The Real Deal New York

New Jersey neighborhood news

  • laguna

    Laguna at 45 Park Lane South in Jersey City

    The LeFrak Organization’s 19-story Jersey City rental tower known as Laguna is fully leased after nearly six months, a spokesperson for the building told The Real Deal exclusively. [more]

  • July_2007__Ara_Hovnanian.jpg

    Ara Hovnanian

    Red Bank, N.J.-based Hovnanian Enterprises posted rebounding sales numbers in the fourth quarter ended Oct. 31, buoyed by lots selling at higher prices than the builder’s previous estimates.

    The company posted $1.85 billion in annual revenue, a 24.2 percent year-over-year increase and Hovnanian’s largest total since 2008. Net income was also up for the year, rebounding to $31.3 million from a $66.2 million loss in 2012. The company’s stock closed at $5.28 a share on the New York Stock Exchange yesterday, up 29 cents, or 5.8 percent. [more]

  • Renderings of the American Dream Meadowlands

    Renderings of the American Dream Meadowlands

    American Dream Meadowlands, a planned retail and entertainment complex next to MetLife Stadium in East Rutherford, N.J., may finally be moving forward thanks to progress on both the financial and legal fronts. [more]

  • artisan5

    The Artisan at 1400 Clinton Street and 1440 Grand Street in Hoboken

    Half of the units at the Artisan, a two-building rental project in uptown Hoboken, have been leased after four weeks, the developer told The Real Deal exclusively. [more]

  • Jersey City

    Jersey City

    China Construction America has purchased a 1.1 million-square-foot building on the Jersey City waterfront, marking the firm’s second all-cash real estate deal in the New York area since April. [more]

  • Newark Mayor Cory Booker

    Newark Mayor Cory Booker

    The Newark Downtown Core Redevelopment Corp., an organization founded in 2005 to develop the area surrounding Newark’s Prudential Center sports arena, stands accused of earmarking multi-million dollar construction contracts to companies that donated to Newark Mayor Cory Booker‘s campaign. [more]

  • 77 Hudson Street

    77 Hudson Street

    A two-bedroom penthouse on the 48th floor of Hovnanian Enterprises’ 77 Hudson condominium tower in Jersey City has set a new record price for a condo in the city with a $2.8 million sale. [more]

  • Tk captioni

    Aerial view of Newark’s Teachers Village and Michael Vann (inset)

    The restaurateur behind New York City’s legendary Shark Bar and an up-and-coming Harlem fitness authority are leading a pack of retailers opening at the $150 million Teachers Village project in downtown Newark. [more]

  • 130 Court Street, Newark

    130 Court Street, Newark

    A rowhouse once owned by Cory Booker, Newark’s mayor and Democratic nominee for U.S. senator, has become a squatter haven. [more]

  • From left: NY Jets owner Woody Johnson, American Dream Meadowlands rendering and NY Giants co-owner John Mara

    From left: NY Jets owner Woody Johnson, American Dream Meadowlands and NY Giants co-owner John Mara

    A New Jersey judge has declined to dismiss a lawsuit the New York Giants and New York Jets brought against Triple Five Group’s proposed American Dream Meadowlands megamall. [more]

  • Renderings of the American Dream Meadowlands

    Renderings of the American Dream Meadowlands in East Rutherford, N.J.

    A massive entertainment complex in East Rutherford, N.J., now dubbed American Dream Meadowlands, is on the brink of major deals with several notable retailers. [more]

  • Rendering of LG Electronics' proposed New Jersey headquarters

    Rendering of LG Electronics’ proposed New Jersey headquarters

    The New Jersey Superior Court has given the go-ahead for LG Electronics to move forward with its plan to build an office tower just beyond the Palisades, according to DNAinfo. [more]

  • From left, HUD Secretary Sean Donovan, damage done to the Jersey Shore by Hurricane Sandy

    From left, HUD Secretary Shaun Donovan, damage done to the Jersey Shore by Hurricane Sandy

    In its competition to help rebuild areas hit hardest by Superstorm Sandy and to protect them from future storms, the U.S. Department of Housing and Urban Development has narrowed the finalists down to 10 architectural teams, Crain’s reported. [more]

  • Buying a memorable staycation

    July 28, 2013 12:00PM
    South Down Lakes Region, N.H.

    South Down Lakes Region, N.H.

    From Luxury Listings NYC: If you ask Dan Dicarlo where to find value, the 42-year-old retired Wall Street trader will tell you the Sandy-ravaged Jersey Shore. That’s where he found his second home. [more]

  • Christy Romero

    Christy Romero

    A report released by the Treasury Department’s Troubled Asset Relief Program reveals that its mortgage modification program appears to have been helping servicers more than homeowners, the New York Times reported.

    The report, by Christy Romero, the special inspector for TARP, reveals that although more than a third of homeowners who received loan modifications under TARP’s mortgage modification program have since stopped paying, banks and other mortgage servicers kept the money they received for modifying those loans. [more]

  • Riverfront Park in Newark

    Riverfront Park in Newark

    In an effort to revamp and clean up the Passaic River, Plans for the construction of a waterfront park in Newark, New Jersey along the polluted river are continuing, the New York Times reported. [more]

  • Guy Geier

    Guy Geier

    The largest construction and architecture firms are seeing healthy growth in their employment figures, suggesting a rebound in building activity, Crain’s reported.

    Full-time employment at the top construction companies was up 1.6 percent in 2012, while the number of architects at the largest firms was up 8 percent from a year earlier. Though the job gains at many architecture firms were less than those seen in the first years of the millennium, there are those who insist that ultimately, that is a good thing. [more]

  • Urszula Zoltek

    Urszula Zoltek

    Winick Realty Group, which opened its first New Jersey office in 2012, announced the launch of a new investment sales division in the Garden State. The new division, to be based out of the company’s Cranford, N.J., office, will focus on a variety of areas — net-leased investment-grade properties and shopping centers among them.

    The firm has hired Urszula Zoltek, who formerly worked in Marcus & Millichap’s New Jersey office, to head the new department. [more]

  • From left: the Long Branch cottage and Bruce Springsteen

    A two-bedroom cottage where rock star Bruce Springsteen wrote his “Born to Run” album has hit the market for $350,000, the Asbury Park Press reported. The Boss, though, never owned the home, in Long Branch, N.J. He was a mere renter in 1974 and 1975, when he crafted his string of hits, including “Tenth Avenue Freeze Out.” [more]

  • Jackson Twenty-One renderings

    Real estate developer Mitch Leigh hopes to break ground on Jackson Twenty-One — a Jackson Township, N.J. residential complex that’s been more than two decades in the making — this spring or summer, the New York Times reported. And Leigh, the Tony Award-winning composer of “Man of La Mancha,” has a friendly pitch for would-be buyers: “If you’re not a nice person, please don’t call.” [more]