Category Archives: New Development

Because Garden State Plaza Needs 1400 Housing Units

Posted on September 26, 2023 by grim

From Costar: Unibail Seeks To Add Roughly 1,400 Housing Units to New Jersey Flagship Mall Unibail-Rodamco-Westfield said it plans to build up to nearly 1,400 residential units as part of the major redevelopment and diversification of its large mall in North Jersey, … Continue reading →

Posted in Economics, Housing Bubble, New Development, New Jersey Real Estate, Where's the Beef? | 150 Comments

New home prices might not be what they seem

Posted on September 11, 2023 by grim

From Wolf Street: Mortgage-Rate Buydowns by Homebuilders Are Now All the Rage to Prop Up Sales, Lowering Effective House Prices in a Big Way, but Don’t Get Picked Up by House Price Data Homebuilders don’t have the luxury of outwaiting … Continue reading →

Posted in Economics, Mortgages, National Real Estate, New Development, Risky Lending | 35 Comments

Shrinkflation hits housing

Posted on August 27, 2023 by grim

From the Week: The answer to rising home prices: smaller homes With the prices of homes remaining stubbornly unaffordable, the number of available home listings shrinking, and record high mortgage rates, potential homebuyers are increasingly looking to newly constructed homes to fill … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Development | 144 Comments

Tipping Point

Posted on August 9, 2023 by grim

From MSN: The shrinking American home: As demand rises, builders go smaller “It’s pretty consistent nationally,” said Mikaela Arroyo, director of the New Home Trends Institute at John Burns Real Estate Consulting.  In an April report, JBREC surveyed 290 residential … Continue reading →

Posted in Demographics, National Real Estate, New Development, Where's the Beef? | 37 Comments

Couldn’t help myself

Posted on July 24, 2023 by grim

From CoreLogic: CoreLogic Unveils an Insightful Look Back at Barbie Dreamhouse Prices from 1962 to 2023

Posted in Humor, National Real Estate, New Development | 60 Comments

Find somewhere else to live

Posted on July 17, 2023 by grim

From CBS News: In ‘warfare against renters,’ homeowners fight affordable housing push At a packed City Hall meeting, one resident after another stood before the City Council of the suburban Phoenix city of Surprise pleading with officials to block the construction … Continue reading →

Posted in Crisis, Demographics, National Real Estate, New Development | 14 Comments

Congestion pricing hurts, until it helps

Posted on July 16, 2023 by grim

From ROINJ: The next ‘Stay in N.J.’ program: Why congestion tax hurts N.J. commuters — but could ultimately help N.J. economy New York City officials say their congestion pricing system will collect billions for mass transit — and discourage drivers … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate, NYC | 24 Comments

Filling it in

Posted on June 12, 2023 by grim

From the Jersey Journal: Jersey City considers allowing ‘cottage’ industry that could ease city’s housing dilemma Need a little extra income? Looking to move an aging relative or out-of-work college grad back home, but just don’t have the room? Jersey … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate, Politics | 49 Comments

Sorry about the price of your buildings

Posted on May 27, 2023 by grim

From the NY Post: Remote work is cutting NYC office value by half: Study Working from home is killing office buildings’ worth.  As remote and hybrid work prove to be enduring trends, researchers are predicting grim fates for the future … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Development, NYC | 35 Comments

The New New Jersey

Posted on May 9, 2023 by grim

From ROI-NJ: Why mixed-use, multifamily housing will continue to escalate in northern N.J. Multihousing development through ground-up construction and asset repositioning has eclipsed historical levels of activity within the northern New Jersey and the greater metro New York City areas, … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 241 Comments

Northern NJ shuts out warehouses

Posted on May 4, 2023 by grim

From the Real Deal: Warehouses banned in 400,000 acres of North Jersey The New Jersey Highlands Region won’t be high on industrial developers’ list anymore. The state’s Highlands Council prohibited warehouse development in 398,000 acres of the 860,000-acre region, NorthJersey.com reported. … Continue reading →

Posted in Demographics, Employment, New Development, New Jersey Real Estate | 132 Comments

Liquor up

Posted on February 24, 2023 by grim

From InsiderNJ: Governor Murphy Holds Roundtable Discussion on Modernizing New Jersey’s Antiquated Liquor Licensing Laws Governor Phil Murphy today held a roundtable discussion where he met with stakeholders to gather input and learn from diverse perspectives for his new legislative … Continue reading →

Posted in New Development, New Jersey Real Estate | 75 Comments

You’ll all be famous

Posted on December 22, 2022 by grim

From the Star Ledger: Netflix unveils huge $903M plan for N.J. production studios at ex-military base Netflix unveiled plans Wednesday for an investment of $903 million into a production facility at the former Fort Monmouth in New Jersey that would … Continue reading →

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

Reinventing Jersey

Posted on August 15, 2022 by grim

From CoStar: As Former Toys R Us Campus Awaits New Use, New Jersey Embarks on Transforming the American Office Park The future of the former Toys R Us corporate headquarters is still to be determined in New Jersey, a state that’s … Continue reading →

Posted in New Development, New Jersey Real Estate | 31 Comments

July Beige Book

Posted on July 15, 2022 by grim

From the Federal Reserve: Beige Book – July 2022 Federal Reserve Bank of New York Summary of Economic ActivityEconomic growth in the Second District slowed to a crawl in the latest reporting period, as demand from households and businesses weakened … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 122 Comments