Concrete Prices Lead Building Material Prices Higher
Ready-mix concrete (RMC) prices continued their historic pace as the index increased 0.8% in February after gaining 0.7% in January (revised). RMC prices have increased in all but two months since January 2021.
Paladino: HELIX Will Include 42-Story Mixed-Use Building (With 220 Units of Residential)
A 42-story, mixed-use building that will include 37 floors of residential featuring approximately 220 units of housing will be part of the HELIX project in New Brunswick, master developer Chris Paladino said. The building will be the tallest in Middlesex County.
JMF Luxury Rental Community Now Open for Leasing in Morris Plains
The American delivers 125 brand-new luxury rental residences to Morris Plains, along with a new pedestrian walkway that connects the community to the train station and the many shops and downtown restaurants.
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.
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.
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.
For Sanofi, move to Morristown is commitment to its workforce- and N.J.
Officials at Sanofi celebrated the announcement that the company is moving 1,900 employees from Bridgewater to M Station in Morristown, creating an environment conducive to a hybrid workforce.
Why developer is calling East Orange ‘next big thing’
Developer Yuval Shram, the founder and CEO of TAY Investments, said he fell in love with the lot at 1 South Burnet St. because of the municipality in which it was located: East Orange.
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.