Category Archives: New Development

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

Tallest, but only for a moment

Posted on September 26, 2015 by grim

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.

Posted on September 17, 2015 by grim

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?

Posted on September 9, 2015 by grim

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

Posted on August 27, 2015 by grim

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

Salvage cat is out of the bag

Posted on August 22, 2015 by grim

From the NYT: Recycled Kitchens, Salvaged Splendor When Jonathan and Barbara Pessolano began renovating an 1850s three-family house on Staten Island earlier this year, they didn’t intend to make it a model of recycling. But a search for a deal … Continue reading →

Posted in Housing Recovery, New Development, New Jersey Real Estate | 36 Comments

The Shift To Urban Core Continues

Posted on August 13, 2015 by grim

From HousingWire: Fitch: U.S. housing demand pendulum swinging back to city centers Amid stabilizing U.S. home price growth lies a demographic shift that is underway across much of the country, according to Fitch Ratings in its latest quarterly U.S. RMBS … Continue reading →

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

Schumer’s Tunnel?

Posted on August 12, 2015 by grim

From REW: Hudson River tunnel project back on, says Schumer The Gateway Project, a plan to build a high-speed railway corridor under the Hudson River between New Jersey and New York, is back on. A day after Amtrak president Steven … Continue reading →

Posted in New Development, North Jersey Real Estate, NYC | 84 Comments

NJ Building Permits Near 30 Year High

Posted on July 28, 2015 by grim

From the Star Ledger: N.J. home building permits soar to nearly 30-year high Homebuilders in New Jersey received more permits in June than they had in nearly 30 years, new data shows. Roughly 4,800 permits were authorized in New Jersey … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | 230 Comments

Time to clean house? Vote all incumbents out.

Posted on July 22, 2015 by grim

From the APP: Where does New Jersey’s job market rank? Just when you thought it was safe to come out. New Jersey’s job market, which showed signs of life early this year, slumped in June, leaving the Garden State 36th … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 169 Comments

Hammers start swinging again

Posted on July 18, 2015 by grim

From Bloomberg: Housing Starts in U.S. Surge to Second-Highest Level Since 2007 New-home construction in the U.S. climbed in June to the second-highest level since November 2007 as builders stepped up work on apartment projects. Housing starts rose 9.8 percent … Continue reading →

Posted in Housing Recovery, National Real Estate, New Development | 26 Comments