Category Archives: New Development

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

Just let Atlantic City fall into the sea

Posted on December 21, 2015 by grim

From the Record: Legislators advance competing measures to put approval of North Jersey casinos on ballot State Senate and Assembly committees each passed resolutions on Thursday designed to have voters statewide determine next fall whether to amend the state constitution … Continue reading →

Posted in New Development, North Jersey Real Estate, Politics | 78 Comments

New tunnel? We can’t afford it.

Posted on November 30, 2015 by grim

From NJ Spotlight: HOW WILL CASH-STRAPPED NJ PAY ITS SHARE OF GATEWAY RAIL-TUNNEL PROJECT? Federal and state officials gave the plan to build a new rail tunnel under the Hudson River a major boost earlier this month when they announced … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate, Risky Lending | 81 Comments

Bye Bye Bungalow

Posted on November 2, 2015 by grim

From the Record: Three years later, shore’s housing market feels effects of Sandy Maureen and Bill Craft put “backbreaking” work and thousands of dollars into fixing their Little Egg Harbor Shore home after it was flooded during Superstorm Sandy, but … Continue reading →

Posted in New Development, Shore Real Estate | 107 Comments

New Home Sales Tank

Posted on October 27, 2015 by grim

From CNBC: US new home sales drop to near one-year low New U.S. single-family home sales fell to near a one-year low in September after two straight months of gains, suggesting a temporary cooling in the market for new houses. … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate, New Development | 43 Comments

Even power plants get foreclosed on in Jersey

Posted on October 20, 2015 by grim

Not residential real estate, but how can I not post this fiasco of epic proportions. From Philly.com: Bank begins foreclosure on power plant at Revel A bank is foreclosing on the power plant at the center of a dispute that … Continue reading →

Posted in Economics, Humor, New Development, Unrest | 89 Comments