Category Archives: New Jersey Real Estate

Isn’t this the American Dream?

Posted on February 25, 2022 by grim

From Yahoo Finance: New Jersey’s American Dream Megamall Is Once Again Sinking in Debt Since its groundbreaking nearly two decades ago, the megamall built in New Jersey’s Meadowlands has done little except hemorrhage cash. Now, less than two years after … Continue reading →

Posted in Economics, Employment, New Development, New Jersey Real Estate, Risky Lending | 326 Comments

Sorry New York

Posted on February 22, 2022 by grim

From Fox News: Wall Street’s hybrid work model likely to squeeze New York’s budget Wall Street’s hybrid work week is here to stay and the economic implications on New York City and New York State’s budgets could prove to be devastating. Some of Wall Street’s … Continue reading →

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

Why does NJ think it’s even part of the conversation?

Posted on February 18, 2022 by grim

From NJBIZ: NJ rolls out roadmap for 21st century ‘future of work’ State officials on Feb. 17 published a long-awaited slate of recommendations laying out how the New Jersey workforce of the 21st century needs to change in the decades … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 135 Comments

Up Up Up

Posted on February 15, 2022 by grim

From the APP: NJ inflation: Energy, furniture, food soar, and retirees may need jobs to pay for it As Valentine’s Day approached, Lou Smith, the owner of Blend on Main in Manasquan, last week found the wholesale price of a 2-pound … Continue reading →

Posted in Economics, New Jersey Real Estate, Where's the Beef? | 90 Comments

NJ Unemployment Falls to 6.3%

Posted on January 25, 2022 by grim

From ROINJ: New Jersey adds jobs for 12th straight month; unemployment rate falls to 6.3% New Jersey Department of Labor & Workforce Development figures for December show the state added 10,100 jobs, according to preliminary estimates by the U.S. Bureau of Labor … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 112 Comments

Shovels Ready

Posted on January 21, 2022 by grim

From the Star Ledger: Feds clear the way for Gateway Tunnel project to get billions in funding The final hurdle needed to qualify for federal funding to start building the $12.3 billion Gateway rail Tunnel was cleared Thursday when the Federal … Continue reading →

Posted in New Development, New Jersey Real Estate, NYC | 104 Comments

It was legal to discriminate against older workers in NJ

Posted on January 20, 2022 by grim

From the Star Ledger: Older workers in N.J. have new protections to help them find a job, get promoted In response to an increasingly older workforce and retirement ages, on Oct. 4, 2021, Gov. Phil Murphy signed a bill expanding … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 147 Comments

The snark is just too good (sorry Mary)

Posted on January 17, 2022 by grim

From NJ1015: Is this a $3M dump? No one wants Mary J. Blige’s NJ mansion (Opinion) Singer Mary J. Blige was inducted into the Rock and Roll Hall of Fame last year. She’s won nine Grammy awards, been nominated for … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 231 Comments

The new big box mart

Posted on January 12, 2022 by grim

From the Real Deal: Northern NJ industrial properties are fetching record rents Warehouse tenants in 2021 paid more for proximity to the largest consumer market in the U.S. than ever before. Retailers, manufacturers and other industrial renters want so badly … Continue reading →

Posted in Economics, National Real Estate, New Development, New Jersey Real Estate | 278 Comments

The new New Jersey

Posted on January 7, 2022 by grim

From NJ Monthly: How Covid-19 Changed the Way We Work in New Jersey When Governor Phil Murphy signed an unprecedented executive order in March 2020 directing New Jersey’s 9 million residents to stay home, the state’s schools and nonessential businesses to shut … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 156 Comments

Strong GDP growth for NJ

Posted on January 6, 2022 by grim

From the Star Ledger: Good news: There’s been a wholesale transformation of New Jersey’s economy You might have missed it amid the holiday rush, but 2021 ended with some incredibly positive economic news: for the third quarter, the Garden State ranked … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 108 Comments

Not such a deep dive

Posted on January 3, 2022 by grim

From News 12: Deep Dive: Where things stand now for real estate in New Jersey heading into 2022 Where did 2021 stand when it came to real estate in New Jersey? “Home sales were really hot, especially in the beginning … Continue reading →

Posted in Economics, Mortgages, New Jersey Real Estate | 271 Comments

When do we get our recovery?

Posted on December 19, 2021 by grim

From the NY Federal Reserve: The Region Is Struggling to Recover from the Pandemic Recession The pandemic struck the New York-Northern New Jersey region early and hard, and the economy is still struggling to recover nearly two years later. Indeed, employment … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC | 73 Comments

NJ gets back to work

Posted on December 17, 2021 by grim

From NJ101.5: As jobless benefits end, NJ sees surge in hiring As enhanced unemployment benefits expired and tens of thousands of New Jerseyans faced the end of jobless benefits altogether, there are signs the hiring crisis is easing. The Garden … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 247 Comments

Would someone please think of the $550k a year families. They are not rich.

Posted on December 10, 2021 by grim

From the Star Ledger: 96% of N.J. residents would get their full property tax break restored under this Senate plan Efforts to restore the full federal deduction for state and local taxes have run into opposition from some Senate Democrats who want … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Property Taxes | 224 Comments