Category Archives: New Development

Good Riddance to the Hamilton Projects

Posted on August 8, 2016 by grim

From the Record: Rebirth of an urban neighborhood in Paterson Growing up in Paterson, Sandra Drysdale had lots of friends living in the Alexander Hamilton housing complex. But what she heard about crime and drug-dealing there made her afraid to … Continue reading →

Posted in Housing Recovery, New Development, North Jersey Real Estate | 95 Comments

Housing Development Dips

Posted on August 2, 2016 by grim

From the Record: NJ home construction running 17% below last year’s pace After a dramatic, four-year rebound from the worst housing downturn in generations, home construction in New Jersey has fallen back this year, running about 17 percent behind 2015’s … Continue reading →

Posted in Housing Recovery, New Development, New Jersey Real Estate | 59 Comments

Who to blame for higher home prices?

Posted on July 25, 2016 by grim

From the WSJ: Regulatory Costs Inflate New-Home Prices, Builders Say As the cost of construction permitting has risen over the past decade, Atlanta home builder Dennis McConnell has taken a new approach with customers. He now itemizes the regulatory costs … Continue reading →

Posted in Economics, National Real Estate, New Development | 62 Comments

The office building is dead, long live industrial and warehouse

Posted on July 20, 2016 by grim

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 | 171 Comments

East Orange the next big thing?

Posted on July 19, 2016 by grim

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 | 119 Comments

Trading lawns for square footage

Posted on July 12, 2016 by grim

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 | 58 Comments

JC the new heart of the gold coast?

Posted on June 8, 2016 by grim

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?

Posted on June 7, 2016 by grim

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!

Posted on June 4, 2016 by grim

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?

Posted on June 3, 2016 by grim

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

Posted on May 17, 2016 by grim

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

Posted on May 14, 2016 by grim

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 | 55 Comments

The key to growth

Posted on April 16, 2016 by grim

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 | 22 Comments

Early indicators of the next building boom?

Posted on April 4, 2016 by grim

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.

Posted on March 10, 2016 by grim

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 | 62 Comments