Trump’s Son-In-Law Behind New Luxury Development Replacing Hotel In North Jersey Trump’s Son-In-Law Behind New Luxury Development Replacing Hotel In North Jersey
Trump’s Son-In-Law Behind New Luxury Development Replacing Hotel In North Jersey Construction is officially underway on a major new residential project in North Jersey backed by a firm with ties to President Donald Trump. Kushner Companies, the real estate developer owned by Trump’s son-in-law Jared Kushner, broke ground on Thursday, June 26, on a 280-unit apartment complex at the site of the former Westminster Hotel. Located at 550 West Mt. Pleasant Ave., the new community will be called Livana Livingston, part of Kushner’s Livana residential brand. The property spans nine acres and includes the adjacent parcel where the former Somerset Regal Bank building once stood. …
NJ Mansion Tax: Lawmakers Just Quietly Passed A New Bill That Makes Selling Way More Expensive NJ Mansion Tax: Lawmakers Just Quietly Passed A New Bill That Makes Selling Way More Expensive
NJ Mansion Tax: Lawmakers Just Quietly Passed A New Bill That Makes Selling Way More Expensive New Jersey’s luxury real estate market was thrown into turmoil after lawmakers passed a sweeping mansion tax bill on Monday, June 30, shifting the state’s high-end realty transfer fee from buyers to sellers and adding steep new tiers up to 3.5%. Under the new law, Assembly Bill 5804, sellers of homes over $1 million will absorb what had historically been a 1% buyer-paid fee, with significant increases for higher-value properties. The rates for sellers rises to: 2% over $2 million 2.5% over $2.5 million 3% over $3 million 3.5% over $3.5 million That means a seller of a $4 million home will …
New Home Sales Sink In May, Supply Hits Three-Year High As Trump Tariffs Strain Market New Home Sales Sink In May, Supply Hits Three-Year High As Trump Tariffs Strain Market
New Home Sales Sink In May, Supply Hits Three-Year High As Trump Tariffs Strain Market New home sales plunged in May while housing supply surged to a three-year high, as rising prices, growing inventory, and the impact of President Donald Trump's tariffs deepened the US housing slowdown. Sales of new single-family homes fell to a seasonally adjusted annual rate of 623,000 in May, the US Census Bureau and Department of Housing and Urban Development said on Wednesday, June 25. That's down 13.7% from April and 6.3% from May 2024. The total also fell far below Wall Street's expectations. The Dow Jones had forecasted 695,000 sales for May, CNBC reported. The actual figur…
1.2M-Square-Foot Warehouse Proposed At Former Sheraton Crossroads In Mahwah 1.2M-Square-Foot Warehouse Proposed At Former Sheraton Crossroads In Mahwah
1.2M-Square-Foot Warehouse Proposed At Former Sheraton Crossroads In Mahwah Just weeks after the iconic Sheraton Crossroads hotel in Mahwah was imploded, redevelopment plans filed with the township show a massive new warehouse facility is proposed to rise in its place. The proposal calls for a 1.2 million-square-foot logistics center, which includes approximately 1.2 million square feet of warehouse space, plus 11,000 square feet of main office space and 1,500 square feet of shipping and receiving office space, according to site plans filed on June 16. The building would rise 40 feet high and include 175 loading dock doors and 4 drive-in doors, according to archite…
New Jersey Home Listed For $1 — Yes, That's Right New Jersey Home Listed For $1 — Yes, That's Right
New Jersey Home Listed For $1 — Yes, That's Right A Newark home can be yours, as long as you have a dollar to spare. The house at 28 Reynolds Pl. has been listed for $1. And while you probably can't own the home for a simple George Washington, it's created quite a stir on the real estate market. Brendan DaSilva, who listed the 3-bedroom, 2-bathroom home, said he has seen homes suffer from being overpriced, but never saw a listing suffer from being undervalued. "The market dictates value, regardless of the listing," DaSilva, who has sold nearly 1,000 homes, 400 in Newark alone, said. Since the $1 listing went up, DaSilva said he receives …
Builder Confidence Sinks Near Pandemic Low As Trump Tariffs Worry Homebuyers Builder Confidence Sinks Near Pandemic Low As Trump Tariffs Worry Homebuyers
Builder Confidence Sinks Near Pandemic Low As Trump Tariffs Worry Homebuyers Homebuilder confidence just sank to its third-lowest level since 2012 as President Donald Trump's sweeping tariffs and stubbornly high mortgage rates scare off prospective homebuyers. Builder sentiment dropped two points to 32 in June, according to the National Association of Home Builders/Wells Fargo Housing Market Index released on Thursday, June 17. That's barely above the readings of 31 in December 2022 and 30 in April 2020. In the Northeast, sentiment slipped one point to 43 on a three-month moving average. A score above 50 means more builders see conditions as good than poor…
Estate Featured In Netflix’s 'Zero Day' Starring Robert De Niro Listed For $15M Estate Featured In Netflix’s 'Zero Day' Starring Robert De Niro Listed For $15M
Estate Featured In Netflix’s 'Zero Day' Starring Robert De Niro Listed For $15M A stunning estate featured as a key filming location in the Netflix thriller series "Zero Day" is now on the market for $15 million. Known as Rabbit Hill, the 22-acre Westchester estate at 842 Sleepy Hollow Road in Briarcliff Manor blends old-world grandeur with modern comfort and cinematic appeal, according to its listing by Compass.  Originally built in 1929 and restored in 2016, the Georgian-style mansion recently served as a principal location for "Zero Day," a political conspiracy drama that aired in February 2025 and stars Robert De Niro, who also co-created the show.  The…
Home Listings Surge To Record $698 Billion As Buyers Back Off Home Listings Surge To Record $698 Billion As Buyers Back Off
Home Listings Surge To Record $698 Billion As Buyers Back Off A swelling supply of unsold homes and a slowdown in buyer activity have sent the housing market to a record high — $698 billion in total listings, the largest dollar value seen in more than a decade. That figure, reported by Redfin, is based on the combined asking prices of all active home listings across the US at the end of April. It marks a 20.3 percent increase from one year ago, and the highest value since Redfin began tracking the data in 2012. Much of that growth is driven by stale inventory. More than $330 billion worth of homes have sat on the market for 60 days or longer, accordin…
$25M Sale Will Transform REI Lot In Paramus Into Multi-Family Apartment Complex $25M Sale Will Transform REI Lot In Paramus Into Multi-Family Apartment Complex
$25M Sale Will Transform REI Lot In Paramus Into Multi-Family Apartment Complex A $25 million real estate deal will bring more than 400 apartments to a site next to Bergen Town Center in Paramus, officials said. JLL Capital Markets announced the sale of the Bergen Town Center Land Site, where a 426-unit multifamily complex will be developed along Forest Avenue near Route 4. The buyer was a joint venture between Russo Development, LLC and KRE Group. The site was sold by Urban Edge Properties, JLL said in the release. The project will roll out in two phases: one with 166 units and the second with 260. Both will offer four stories of apartments over two to three leve…
Zillow To Block Listings That Violate New Rules: Here’s What Gets You Banned For Life Zillow To Block Listings That Violate New Rules: Here’s What Gets You Banned For Life
Zillow To Block Listings That Violate New Rules: Here’s What Gets You Banned For Life Zillow is cracking down on how real estate listings are shared, and agents who break the rules could see their listings blocked from the site for good. Starting June 30, any listing that violates Zillow’s new Listing Access Standards may be permanently removed from both Zillow and Trulia, the company said in a public announcement posted May 20. The standards are based on a simple rule: If a listing is marketed to some buyers, it should be marketed to all buyers, Zillow said. The standards are designed to support transparency and fair access, and mirror the National Association of Realtors’…
$3.88M Lakefront Mansion Is Sussex County's Most Expensive Listing $3.88M Lakefront Mansion Is Sussex County's Most Expensive Listing
$3.88M Lakefront Mansion Is Sussex County's Most Expensive Listing A show-stopping, custom-built lakefront mansion is on the market at $3.88 million, making it Sussex County’s most expensive residential listing. Located at 1 Lakeview Point Ave. on Culver Lake in Frankford, this estate offers more than just real estate—it’s a once-in-a-lifetime opportunity to own a private luxury compound with 300 feet of pristine waterfrontage, according to listing agent Joshua Baris of NJLux. 1 Lakeview Point Ave. NJLux 1 Lakeview Point Ave. NJLux Built in 2017, the 8-bedroom, 8-bathroom home sits on 8.03 gated acres and spans over 8,000 square fee…
Home Sales Suffer Slowest April Since 2009 Amid Trump Tariffs, Rising Mortgage Rates Home Sales Suffer Slowest April Since 2009 Amid Trump Tariffs, Rising Mortgage Rates
Home Sales Suffer Slowest April Since 2009 Amid Trump Tariffs, Rising Mortgage Rates Home sales fell for the second straight month in April, dropping to their slowest pace for the month since the global financial crisis more than 15 years ago. Existing-home sales slipped 0.5% from March to a seasonally adjusted annual rate of four million homes, the National Association of REALTORS (NAR) said on Thursday, May 22. The median price for an existing home rose to $414,000, setting a new April record and marking the 22nd straight month of annual price increases. Sales hit their slowest April pace since 2009, CNBC reported. They were down 2.0% from April 2024, despite ho…
Spring Housing Market Slumps Under Trump's Tariffs, Builders Warn Spring Housing Market Slumps Under Trump's Tariffs, Builders Warn
Spring Housing Market Slumps Under Trump's Tariffs, Builders Warn Homebuilders are warning about a slow spring due to President Donald Trump's sweeping tariffs and high interest rates, according to a new survey. Builder confidence dropped sharply in May, falling to 34 on the National Association of Home Builders/Wells Fargo Housing Market Index released on Thursday, May 15. That's down six points from April, matching the low from November 2023 and marking the worst reading since December 2022. In the Northeast, sentiment slipped three points to 44 on a three-month moving average. A score above 50 means more builders see conditions as good than p…
‘Jersey Shore’ Star Angelina Pivarnick Is Selling Her NJ Home For Just Under $1.8M ‘Jersey Shore’ Star Angelina Pivarnick Is Selling Her NJ Home For Just Under $1.8M
‘Jersey Shore’ Star Angelina Pivarnick Is Selling Her NJ Home For Just Under $1.8M Angelina Pivarnick, one of the original cast members of MTV’s "Jersey Shore," has listed her New Jersey mansion — and it’s going for a cool $1.799 million The four-bedroom, five-bathroom home sits at 3 Bowers Drive in the exclusive Clayton Farms community of Freehold. Pivarnik reportedly moved into the house in 2021. According to the listing, the home spans over 5,500 square feet and sits on a 1.1-acre premium lot. It's packed with high-end finishes — including a custom resort-style yard with a pool. The home, listed by Aleksandr Pritsker of EXP Realty, features a butterfly staircase, two-…
Iconic Paterson Warehouse With Giant Route 80 Sign Hits Market For $13M Iconic Paterson Warehouse With Giant Route 80 Sign Hits Market For $13M
Iconic Paterson Warehouse With Giant Route 80 Sign Hits Market For $13M The Padded Wagon building, a recognizable industrial site with a giant sign towering over Route 80 in Paterson, is officially for sale. The historic complex at 61 State St., known formally as Reinhardt Mills, hit the market with a $13 million asking price, according to listing broker Homer De Leon of The Marmarou Team. The 131,000-square-foot property, owned and occupied by national moving and storage company The Padded Wagon, sits in a prime location with high visibility from the highway. The business is preparing to vacate the site, De Leon said. But beyond its size and visibility, the b…
This $26.5M NJ Estate Could Be Your Personal 'White Lotus' Getaway — But Without The Murders This $26.5M NJ Estate Could Be Your Personal 'White Lotus' Getaway — But Without The Murders
This $26.5M NJ Estate Could Be Your Personal 'White Lotus' Getaway — But Without The Murders If luxury, seclusion, and jaw-dropping views are the formula, this home fits "The White Lotus" mold perfectly — just without the killings and crazy plot twists. Dubbed the “King of the Hill,” this $26.5 million oceanfront estate in Avalon is set to hit the market in June 2025 with Jack Vizzard of Berkshire Hathaway HS Fox & Roach - AV. At 7,240 square feet, it’s not only the most expensive home ever listed in Avalon—it’s also the third-priciest in New Jersey, following a $28 million listing in Colts Neck and a $26.9 million home in Mahwah. Sitting at Avalon’s highest natural elevation—3…
$25M Beachfront Resort Approved For Jersey Shore Town — All It Needs Is A Developer $25M Beachfront Resort Approved For Jersey Shore Town — All It Needs Is A Developer
$25M Beachfront Resort Approved For Jersey Shore Town — All It Needs Is A Developer A developer’s dream is officially on the market — and it's just steps from the sand. The Soleil Resort, a fully approved $25 million luxury condo-hotel planned for one of Ocean City’s last remaining beachfront lots, is now up for grabs — and the only thing missing is someone ready to build it. Located at 1101 Ocean Ave., right next to the historic Flanders Hotel, the project includes 111 luxury two- and three-bedroom units, all roughly 1,100 square feet with balconies and either ocean, bay, or pool views. The site comes with a CAFRA permit and planning board approval already in hand, meanin…
Doo Wop Lovers Mourn As Iconic NJ Motel Faces Wrecking Ball For Redevelopment Doo Wop Lovers Mourn As Iconic NJ Motel Faces Wrecking Ball For Redevelopment
Doo Wop Lovers Mourn As Iconic NJ Motel Faces Wrecking Ball For Redevelopment A cherished piece of New Jersey history is set to be demolished. The North Wildwood Zoning Board voted 7-2 to approve a plan to replace the Chateau Bleu Motel with three single-family homes, the Doo Wop Preservation League announced Thursday, March 20. The decision, announced by the Doo Wop Preservation League on March 20, 2025, marks the loss of one of the East Coast’s finest examples of mid-century resort architecture, the organization said. ‘A Special Place That Brings a Smile’ Unfortunately, The historic Chateau Bleu (listed on the National Register of Historic Places) will be…
Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why
Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why New home prices could jump by as much as $10,000 because of President Donald Trump's tariffs, industry leaders warn. The National Association of Home Builders (NAHB) estimates that Trump's tariffs could increase prices by $7,500 to $10,000 per new single-family home. The trade group said the estimate is based on reports from members planning for tariff-related price hikes. Trump imposed a 25 percent tariff on Canadian and Mexican goods on Monday, Mar. 4, as well as 20 percent duties on Chinese imports. Two days later, he announced the tariffs would be paused for products covered by the…
Inside The Opus Estate: One Of Bergen County's Most Jaw-Dropping Modern Mansions Inside The Opus Estate: One Of Bergen County's Most Jaw-Dropping Modern Mansions
Inside The Opus Estate: One Of Bergen County's Most Jaw-Dropping Modern Mansions A newly constructed modern estate has hit the market in Englewood, offering 16,000 square feet of ultra-luxurious living. Located at 388 Morrow Road, the "Opus Estate" is listed for $12.495 million by Tony Nabhan and Michael Hern of Keller Williams City Views Realty. It was designed by Anthony Fonti to blend cutting-edge architecture with high-end comfort. A sleek limestone-and-stucco façade with floor-to-ceiling glass makes an immediate statement, while inside, the home features soaring 11- to 13-foot ceilings, custom herringbone wood flooring, and a dramatic two-story living green wa…
Trump Administration Selling Off Three 'Non-Core' Federal Spaces In New Jersey Trump Administration Selling Off Three 'Non-Core' Federal Spaces In New Jersey
Trump Administration Selling Off Three 'Non-Core' Federal Spaces In New Jersey The Trump administration is putting some of the largest and most well-known federal buildings up for sale. The move is all in an effort to eliminate waste, slash maintenance costs, and reinvest in more efficient spaces, according to the U.S. General Services Administration (GSA). Officials have identified hundreds of "non-core properties" totaling millions of square feet that no longer serve essential government functions and are now up for grabs. “Selling ensures that taxpayer dollars are no longer spent on vacant or underutilized federal spaces,” federal officials said. “Disposing of the…