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New Jersey Real Estate Industry News

Direct-to-consumer title insurer OneTitle expands to New Jersey

01/16/2018 “OneTitle has long planned to extend our services to the New Jersey real estate market, but first we needed to find the right partner,” Price said in a separate statement. “Sovereign Title and its CEO Paul Mascera perfectly complement OneTitl

CBRE names team lead of NJ research

01/16/2018 Brokerage firm CBRE recently announced it has named Steven Gardner team lead of its New Jersey Research department ... our regional brokerage teams and – in turn – our clients’ real estate success.” Gardner will work closely with tri-state research ...

A Way Forward for New York-New Jersey Commuters

01/17/2018 It is co-sponsored by Amtrak and New Jersey Transit. In the second phase of the Gateway ... I would suggest a new tax on real estate pass-through entities, exactly offsetting the cuts in the recent tax legislation passed by Congress. To solve the twin ...

On New Jersey's 'Gold Coast,' politics and development clash

01/17/2018 The combination of proximity to New York and a lack of available space — New Jersey is the most densely populated state — has made real estate development both a highly profitable industry and one ripe for abuse. That was evident more than a decade ago ...

2018 North America and Europe commercial real estate forecast

01/16/2018 Rapid change is underway in the world's commercial real estate industry, and the dynamics are in ... Minneapolis, Nashville, New Jersey, New York, Oakland, Orange County, Orlando, Philadelphia, Phoenix, Pittsburgh, Raleigh-Durham, Reno, Sacramento, San ...

NJ Transit pulls vote on Hoboken land acquisition

01/15/2018 Bhalla said the holiday is a call to service, and the residents in attendance were answering that call "but it's not a call to service for New Jersey Transit, that is not why you brought us here today. This was a real estate transaction that was trying to ...

Mandelblatt says New Jersey taxpayers should keep more of what they earn: Backs property tax deduction plan

01/15/2018 Lisa Mandelblatt, a Democratic Congressional candidate for New Jersey’s Seventh District ... but I think it’s one of the more ridiculous comments to think you can take a real estate tax that you are required to make and dress that up as a charitable ...

HFF Arranges NJ Sale

01/09/2018 Just 15 minutes from city center Philadelphia by virtue of its location along the area’s premier commercial thoroughfare, The Highlands at Cherry Hill is convenient to job hubs in Philadelphia and New Jersey along ... of commercial real estate and ...

NJ Atty Suspended After Disbarment In Fla. Over Land Deals

01/12/2018 Law360, Clifton, N.J. (January 12, 2018, 10:31 PM EST) -- The New Jersey Supreme Court has imposed a three-year suspension on an attorney over his allegedly dishonest and fraudulent conduct on behalf of a convicted felon in Costa Rican real estate deals ...

Alan Sagner, NJ developer who backed liberal and Jewish causes, dead at 97

01/13/2018 In 1945 he married Ruth Levin, the daughter of New Jersey real estate developer Maurice Levin. She died in 1995, and a year later he married Lenore Green Schottenstein. They divorced in 2006. Sagner also lived in South Orange before moving to Florida.

The New Tax Plan: When It Comes To Real Estate, There are Still Winners

01/12/2018 But how does it impact real estate? That also depends on a few things ... in a state or municipality with relatively high income and property taxes like New Jersey. That's because the mortgage interest tax deduction only matters if your total deductions ...

Cole Schotz names two new members to NJ office

01/02/2018 One attorney, Robert DiPisa, is now a member of Cole Schotz’s real estate department ... The people here are great," he said. On top of its New Jersey office, Cole Schotz has offices in Delaware, Maryland, Florida, Texas and New York where its 135 ...

New Jersey-Based Clermont Specialty Managers Rebrands as Berkley Luxury Group

01/09/2018 Clermont Specialty Managers, a Berkley Company, is expanding its service offerings nationwide and rebranding as Berkley Luxury Group with two divisions, Berkley Luxury Real Estate Specialists ... business in New York, New Jersey, Illinois, Pennsylvania ...

Changing faces of Erie real estate

01/05/2018 At one time the Erie real estate scene included more than a dozen real estate ... Weichert, which has affiliates in 39 states, was founded in Chatham, New Jersey, in 1969 and expanded throughout the northeastern United States. Heasley plans to increase ...

Kushner Real Estate Company Investigated By SEC

01/06/2018 encouraged Chinese investors to put their money into a New Jersey real-estate development run by Kushner Cos. in return for visas. The marketing materials claimed that up to 300 individuals who put $500,000 each into the project could be eligible for green ...

Nephew Of Ex-UN Head Cops To Real Estate Bribery Scheme

01/05/2018 Law360, New York (January 5, 2018, 1:17 PM EST) -- The nephew of former United Nations chief Ban Ki-moon pled guilty Friday to a foreign real estate bribery plot ... permanent U.S. resident who lives in New Jersey, copped to a count of conspiracy and ...

Who Can Be a Redeveloper of Property in New Jersey?

01/02/2018 A redeveloper is defined by New Jersey’s Local Housing and Redevelopment Law (the ... A property owner who owns real estate in a redevelopment area may still develop its property, but that person’s rights may be limited by a restriction contained ...

Real Estate, Whitney and Woods Share "Auld Lang Syne"

01/02/2018 The festivities peaked during Real Estate’s closing set: The New Jersey-bred group played their Days song “All The Same” until the stroke of midnight and, then brought out the members of Whitney, Woods and other extended family members for a ...

Celeb apartment shopping made 2017 a big year for NYC real estate

01/02/2018 The years 2017 had some serious ups and downs, and the real estate market was no exception ... to purchase an apartment with the hefty price tag of $50,000,000, that is. New Jersey rocker Jon Bon Jovi is livin' on more than a prayer!

Join Leading New Jersey Commercial Real Estate Executives for CAPRE's 2018 Industry Forecast

01/02/2018 Active and innovative New Jersey developers, investors, capital sources, end-users, engineering firms, consultants and public sector executives are making plans to attend CAPRE's 2018 New Jersey CRE Forecast on January 23 JERSEY CITY, N.J., Jan. 2, 2018 ...

Industrial Real Estate Being Added to Global Investors’ Portfolios

12/22/2017 According to global property advisor CBRE, strong international investor appetite for logistics real estate fueled by e-commerce growth ... Los Angeles/Orange County, New Jersey and Inland Empire, each of which recorded cap rates of between 4.00 and ...

Owner of ShopRite property in Niskayuna buys more real estate

12/30/2017 Real estate investors based in Manhattan increased their ownership ... ShopRite, a wholly-owned subsidiary of Wakefern Food Corp. of New Jersey, has a 20-year lease on the property. ShopRite Square includes another wing with about 45,000 square feet ...

NAIOP New Jersey 2017 Deal of the Year Awards: Call for Entries, Due Jan 26

12/30/2017 Middlesex-Somerset-Hunterdon, NJ December 30, 2017 – NAIOP New Jersey, the commercial real estate development association, is accepting entries for the 2017 Deal of the Year Awards. The awards will be presented at the 31st Annual Commercial Real Estate ...

NJ folks rush to pay 2018 property taxes

12/29/2017 In Haddonfield, New Jersey several hundred people have been flocking to the tax collector's office to pay their 2018 property taxes before the new year kicks in. But why? Former Mayor Jack Tarditi said, "So I don't get clocked as much as I'm gonna get ...

See The NJ Homes Celebrities Sold, Listed In 2017

12/29/2017 Ok, yes we know they're famous. But they also have another common trait: they were part of the 2017 real estate landscape here in New Jersey. Yes, 2017 saw plenty of New Jersey celebrities making moves. From hockey coaches to reality TV stars, there was no ...

One of New Jersey's Top Retirement Income Planners, William J. McLaughlin, Offers Retirees Free Seminar to Cut Taxes

12/28/2017 Retired business owners, executives and professionals are invited to a free, private briefing to find out how to reduce income taxes and estate taxes on their IRA ... He and his wife live in Wall, NJ, where they enjoy the natural beauty of the New Jersey ...

Jan. 22: NAIOP NJ to Host Commercial Real Estate Outlook

12/26/2017 SHORT HILLS, NJ – How will federal tax reform and New Jersey's new administration impact the economy and commercial real estate? Can industrial maintain its momentum? What's on the horizon for the office, retail and multi-family markets? These questions ...

NAIOP NJ to Host Commercial Real Estate Outlook

12/26/2017 SHORT HILLS, NJ – How will federal tax reform and New Jersey's new administration impact the economy and commercial real estate? Can industrial maintain its momentum? What's on the horizon for the office, retail and multi-family markets? These questions ...

New Jersey lowers assumed rate of return to 7%

12/21/2017 The New Jersey Pension Fund's assumed rate of return has been reduced ... four were alternative investments — buyouts/venture capital, real estate, global diversified credit and debt-related private equity. For the 12 months ended June 30, 2017, the ...

NJ home sales: Will the tax bill hurt them?

12/18/2017 But home ownership, I think, is an advantage." The federal tax bill adds another hurdle for a New Jersey housing market that has recovered slowly since the real estate bubble burst in 2008. New Jersey's rate of mortgages that are 90 days past due has ...

Beacon Capital Partners cashes out at 601 New Jersey Ave. after successful turnaround

12/20/2017 The Boston-based firm sold the Class A office building to an affiliate of Principal Real Estate Investors LLC ... led the General Services Administration to shift the FTC from 601 New Jersey Ave., where it leased about 217,000 square feet at 601 New ...

Billionaire real estate developer on tax bill impact

12/20/2017 Don Peebles, The Peebles Corporation, discusses the tax bill impacting property in high-tax states like New York, New Jersey, and Connecticut. House Republicans vote to send massive tax overhaul to Trump's desk

2018 real estate forecast: foggy, lukewarm

12/21/2017 Going into 2018, Chicago-area homebuyers and sellers will be contending with both national and local headwinds that, may make for a tepid real estate market ... while in New York and New Jersey it's more than 20 percent and in some cases as high as ...

GOP Tax Cut Hits Many NJ Homeowners Hard, Governor Among Them

12/20/2017 TRENTON, NJ. (CBS) — Homeowners who will see their ability to deduct real estate and local taxes limited are among those none too thrilled with President Trump’s tax cut plan. And you can count New Jersey’s Governor among them. In meeting with ...

In One New Jersey Town, Pending Tax Changes Create Anxiety

12/18/2017 “They’re crippling us,” said Walter Levine, who has lived in this New Jersey community since 1976 ... of life will probably rule the day,” he said. Punam Bhargava, a real estate agent with Berkshire Hathaway HomeServices who said she had sold ...

Marquee real estate projects worth $234 million move forward

12/18/2017 On Dec. 13, New Jersey-based Mac Properties and Antheus Capital applied for a $9.1 million building permit to start foundation work for its planned $130 million apartment high-rise in the Central West End at 100 Kingshighway Blvd. Then two days later ...

Vineyard Estate, Resort-Style Oasis, 14-Car Garage: NJ Wow Houses

12/17/2017 Are you in the market for a new home or just a real estate buff? Here's a look at some of the properties making a splash in New Jersey: For the property owner who wants to have everything, there is this 9,000 square foot Red Bank mansion for $8.38 million.

Two 30 Year Old Best Friends Launch App to Be the #GAMECHANGER for Real Estate

12/15/2017 Jeff VanNote (30) and partner Zack Evans (32) got an early Christmas present this year, after a 5 month process to build out the foundation to their first Real Estate App ... at Birch Nightclub in Hoboken, New Jersey, from 7PM-9PM. The event is FREE ...

Hold your nose, NJ — the tax plan cometh

12/12/2017 We’ll probably revisit this plenty in the future, but whatever your politics, this is an abysmally bad deal for New Jersey. For starters ... pull out for a low-cost state in the flatlands. The real estate industry, one of the state’s most important ...

Lidl adjusts real estate strategy

12/11/2017 Any new lease agreements will follow the retailer’s reported cancellation of multiple deals. According to a report by NJ.com, the German discounter has placed the opening of a New Jersey location on hold due to what appears to be financial hardship.