The Real Deal New York

New Jersey June 2017 Issue

Mack-Cali’s major role reversals

Unanswered questions on the leadership switch at NJ’s largest REIT abound, but the firm’s reinvention strategy is paying dividends

Was Mitch Rudin’s demotion at Mack-Cali a shake-up in sheep’s clothing?… [more]

Ranking top brokerages in the residential rat race

The seller’s market has agents scurrying for leads using new platforms

When it comes to eager buyers, the Northern New Jersey market is hardly lacking. And that means that for the brokers competing to woo them, every outreach tool must be […]… [more]

Eastern promises

Investors from China, Korea and Kuwait, among others, are eying Garden State properties

Foreign investment in New Jersey real estate made international news in May when Nicole Meyer, sister to White House senior advisor and Trump son-in-law Jared Kushner, invoked her brother … [more]

Infrastructure meltdown?

Projects like Gateway could bring many of new buyers and renters to North Jersey, but funding remains a giant question mark

New Jerseyans commuting to and from Penn Station this summer may begin to question the value of living in the prized neighborhoods that bill themselves as “convenient” to New York […]… [more]

Safety in the suburbs

A ranking of the biggest leases in Northern New Jersey shows activity in the office market is moving inland

As residents continue to pour into the coastal cities of Jersey City and Hoboken, corporations seem to be headed in the opposite direction: inland. Though it flies in the face […]… [more]

Survival of the fittest

Building in the Garden State is a challenge even for the state’s most active developers

It’s not just any old developer who can hack it New Jersey. The conditions are challenging even during boom times, with a scarcity of land and scads of competing firms […]… [more]

Waiting for a new Newark

After over a decade of oft-reported efforts to revitalize the city, signs of progress are trickling in

If Newark is actually finally officially revitalized — considering that news of its rebirth has been reported since roundabout 2005 — quinoa salad may represent a turning point. In March, […]… [more]

Market snapshots:
Beyond Northern NJ

Tax incentives draw businesses south while the live-work-play model arrives
in Somerset County

Union County Just south of the hot counties of Essex and Hudson, Union County is seeing spillover demand, with… [more]

The experiential differential

The Garden State’s long-suffering retail spaces are reinventing themselves by offering something you just can’t get online

The retail sector continues to reinvent itself in the well-to-do, densely populated northern counties of New Jersey. In a bid to counter the impact of e-commerce and big-box store closures, […]… [more]

Be our guest

A rise in demand leads New Jersey’s hoteliers to raise their room rates — but a slew of new projects due to hit the market may have them reversing course

With several Atlantic City hotels shuttering between 2014 and last year, it seemed as if the only hotel news coming out of New Jersey was negative. But statistics… [more]

The teardown lowdown

Profit margins could soon shrink for contractors building pricey spec homes

Suburban living in Northern New Jersey remains as in-demand as ever. Inventory of single-family homes slid more than 25 percent across Bergen, Passaic, Morris, Essex and Hudson counties from March […]… [more]

Jersey’s shore thing

The five oceanside counties enjoyed an increase in tourism spending last year while home prices inched upwards across the board

The tide is high for Garden State tourism, which saw an uptick in visitor numbers in 2016 for the seventh straight year, according to a state analysis. Unsurprisingly, half of […]… [more]

Assessing Cory Booker’s real estate deeds

The U.S. senator’s past as a pro-development mayor pays dividends today

Cory Booker’s favorite building isn’t in New Jersey. By some definitions, it isn’t even technically a building. It’s where his parents went on their first date — the Jefferson Memorial […]… [more]

Editor’s note: The Garden State blooms

The pace of life rarely slows in New Jersey, where an increasingly crowded market means that both commercial and residential players are always looking for a competitive edge. As one […]… [more]