As those in the real estate industry continue to follow the many homebuyers, renters and investors to Northern New Jersey, so too does The Real Deal. For our first-ever New Jersey Market Report supplement, we take a quick trip outside the city and explore what’s happening in residential and commercial markets around Hudson, Bergen, Union and Monmouth counties.
We’re not the only ones headed for Northern New Jersey, however. As the region experiences a mixed bag of bargain real estate and record-breaking sales, we look at the new brokerages and established players opening up shop across the Hudson.
Jonathan Kushner, the less-famous cousin of 34-year-old real estate whiz kid Jared Kushner, is also trying to hit it big in Jersey. Kushner Real Estate Group, which ranked #2 our list of top Hudson County developers, is hard at work at a number of projects in the area, including Journal Squared, which is slated to be among the tallest towers in the state.
With new buildings rising in the neighborhood, there seems to be just one question left to be asked: is Jersey City the new Brooklyn? The Real Deal dives deep into the city’s growing cultural scene, which is attracting a flock of artists looking for cheaper real estate and a speedy commute to Manhattan.
Also on tap is a look at what’s driving the huge growth in Northern New Jersey’s industrial market and why the same can’t be said of the office market there. On the lighter side, we round up Northern New Jersey’s a-list buyers and sellers, like rapper-turned-actor Ice-T and “Real Housewives of New Jersey” star Teresa Giudice, who just traded in her 10,000-square-foot manse for a federal prison cell.
Click TRD’s magazine tab in the top navigation bar to check out the rest of the supplement. Happy reading! — Kerry Barger