Real Estate

Mar 9, 2012

Officials tout advantages of new statewide growth plan

A panel of state officials today promised new levels of coordination among local governments and state agencies, as the Chris Christie administration pushes a new statewide plan for redevelopment and environmental preservation.

Mar 9, 2012

HFF arranges 400M in refinancing for multifamily portfolio

Florham Park-based Holliday, Fenoglio, Fowler L.P. announced Thursday it has arranged $400 million in refinancing for a five-property, 2,600-unit multifamily housing portfolio in Hoboken and Washington, D.C.

Mar 7, 2012

Builders discuss value of state’s economic development tools

New Jersey's tools for economic and business growth were on full display today, as a panel of state officials and executives told developers, brokers and real estate professionals of the impact of key incentive programs and other resources.

Mar 6, 2012

Expert Foreclosure backlog too mighty to be solved by proposed bill

A bill advancing in the Assembly that would use affordable housing funds to purchase foreclosed homes would not address the severity of the foreclosure backlog, an industry expert said.

Mar 6, 2012

Disaster buyouts get mixed response from local officials

Local officials in one oft-flooded North Jersey town are counting on big savings through the federally supported buyouts of high-risk properties, but at least one mayor said the township could be left footing a heavy bill that won't relieve future storm recovery costs.

Mar 2, 2012

Strategic plan’s comment period ends on favorable note

Business owners and trade groups have turned out in recent weeks to voice their support for the Chris Christie administration's plan for economic growth and environmental preservation, the head of the state's planning agency said today.

Mar 2, 2012

Newark officials offer details on Passaic River development

One of Newark’s next big economic development projects will likely be a 250,000-square-foot distribution center along the Passaic River, city officials said last week.

Mar 1, 2012

State prepares record-low mortgage rate to spur home sales

A record low mortgage interest rate introduced today by the Department of Community Affairs and the New Jersey Housing and Mortgage Finance Agency will boost the state's real estate market and drive economic recovery in time for the spring homebuying season, agency officials and industry leaders said.

Feb 29, 2012

W. New York project showcases changing model of subsidies

The construction of Jaclyn Heights, a new affordable-housing community in West New York, is being financed by developer incentives under the New Jersey Housing and Mortgage Finance Agency, demonstrating movement away from subsidizing tenants and toward incentives for builders, a developer said.

Feb 28, 2012

Expert N.J. housing market ready to handle outcome of foreclosure case

The Supreme Court of New Jersey upheld an appellate decision Monday morning on one of the cases experts say is holding up the state's foreclosure processing — but the timing may work out in the state's favor.

Feb 24, 2012

Broker predicts retail rents have hit bottom

The picture for retail leasing in northern and central New Jersey continues to improve, boosted by a series of recent transactions in those regions going back to late last year, according to the brokerage firm Goldstein Group.

Feb 24, 2012

Choose N.J.’s new home signifies growth

Choose New Jersey, the marketing arm of Gov. Chris Christie's three-part economic development group, took on its first independent space in Princeton after increasing its staff and expanding its strategic plan to bring more businesses to the state.