet affordable housing mandate How much affordable housing will New Jersey towns be required to zone for, build, convert or renovate over the next decade?  Gov. Phil Murphy … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate, Politics | 92 Comments

Even AI wants to live in NJ

Posted on March 15, 2024 by grim

From ROINJ: CBRE: New Jersey data centers find AI operators are dominant occupiers of space Strong demand for data center space during the second half of 2023 resulted in a new all-time low vacancy rate for the New York tri-state region, … Continue reading →

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

Transit-based redevelopment

Posted on March 14, 2024 by grim

From Newsweek: Housing Market Solution Could Help New Jersey New Jersey might have just found a solution to its affordable housing crisis, and it involves the undeveloped land outside of its transit system. The Regional Plan Association found 74,000 acres of land … Continue reading →

Posted in Demographics, Housing Bubble, New Development, New Jersey Real Estate, Politics | 95 Comments

$4.9m record breaker in Weehawken

Posted on March 2, 2024 by grim

From Patch: Christie’s International Real Estate Group announces the sale of 12 Henley Place – an iconic and record-breaking sale that set a historic benchmark at Henley on the Hudson, with its remarkable sale price of $4.9 million. Jessica Williams, … Continue reading →

Posted in General, Gold Coast, Housing Bubble, New Development, New Jersey Real Estate | 40 Comments

Eatontown = Hollywood?

Posted on February 24, 2024 by grim

From NJ.com: Netflix plan to build massive N.J. studio gets key approval Netflix’s plans to build a $903 million production studio complexat the former Fort Monmouth army base got a key approval from a local board Wednesday. The Fort Monmouth Economic … Continue reading →

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

NJ Industrial On Fire

Posted on January 6, 2024 by grim

From ROI-NJ: C&W report: Industrial market records highest level of leasing in 2 years Cushman & Wakefield recently released its fourth-quarter 2023 industrial and office statistics for northern and central New Jersey, showing New Jersey’s industrial market recorded its highest level … Continue reading →

Posted in Economics, Employment, New Development, New Jersey Real Estate | 47 Comments

Home offices spur office homes

Posted on October 27, 2023 by grim

Fun collection of stories this morning: Why turning offices into homes is a terrible idea City of Ottawa looking at ways to make office-to-residential conversions easier Conversion of vacant London offices could deliver 28,000 homes to the UK capital These … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate, New Development | 112 Comments

Epic Assemblage

Posted on October 19, 2023 by grim

From the NY Post: Ken Griffin plans to build the most expensive home on Earth — a $1B mega-estate Palm Beach, Florida, a playground for the rich and famous, is no stranger to opulence.  But it seems that billionaire hedge-fund … Continue reading →

Posted in Comp Killer, Housing Bubble, National Real Estate, New Development | 72 Comments

Nothing to see here

Posted on October 3, 2023 by grim

From the NY Post: US office real estate prices headed for ‘severe crash,’ investors say The commercial real estate market is headed for a severe collapse due in large part to sky-high interest rates and declining property values, according to a survey of … Continue reading →

Posted in Crisis, Demographics, Economics, National Real Estate, New Development | 104 Comments