Category Archives: New Development

Tear it all down, start all over

Posted on March 18, 2011 by grim

From Bloomberg: Christie’s Atlantic City Revival Seeks Halt to 30% Casino Plunge New Jersey Governor Chris Christie is bucking voter skepticism and pushing ahead with his plan to revive the Atlantic City gambling resort, where casino revenue has plunged the … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | 263 Comments

Signs of life in the condo market?

Posted on March 12, 2011 by grim

From the NY Times: A Thaw in the Condo Market LAST month a few strong blips indicated a quickening pulse on the New Jersey condominium market. Or maybe just a pulse. There were 15 sales in four weeks at one … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | 157 Comments

Builder screws buyer, buyer gets $7m in court

Posted on January 16, 2011 by grim

From the Daily Record: Developer, agent ordered to pay $7 million for Florham Park, NJ, house sliding down hill Finding that a developer and his construction agent violated state consumer fraud laws, a judge Friday ordered the pair to pay … Continue reading →

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

Redefining Luxury

Posted on November 4, 2010 by grim

From the Montclair Times: Condo owners allege Siena has structural ‘defects’ Raniya Kassem owns a condominium on the fifth floor of Montclair’s luxury high-rise complex The Siena, but it’s been about a year and five months since she has resided … Continue reading →

Posted in New Development, New Jersey Real Estate | 193 Comments

Housing outlook “deteriorating”

Posted on October 19, 2010 by grim

From Bloomberg: Builders Probably Began Work on Fewer U.S. Houses in Sign Recovery Delayed Builders in the U.S. probably began work on fewer homes in September, a sign the residential real estate market will be slow to recover from the … Continue reading →

Posted in National Real Estate, New Development | 147 Comments

Bye Bye McMansions! (Good Riddance)

Posted on October 7, 2010 by grim

From the NY Times: Builders Move Beyond McMansions in New Jersey Faced with the prospect that New Jersey’s buildable open space could be gone by midcentury, developers are turning to projects that tap into existing infrastructure, use vacant buildings and … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | 227 Comments

Development hits new lows in Morris

Posted on August 8, 2010 by grim

From the Daily Record: Morris County NJ development dips to historic lows The new towers in Morristown are up, awaiting restaurants and residents. The New York Jets are ensconced in their shiny new headquarters in Florham Park awaiting the arrival … Continue reading →

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

“There’s less than a million acres left”

Posted on July 28, 2010 by grim

From the Star Ledger: Rowan, Rutgers study says N.J. is running out of open space, renews urban sprawl debate For the first time, New Jersey’s landscape is covered more by housing and shopping malls rather than forests, the real consequence … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | 114 Comments

Homebuilders “did not expect it to get as bad as it has.”

Posted on July 26, 2010 by grim

From the FT: Housebuilders hit by US tax credit hangover The last day of April and the end of the first-time buyer tax holiday was expected to be a dark day for US housebuilders. Yet few anticipated just how sharply … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate, New Development | 98 Comments

Las Vegas East? When is the razing scheduled for, Governor?

Posted on July 22, 2010 by grim

From the Star Ledger: Gov. Christie pledges to turn Atlantic City casino district into ‘Las Vegas East’ With more flair than a traveling road act, Gov. Chris Christie stood on the 50-yard line of the New Meadowlands Stadium today and … Continue reading →

Posted in New Development, Politics, Shore Real Estate | 121 Comments

Sound Familiar?

Posted on July 19, 2010 by grim

From the Record: Apartment tower took long, troubled road to completion The upscale high-rise in Hackensack where a parking garage collapsed Friday boasts fireplaces, a swimming pool, vaulted ceilings and views of Manhattan, amid one of Bergen County’s most expensive … Continue reading →

Posted in New Development, New Jersey Real Estate | 111 Comments

Let it sink into the swamp

Posted on July 9, 2010 by grim

From the Record: Xanadu may get $180M from state Meadowlands Xanadu developers, after more than a year of looking for new investors, may soon add an important new partner: you, the state taxpayer. Three sources familiar with a proposal under … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 214 Comments

Urban Migration Mirage?

Posted on July 6, 2010 by grim

From the Wall Street Journal: The Myth of the Back-to-the-City Migration Pundits, planners and urban visionaries—citing everything from changing demographics, soaring energy prices, the rise of the so-called “creative class,” and the need to battle global warming—have been predicting for … Continue reading →

Posted in Economics, National Real Estate, New Development | 165 Comments

South Jersey Slump

Posted on May 17, 2010 by grim

From the Press of Atlantic City: Southern New Jersey builders say this has been a depression for them Despite a housing slump that devastated the home-building industry, new homes continue to be built in southern New Jersey, mostly in projects … Continue reading →

Posted in New Development, South Jersey Real Estate | 205 Comments

Small is the new black

Posted on April 28, 2010 by grim

From the Star Ledger: Homebuilders have a new mantra: Small will sell The pair of new houses that sit at the top of Truman Place off Route 1 in NorthBrunswick fit right in with the upscale style that has dominated … Continue reading →

Posted in New Development, New Jersey Real Estate | 331 Comments