Category Archives: New Development

Valentines Day Massacre

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

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

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

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”)

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

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

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.

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

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

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

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

Tallest, but only for a moment

From the Star Ledger: Jersey City tower becomes tallest residential building in N.J. A new Jersey City tower is the tallest residential building in New Jersey—for now. At 713 feet high and 69 stories, Urban Ready Life (URL) Harborside 1 … Continue reading

Posted in New Development, New Jersey Real Estate | 64 Comments

Go ahead, hike, I dare you.

From Reuters: For hot New York property market, a Fed move won’t change much Not even a rate hike from the Federal Reserve is expected to cool off the hot New York commercial real estate market, where demand remains high, … Continue reading

Posted in Economics, Housing Recovery, New Development, NYC | 106 Comments

Flipping Revel?

From the Star Ledger: Revel owner trying to flip closed casino to new buyer, power company says The power company engaged in a prolonged legal battle over energy costs at the former Revel casino claims in a recent court filing … Continue reading

Posted in New Development, South Jersey Real Estate, Unrest | 143 Comments

As goes our infrastructure, so goes our economy

From Bloomberg: N.J.’s Creaky Mass Transit Endangers Boom for Wall Street West Jersey City, one of the few bright stars in New Jersey’s employment recovery, is in danger of being strangled by the state’s transportation crisis. The city on the … Continue reading

Posted in Economics, Employment, New Development, New Jersey Real Estate, NYC | 72 Comments