Home prices still years away from rebound to pre-recession peaks, analyst says
The Record / northjersey.com
Jeffrey Otteau of the Otteau Valuation Group in East Brunswick, whose forecasts are widely followed in the real estate community, predicted that state home prices will rise 2 percent this year and 3 percent next year. That's a slower pace…
Mayor: Empty storefronts a new reality
The Sentinel / eb.gmnews.com
Jeff Otteau, a real estate expert from the Otteau Valuation Group, analyzed present and future business conditions for the township. Otteau focused on an area in East Brunswick that runs along Route 18 between Eggers Street to the north, and…
What comeback? Why NJ’s economy has tanked
The DailyJournal
Meanwhile, New Jersey has little money to invest in transit projects. Its public pension system is underfunded. It has a nearly $1 billion budget shortfall. And municipalities are reluctant to approve development projects that would attract families — and require…
What comeback? Why NJ’s economy has tanked
The DailyJournal
Meanwhile, New Jersey has little money to invest in transit projects. Its public pension system is underfunded. It has a nearly $1 billion budget shortfall. And municipalities are reluctant to approve development projects that would attract families — and require…
Let’s reshape New Jersey’s affordable housing policies
The Star-Ledger / nj.com
It is time to consider other avenues for providing affordable housing in New Jersey. Although the national recession officially ended five years ago, New Jersey is lagging behind the rest of the country in job creation and household income. According…
Hopewell planners take another look at Scotch Road development around Merrill Lynch
The Star-Ledger / nj.com
Jeffrey Otteau, a real estate expert hired by the board this summer, produced a study that found that there is demand for up to 1,500 units of housing and 200,000 square feet of retail space in the area surrounding the…
See why $1M condo owners hate bank’s plan
Asbury Park Press / app.com
Age-restricted housing has fallen out of favor, particularly in New Jersey, where wealthy residents are moving to states with lower taxes, said Jeffrey Otteau, president of Otteau Valuation Group, a research firm based in East Brunswick. "Clearly what happens on…
Developer: Plan for Bridgewater’s Sanofi Research Campus will attract young professionals
The Star-Ledger / nj.com
Cocziello said the trend now is for companies to cater to young college graduates, the so-called "millennials," workers ages 25 to 34. They want to live in close proximity to where they work and be able to reach out and…
Hopewell Township considers rezoning area near Merrill Lynch to allow for high-density housing
The Star Ledger / nj.com
The market has collapsed for the type of massive office park that zoning would allow to be built in the area, but there is demand for up to 1,500 units of housing and 200,000 square feet of retail space in…