Category Archives: New Development

Flipping? Huh?

Posted on May 1, 2014 by grim

From HousingWire: Looking for a 30% profit? Flip a house Despite the percentage of flipped homes shrinking to 3.7% of the total homes sold, the profits from flipping a house are up to 30%. The share of flipped house sales … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate, New Development | 112 Comments

Commercial investors positive on Jersey market

Posted on April 14, 2014 by grim

From the Record: Investors return for North Jersey real estate A few months ago, a Hoboken multifamily building, The Artisan, sold for a record $569,000 per “door,” or apartment. The acquirer, a real estate investment management company, forked over $33.6 … Continue reading →

Posted in Economics, Housing Recovery, New Development, New Jersey Real Estate | 78 Comments

Jersey Shore – GTL? Nah. TBTF.

Posted on April 5, 2014 by grim

From the NYT: Back to the Jersey Shore With beaches replenished, boardwalks rebuilt and stores reopened, the Jersey Shore is gearing up for a summer busy enough to make last year’s anemic one a distant memory. As renters rush to … Continue reading →

Posted in Housing Recovery, New Development, Shore Real Estate | 72 Comments

Homeownership vs Headship

Posted on February 5, 2014 by grim

From the Atlantic: Why We Shouldn’t Obsess Over the Falling Homeownership Rate In the midst of the recession, millions of Americans began to “double up,” in the language of demographers: Parents moved in with their children, recent college graduates returned … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Development | 67 Comments

‘fellergate

Posted on January 21, 2014 by grim

From CNN: Hot piece of land in Hoboken at center of Christie-Zimmer dispute Most issues in Hoboken, New Jersey, ultimately boil down to real estate. So it’s no surprise to the residents of the small city that the dustup between … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 108 Comments

Buyers want bigger, more expensive homes

Posted on January 8, 2014 by grim

From Inman: US single-family homes were costlier to build, priced higher and larger in 2013 The cost to build the average U.S. single-family home hit $246,453 in 2013, reaching its highest mark since 1998, according to a construction cost survey … Continue reading →

Posted in Demographics, Economics, New Development | 132 Comments

Even the wealthy can be financial idiots

Posted on December 1, 2013 by grim

From the Record: Even wealthy hit by foreclosures Nine years after spending millions to build their dream home in Franklin Lakes, Kevin and Cheri Schmidt lost it recently to foreclosure. The Schmidts have sued their bank, saying it’s to blame … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | 46 Comments

All hail king of the flippers

Posted on November 12, 2013 by grim

From the Record: Price of luxury living falls: Alpine home can be yours for $49 million It’s not the $68 million he was once asking, but what real estate investor Richard Kurtz is now seeking for the 30,000-square-foot mansion he … Continue reading →

Posted in New Development, New Jersey Real Estate | 73 Comments

Quite possibly the best deal you’ll ever see on a shore house

Posted on November 10, 2013 by grim

From the NYT: For Rent: Fixer-Uppers in a National Park The National Park Service put out an unusual for-rent sign last month: 35 historic buildings, including the genteel quarters of lieutenants and captains, at a wind-swept former Army base overlooking … Continue reading →

Posted in New Development, Shore Real Estate | 15 Comments

Renters get new options

Posted on November 5, 2013 by grim

From the WSJ: New Homes Get Built With Renters in Mind More single-family homes across the nation are being built for renters, a shift that mirrors a steady decline in homeownership in the years since the housing bust. Until recently, … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate, New Development | 264 Comments

Shaq rebuilding Newark

Posted on September 27, 2013 by grim

From the WSJ: Star Comes Home to Build in Newark Growing up here in the 1970s, Shaquille O’Neal’s family ushered him to two places to keep him off the streets: the local Boys and Girls Club and the nearby movie … Continue reading →

Posted in New Development, New Jersey Real Estate | 54 Comments

Bye Bye Saarinen, Hello Starbucks

Posted on September 11, 2013 by grim

From the NY Times: Future Takes Shape for Bell Labs Site Decades before the first smartphone, researchers at Bell Labs in central New Jersey developed the technology that ushered in the digital age. Now, the building that is as magnificent … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | 109 Comments

Hammers swinging, multifamily rentals hot

Posted on August 27, 2013 by grim

GTG Alert –NJRER GTG now scheduled for Thu 8/29 from 6:30 PM ’til whenever; venue — Montecristo Lounge at J&R Cigars, 301 Route 10 East • Whippany, NJ 07981 (973) 887-0800 (http://www.jrwhippany.com/index.cfm?page=lounge). ———————————— From the Record: Rental properties spark leap … Continue reading →

Posted in Economics, Housing Recovery, New Development, New Jersey Real Estate | 91 Comments

Gold Coast Renaissance (Take #3)

Posted on August 20, 2013 by grim

From the NYT: Have New Yorkers finally discovered Jersey City? As property values soar even in Brooklyn neighborhoods once viewed as on the fringe, New Yorkers are looking across that other river that separates Manhattan from the rest of the … Continue reading →

Posted in Economics, Housing Recovery, New Development, NYC | 97 Comments

Hammers start swinging again

Posted on July 3, 2013 by grim

From the Record: NJ home construction running 45% ahead of 2012 rate In another sign of a recovery in housing, New Jersey home construction is running 45 percent ahead of last year’s rate, according to the U.S. census. In the … Continue reading →

Posted in Economics, Housing Recovery, New Development, New Jersey Real Estate | 33 Comments