Category Archives: New Development

Will affordable housing make NJ unaffordable for the rest of us?

Posted on July 28, 2018 by grim

From the Star Ledger: N.J. needs to build 155,000 affordable housing units. No one can agree on how or where As New Jersey reigned as one of the most expensive places in the country to live, the state agency tasked … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 95 Comments

NJ’s future of smaller, taller, more expensive apartments

Posted on July 20, 2018 by grim

From ROI NJ: Rutgers Real Estate Center releases landmark study on school-aged children in multifamily properties The number of school-age children in multifamily housing units increases with the number of bedrooms, regardless of the residents’ income level and building product … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 82 Comments

NJ not a place for startups

Posted on June 14, 2018 by grim

From WNYC: New Jersey Wants to Stake a Claim in the Innovation Economy New Jersey Governor Phil Murphy rarely misses an opportunity to point out the Garden State once was a hub for innovation — where Thomas Edison invented the … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 229 Comments

But are we ready to change?

Posted on May 31, 2018 by grim

From the comments the other day, but good enough to get top page billing. From the NY Times: As Office Parks Empty, Towns Turn Vacancies Into Opportunities Perched off a busy road in northern New Jersey with sweeping vistas of … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 159 Comments

Fix it, Sell it, or Get Out

Posted on May 28, 2018 by grim

From the APP: A tool for targeting the ‘zombie houses’ of Toms River, throughout the Shore They’re called “zombie houses,” and they can suck the life out of any neighborhood. Zombie homes are properties whose owners have walked away from … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 21 Comments

At least someone wants to be here

Posted on May 4, 2018 by grim

From the WSJ: New Jersey Landlords Can’t Keep Up With Demand For Industrial Space Industrial space in New Jersey is so hot that lease deals are drying up. Across the state, which has become a major logistics hub for online … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | 110 Comments

Has Newark made it?

Posted on May 1, 2018 by grim

From Bloomberg: A $1 Billion Real Estate Boost for Battered Newark SJP Properties and Aetna Realty are planning to spend as much as $1 billion on a project beside a Newark, New Jersey, commuter-rail hub, the latest in a spree … Continue reading →

Posted in Economics, Employment, New Development, New Jersey Real Estate | 63 Comments

Out with retail, in with industrial

Posted on April 21, 2018 by grim

From Real Estate Weekly: Developers struggling to meet demand for New Jersey industrial space New Jersey can’t keep up with demand for industrial space, according to Duke Realty leasing vice president Ben Rosen. “There are no buildings available under 300,000 … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 28 Comments

Large scale development possible in Jersey?

Posted on April 11, 2018 by grim

From Centraljersey.com Sayreville will build ‘largest mixed-use project in New Jersey history’ Development is moving forward on a 418-acre, $2.5 billion mixed-used development in Sayreville. Riverton, a mixed-use project that will be located by the Raritan River and total 5 … Continue reading →

Posted in New Development, New Jersey Real Estate | 98 Comments

Uh Oh

Posted on April 3, 2018 by grim

From Bloomberg: Manhattan Home Sales Tumble Most Since 2009 as Buyers Push Back Home sales in Manhattan plunged by the most since the recession as buyers at all price levels drove hard bargains and were in no rush to close … Continue reading →

Posted in Economics, Housing Recovery, New Development, NYC | 135 Comments

It’ll sit empty for decades…

Posted on March 30, 2018 by grim

From the Record: Toys R Us collapse creates large corporate office vacancy in Wayne The collapse of Toys R Us has placed a big question mark on a large tract of forested woodland in the heart of Wayne. Toys R … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate, Politics | 100 Comments

Let me guess, we’re going to pay for it.

Posted on March 20, 2018 by grim

From the Star Ledger: It’s ‘The Hub,’ and Murphy swears it will help make us a tech magnet It’s called “The Hub” — a redevelopment project in New Brunswick that Gov. Phil Murphy says will help realize his goal of … Continue reading →

Posted in New Development, New Jersey Real Estate | 96 Comments

Roof and siding just got a little cheaper

Posted on March 19, 2018 by grim

From the Record: No permit required: That roofing and siding job just got cheaper in New Jersey Rules that took effect on Monday should have contractors in New Jersey raising the roof, since it’s no longer necessary to purchase a … Continue reading →

Posted in New Development, New Jersey Real Estate | 117 Comments

NJ 2017 Flip Rate – 6%

Posted on March 14, 2018 by grim

From NJ1015: WHY NJ HAS BECOME A HOT SPOT FOR FLIPPING HOUSES Flipped homes represented more than 6 percent of all New Jersey home sales in 2017. More than 7,500 one-family properties that exchanged hands last year already had a … Continue reading →

Posted in New Development, New Jersey Real Estate | 130 Comments

“Homeownership has lost its allure”

Posted on February 7, 2018 by grim

From the Star Ledger: Who wants to buy a home in New Jersey? And what happened to the American Dream It used to be part of the American Dream — the cute house in the suburbs with a garage and … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 85 Comments