Category Archives: New Development

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

Valentines Day Massacre

Posted on February 16, 2016 by grim

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 | 91 Comments

Move over Brooklyn

Posted on February 14, 2016 by grim

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

Posted on February 9, 2016 by grim

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 | 148 Comments

We’re all Atlantic City now

Posted on January 12, 2016 by grim

From the Record: State officials working to take control of Atlantic City finances Amid the push to expand casino gambling throughout New Jersey, state officials are in fast-moving discussions to take over Atlantic City’s finances for 15 years. Sparking a … Continue reading →

Posted in New Development, Politics, Shore Real Estate | 124 Comments

“He said a lot of bad things and he walked away.” (He called AC pols “corrupt and stupid”)

Posted on January 8, 2016 by grim

From the Star Ledger: Is gambling mogul Steve Wynn interested in north Jersey casino? The leader of the state Assembly said Thursday that Steve Wynn, the famed casino mogul who owned one of the first gambling halls in Atlantic City … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 75 Comments

The rise and fall of the office park

Posted on January 7, 2016 by grim

From CityLab: The Sad State of Suburban Office Parks A report from the real estate service firm NGKF released late last year provides new numbers on an ongoing phenomenon: the slow, agonizing death of the American office park. The report … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate, New Development | 111 Comments