The Real Deal New York

New Jersey Market report Issue

Northern NJ home values hit record-breaking heights

Wealthier counties are seeing many cash buyers, which is good news
amid fears of an interest rate hike

New Jersey’s residential luxury market, particularly in well-heeled Bergen, Hudson and Essex counties, is topping the charts when it comes to expensive real estate. Realtors say a steady uptick in […]… [more]

A lesser-known Kushner
bets big on Jersey

Kushner on his $1 billion luxury development Journal Squared, and where he thinks the market is headed

Jonathan Kushner may live in Manhattan, but the 37-year-old president of the Kushner Real Estate Group is betting big on Jersey City. His Bridgewater, New Jersey-based company owns and manages […]… [more]

Jersey City:
The new Brooklyn?

An influx of artists is transforming the area into a creative scene that developers can brag about

A refurbished tobacco factory in Jersey City, now home to a sprawling arts complex called Mana Contemporary with studios, exhibition spaces and museum archives, is drawing crowds and undergoing an expansion. […]… [more]

Industrial market looks up

Distribution centers multiply in North Jersey, spurred by the growing needs of e-commerce businesses

Duke Realty welcomed the first warehouse it ever developed in New Jersey last October, in Linden. A second opened there in April. The construction projects follow the Indianapolis-based real estate […]… [more]

More schools + more
families = more building

Schools expand programs and take more space to meet demand as developers build bigger units

In recent years, Hudson County private schools have grown rapidly in response to the uptick in demand from families who want to raise their children in the area. Some families […]… [more]

New brokerages open offices to seal deals in Hudson County

Despite a decline in the overall number of agents, the region is fertile ground for those still in the game

Developers aren’t the only real estate players making the most of surging interest in the Gold Coast. Brokers are in on it, too. Early last year, long-time Hoboken broker Renée […]… [more]

A-listers on the move

Ice-T, Sean “Diddy” Combs and Nick Cannon among those buying, selling or leasing homes in Northern New Jersey

With its vast array of multimillion dollar estates just minutes from Manhattan, New Jersey has attracted silver screen celebrities, professional athletes and Wall Street titans for years. The state features […]… [more]

Old homes come down
as the market heats up

Teardowns are back in vogue as
small developers place big bets
on residential real estate

With new home building picking up steam in the Northern New Jersey suburbs, investors like Joe Gorga — a cast member of “The Real Housewives of New Jersey” and brother […]… [more]

Developers dig the Gold Coast

A ranking of the top firms in Hudson County by number of units recently
built and in the pipeline

Hudson County, which includes urban areas like Jersey City, Hoboken and Weehawken, is radiating cool these days, with its hip restaurants, arts scene and proximity to New York City. That […]… [more]

Northern Jersey office leasing market stuck in neutral

State incentive programs look to counter challenges including older buildings, lack of modern amenities

Despite some momentum from tenants relocating from Manhattan, the office leasing market in Northern New Jersey continues to crawl along. The 26 percent… [more]

Jersey’s malls buck
national trend

Wealthy Garden State residents make for low vacancy and strong sales at upscale shopping centers

While malls across the country struggle to survive, their more chichi brethren — upscale shopping centers — are thriving, raking in sales that more than double the national average. Industry insiders like Howard Davidowitz, […]… [more]

Squeezing high-end housing into Hoboken’s waterfront

Developers build more luxury condos to satisfy both New York transplants and growing young families

At first glance, you’d think Hoboken couldn’t squeeze in another square inch of residential construction. Not only is it just one square mile, but development in the former industrial city […]… [more]

Top 10 building sales in Northern Jersey

Some of the region’s hottest retail, commercial and residential properties changed hands over the past year

1) 651 Kapkowski Road (Mills at Jersey Gardens), Elizabeth Property Type: Retail Sale Price: $951.6M Listing Brokerage: N/A Sale Date: 1/15/15 Buyer:… [more]

How rival states stack up

A certain subset of New Yorkers (read: hipsters with growing families) likes to think they recently “discovered” New Jersey. While this is clearly a myopic — and maybe even an antagonistic […]… [more]

Editor’s note

Like the ‘49ers back in the day, who set out on a quest for glittering precious metals, New Yorkers are increasingly heeding the call to “go west,” this time around heading to New Jersey’s […]… [more]