Redevelopment of Parsippany Office Park Comes with Multilayered Approach to Sustainability

Haytham Haidar, CEO of PARQ Builders, is spearheading the redevelopment of Parsippany’s Lanidex Plaza into a walkable, sustainable residential community that caters to hybrid workers, whose first phase is slated to include 600 luxury apartments and townhomes with retail, amenities and acres of open space.

 

https://re-nj.com/redevelopment-of-parsippany-office-park-comes-with-multilayered-approach-to-sustainability/https://www.bisnow.com/national/news/capital-markets/biden-budget-proposes-end-to-1031-exchanges-118036?utm_source=outbound_pub_191&utm_campaign=outbound_issue_65840&utm_content=outbound_link_5&utm_medium=email


Biden Budget Proposes End to 1031 Exchanges, Carried Interest Tax Break

President Joe Biden's proposal for the next federal budget includes a number of tax increases as well as a plan to eliminate two tax advantages for real estate: the 1031 exchange and the carried-interest tax break.

 

https://www.bisnow.com/national/news/capital-markets/biden-budget-proposes-end-to-1031-exchanges-118036?utm_source=outbound_pub_191&utm_campaign=outbound_issue_65840&utm_content=outbound_link_5&utm_medium=email


Construction begins on new 125-unit Princeton apartment project, WinnCompanies says

WinnCompanies has broken ground on a $63 million project that will bring 125 luxury apartments to Princeton, with plans to expand a nearby park as part of the development.

 

https://re-nj.com/construction-begins-on-new-125-unit-princeton-apartment-project-winncompanies-says/


AMS unveils 96-unit luxury rental complex in East Brunswick

Development firm AMS Acquisitions has taken the wraps off a new 96-unit luxury apartment complex in East Brunswick, in the latest addition to its portfolio in the region.

https://re-nj.com/ams-unveils-96-unit-luxury-rental-complex-in-east-brunswick/


Here's what the median home sales price will get you around N.J

Home values were up 12% in 2020, 16% in 2021 and ended 2022 with a more typical increase of 4%, according to data from the Otteau Group.

https://www.nj.com/realestate-news/2023/03/heres-what-the-median-home-sales-price-will-get-you-around-nj.html


Accurate’s pipeline is surging, with an aggressive (but long-term) approach to development

Accurate is planning a late winter groundbreaking for the first of nine phases at CitiSquare Newark. The project is slated to have 11 buildings with 4,200 apartments and 100,000 square feet of commercial space.

https://re-nj.com/accurates-pipeline-is-surging-with-an-aggressive-but-long-term-approach-to-development/