By Ken Tarbous
February 22, 2012 01:11 PM
Sales of existing homes in the United States climbed in January to their highest level since May 2010, with sales in the Northeast growing as well, according to the National Association of Realtors.
By Joshua Burd
February 17, 2012 04:36 PM
The state’s Urban Transit Hub tax credit program has reached a crossroads, and in September, the Economic Development Authority will decide whether to shift more of its credits to a swelling pipeline of residential projects that for now have been sidelined.
Until then, the agency says it will be gauging the demand from commercial builders and developers of offshore wind power, who each have until January to apply for the lucrative incentive program. Such planning efforts could be made irrelevant, though, by a bill that would add another $1 billion to the program’s bank.
By Katie Eder
February 15, 2012 03:08 PM
The court battle over the fate of the Council on Affordable Housing continued today, with the Fair Share Housing Center arguing a move by the Gov. Chris Christie administration to bring COAH's duties under gubernatorial oversight is unlawful.
By Joshua Burd
February 14, 2012 02:04 PM
The state Economic Development Authority will temporarily stop accepting applications for residential projects under the Urban Transit Hub tax credit program, agency officials said today, as the demand for residential tax credits has outpaced availability.
By Katie Eder
February 14, 2012 11:50 AM
New Jersey has mounted a well-publicized effort to attract a distribution center for Amazon.com Inc., but the online retail giant today announced it has chosen Delaware for the site of a new warehouse, leaving it unclear what the retailer's future in the Garden State may be.
By Katie Eder
February 14, 2012 12:09 PM
The completion of 69 commercial lease transactions in northern and central New Jersey by Matawan-based real estate developer Denholtz Associates in the fourth quarter of 2011 suggests that companies are increasingly willing to expand their space, according to its President Stephen Cassidy.
By Joshua Burd
February 10, 2012 03:42 PM
The origin of what has become a key milestone for the state’s Economic Development Authority came in July 2009, when the Urban Transit Hub tax credit program was amended to include sites serviced by freight rail.
That quickly drew an inquiry from Daily News L.P., the New York newspaper publisher, which approached EDA officials with a plan to upgrade its Jersey City production plant. More than two years later, the company became the first business to receive a tax credit for a completed project under the incentive program — and its decision to sell its credit may become an ongoing theme as other companies eventually complete their projects.
By Katie Eder
February 13, 2012 09:36 AM
The educational arm of Lakewood-based Madison Commercial Real Estate Services, Madison Learning Center, will expand its offering of free continuing education seminars for commercial real estate professionals.
By Andrew Kitchenman
February 10, 2012 03:52 PM
With the construction market continuing its slow thaw, the state's homebuilders are rallying behind a bill to keep the current permits valid for another two years.
The effort, which would keep current permits approved through Dec. 31, 2014, faces resistance from both local governments and environmental groups, but has drawn a broad coalition of bipartisan sponsors.
By Joshua Burd
February 9, 2012 02:01 PM
There was no shortage of accolades for developer Ron Beit at a groundbreaking ceremony held today for the mixed-use Teachers Village project, in Newark. But only one of the compliments involved comparisons to both sled racing and a musical icon.
By Joshua Burd
Katie Eder
February 8, 2012 03:02 PM
Residential real estate developers are playing a key role behind the push to pump another $1 billion in incentives into the Urban Transit Hub tax credit program, according to people familiar with the process.
By Joshua Burd
February 7, 2012 02:27 PM
Pearson Education on Tuesday formally committed to keeping 900 jobs from leaving New Jersey, as the textbook publisher held a ceremony to sign a lease at its future new headquarters in downtown Hoboken.
By Katie Eder
February 7, 2012 02:02 PM
Published reports that Fresh Direct turned down a $100 million offer from the Economic Development Authority to move its operations to New Jersey are incorrect, according to an EDA spokeswoman, who said the agency hadn't decided whether to approve tax credits for the online grocer.
By Jared Kaltwasser
February 7, 2012 02:07 PM
A new real estate school will open this month to help real estate professionals meet new state licensing requirements.
By Joshua Burd
February 3, 2012 11:46 AM
John Schreiber has only known Al Koeppe for seven months, but it hasn't taken him long to learn what many New Jersey business and political leaders have known for decades.
"I think of him as a wise man," said Schreiber, who took over in July as the head of the New Jersey Performing Arts Center, in Newark. "He's a guy who has run corporations, he's a guy who's been involved in government, and I see him as a go-to guy for the best advice and best practices."
