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Real Estate
Demolition Begins On Historic Hackensack YMCA Where Luxury Apartment Project Will Rise Demolition Begins On Historic Hackensack YMCA Where Luxury Apartment Project Will Rise
Demolition Begins On Historic Hackensack YMCA Where Luxury Apartment Project Will Rise Demolition began Friday, Feb. 13, on the former Hackensack YMCA building at 360 Main Street, marking the end of an era for a landmark that served the city for 90 years. The historic YMCA, where many locals learned to swim before closing in 2022, is being torn down to make way for a 254-unit high-end residential building approved by the City Planning Board in May 2024. Plans for the site include a 6,000-square-foot public plaza as part of what officials described in a news release as a “landmark project.” View this post on Instagram Once f…

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by Cecilia Levine
Real Estate
$83M Financing Secured For 258-Unit Luxury Rental Project Across From NJ Train Station $83M Financing Secured For 258-Unit Luxury Rental Project Across From NJ Train Station
$83M Financing Secured For 258-Unit Luxury Rental Project Across From NJ Train Station More than $83 million in financing has been secured for a 258-unit luxury apartment development in New Jersey. JLL Capital Markets announced it secured a $63.2 million construction loan from Bank OZK and a $20.15 million mezzanine placement from PGIM for ECCO, a five-story multifamily project at 250 Union St. in Elizabeth. ECCO represents Phase 2 of the broader Vintage City Development, a redevelopment project that received NAIOP’s Mixed-Use Deal of the Year Award in 2025, according to JLL. The project is located directly across from the newly renovated $75 million Elizabeth Train Station …

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by Cecilia Levine
Real Estate
$4.8M Sale Breaks Record For Bergen County Town, Surpasses Prior $4.75M High $4.8M Sale Breaks Record For Bergen County Town, Surpasses Prior $4.75M High
$4.8M Sale Breaks Record For Bergen County Town, Surpasses Prior $4.75M High A newly constructed luxury estate in Bergen County sold for $4.8 million this week, setting a new record for the highest residential sale in the borough. The Wednesday, Feb. 11 sale of 12 Echo Ridge Road surpassed the previous borough record of $4.75 million, which was set by a home on Barry Lane in September 2024, according to MLS information. In a joint statement, listing agents Taylor Lucyk and Jaimee Rizzo said the milestone was intentional. “Setting a new record in Upper Saddle River wasn’t accidental, it was the result of precise market analysis, strategic positioning, and flawless e…

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by Cecilia Levine
Real Estate
$296M Secured For 1,880-Unit NJ Apartment Portfolio Spanning 5 Counties $296M Secured For 1,880-Unit NJ Apartment Portfolio Spanning 5 Counties
$296M Secured For 1,880-Unit NJ Apartment Portfolio Spanning 5 Counties A 1,880-unit apartment portfolio across five New Jersey counties has secured $296 million in financing, officials announced Thursday, Feb. 12. JLL Capital Markets announced it arranged the funding for the 13-property multi-housing portfolio through Freddie Mac. The garden-style portfolio includes 1,880 market-rate units across 13 properties located in Middlesex, Somerset, Union, Monmouth and Morris counties. The properties were built between 1959 and 1999 and are primarily legacy-owned assets. The announcement states the garden-style format “offers residents a suburban living experien…

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by Cecilia Levine
Real Estate
$11.5M Deal To Transform Vacant Route 46 Building Into Grocery-Anchored Retail Hub $11.5M Deal To Transform Vacant Route 46 Building Into Grocery-Anchored Retail Hub
$11.5M Deal To Transform Vacant Route 46 Building Into Grocery-Anchored Retail Hub A long-vacant commercial building along Route 46 in Clifton is set to be transformed into a grocery-anchored retail center following an $11.5 million financing deal, according to JLL Capital Markets. JLL Capital Markets announced it arranged $11.5 million in acquisition financing for 1030-1050 Route 46 in Clifton, a 48,535-square-foot retail center located at the intersection of Route 46 and Route 3, the firm said. JLL secured a three-year, floating-rate loan through Fidelity Investments on behalf of the borrower. The property occupies a 4.3-acre site within one of New Jersey’s most heavil…

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by Cecilia Levine
Real Estate
Existing-Home Sales Plummet 8.4% In January As Prices Keep Climbing: 'Americans Are Stuck' Existing-Home Sales Plummet 8.4% In January As Prices Keep Climbing: 'Americans Are Stuck'
Existing-Home Sales Plummet 8.4% In January As Prices Keep Climbing: 'Americans Are Stuck' Existing-home sales plunged across the US in January in the latest sign of strain on the nation's real estate market, according to new data. Sales dropped 8.4% from December 2025 to a seasonally adjusted annual rate of 3.91 million in January, the National Association of REALTORS said in a report released on Thursday, Feb. 12. That's also 4.4% lower than January 2025 and the slowest pace since December 2023. The sinking sales coincide with the national median existing-home price reaching a record January high of $396,800. The median was up 0.9% from January 2025, marking the 31st …

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by Chris Spiker
Real Estate
Property Taxes Climb Across Bergen County: See Your Town’s 2025 vs. 2024 Average Property Taxes Climb Across Bergen County: See Your Town’s 2025 vs. 2024 Average
Property Taxes Climb Across Bergen County: See Your Town’s 2025 vs. 2024 Average Property taxes went up in most Bergen County towns in 2025, according to newly released figures from New Jersey's Department of Community Affairs. The data reflects the average total residential property taxes paid in each municipality, not including credits or deductions. Several towns saw increases of more than $1,000 year over year. Demarest rose from $24,736 in 2024 to $26,108 in 2025. Tenafly climbed from $23,833 to $25,123. Alpine increased from $22,581 to $23,291. Even in mid-range towns, homeowners are paying hundreds more than they did last year. In Fair Lawn, the average ros…

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by Cecilia Levine
Real Estate
Netflix Real Estate Mogul Ryan Serhant Opens Bergen County Office Netflix Real Estate Mogul Ryan Serhant Opens Bergen County Office
Netflix Real Estate Mogul Ryan Serhant Opens Bergen County Office The real estate agency founded by Ryan Serhant, star of Netflix’s "Owning Manhattan," has opened a new Bergen County office in Saddle River. The newest location is at 82 E. Allendale Road, Unit 5B, according to Michael Todaro, the branch manager and managing broker for the office. Courtesy of Michael Todaro Netflix Todaro said the Saddle River location is part of Serhant’s broader push to expand into New Jersey, adding to the firm’s growing footprint outside New York City. The company already has a Rockleigh office operated by the Adamo Group.  The New Jersey operations are o…

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by Cecilia Levine
Real Estate
Jets Star Built Dream Home With Bergen Builder — Then Sold It Months Later For $3M After Trade Jets Star Built Dream Home With Bergen Builder — Then Sold It Months Later For $3M After Trade
Jets Star Built Dream Home With Bergen Builder — Then Sold It Months Later For $3M After Trade Sauce Gardner got to enjoy his North Jersey dream home for about six months — then it was time to move on. The 25-year-old New York Jets cornerback sold his custom-built, Hamptons-style home at 2 Patrick Ct. in Montville for $3 million last month, after being traded to the Indianapolis Colts in November 2025. Kevin Marquez of The Abbattista and Marquez Team at Keller Williams Prosperity confirmed the off-market sale to Daily Voice. View this post on Instagram Still, Gardner isn’t exactly hurting. He became the highest-paid cornerback in N…

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by Cecilia Levine
Real Estate
Dr. Seuss’s SoCal Estate Hits Market For $10M With Breathtaking Views, Easter Eggs Dr. Seuss’s SoCal Estate Hits Market For $10M With Breathtaking Views, Easter Eggs
Dr. Seuss’s SoCal Estate Hits Market For $10M With Breathtaking Views, Easter Eggs The California estate of Dr. Seuss has hit the market for $9.95 million. Dr. Seuss, Theodor Geisel, as he was known growing up in Springfield, Massachusetts, bought what would become the 5,000-square-foot, four-bedroom, four-bathroom hilltop estate in La Jolla, California, in 1948 with his first wife, Helen, according to the New York Post. She died in 1967. Redfin The estate was designed in 1950 by master architect Thomas Shepherd, craftedfrom a pre-existing Spanish Revival observation tower dating back to 1923-24, the Post reported. That gave the estate sweeping views of the surrounding …

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by Josh Lanier
Real Estate
Pending Home Sales Plummet In Largest Drop Since COVID-19 Pandemic Began Pending Home Sales Plummet In Largest Drop Since COVID-19 Pandemic Began
Pending Home Sales Plummet In Largest Drop Since Covid-19 Pandemic Began Pending home sales in the US took their largest monthly fall since the start of the COVID-19 pandemic, signaling new signs of housing market turmoil heading into the new year. Contract signings for existing homes dropped 9.3% in December 2025, according to a National Association of REALTORS report released on Wednesday, Jan. 21. That's the steepest month-over-month decline since April 2020. NAR data also showed that pending sales were down 3.0% compared to December 2024. "The housing sector is not out of the woods yet," said NAR chief economist Lawrence Yun. "After several months…

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by Chris Spiker
Real Estate
275 Apartments, Dog Park, Courtyards Proposed For Office Site In Wayne 275 Apartments, Dog Park, Courtyards Proposed For Office Site In Wayne
275 Apartments, Dog Park, Courtyards Proposed For Office Site In Wayne The Wayne Township Planning Board is expected to hear the application for a 275-unit apartment complex proposed for the site of an existing office park along Valley Road, according to township planning documents. The agenda from the Planning Board's Monday, Jan. 12 meeting lists an application seeking preliminary and final site plan approval and bulk variances from AvalonBay to demolish the existing office building and associated parking areas at 1655 Valley Road and construct a multi-family residential development. The proposal calls for four residential buildings, 275 total dwelling units…

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by Cecilia Levine