Residential & Mixed Use

The construction boom in New Jersey is no more evident than in the multifamily and mixed-use sector, thanks to changing demographics and the demand for urban-style living, even in the suburbs.

Residential & Mixed Use
JLL: Developer wanted for West Side Jersey City site with full approvals for 547-unit mixed-use rental project

A development site in Jersey City’s West Side neighborhood is on the market for sale, with approvals in place for a project that would include nearly 550 apartments and retail space.

Events
New Jersey Future to honor CBRE’s Medina, five projects at annual Smart Growth Awards

New Jersey Future will highlight five transformative development projects this fall as part of its 24th annual Smart Growth Awards, where it will also recognize one of the state’s longtime and distinguished leaders in commercial real estate and economic development.

Finance & Capital Markets
Inspired lands construction loan in Asbury Park, bridge loan for Bell Works Fort Monmouth

Inspired by Somerset Development has closed on two significant loan transactions, securing a combined $246 million in financing for a luxury condominium project in Asbury Park and its acclaimed Bell Works Fort Monmouth campus in Tinton Falls.

Finance & Capital Markets
Kearny Bank lends $42 million for 136-unit rental project in Paramus

A developer has scored a $42 million construction loan from Kearny Bank for a project that will bring a new 136-unit apartment community to Paramus.

Community
Inaugural Gov. Richard J. Codey Memorial Golf Outing to support mental health initiatives across New Jersey — with major support from CRE community

A new golf outing next month will honor the legacy of the late Gov. Richard J. Codey, supporting his decades-long mission to improve mental health care and fight stigma surrounding mental illness.

Government & Public Policy
Sherrill: State seeking development partners for transit hub sites in Bayonne, Linden

State officials are looking to jumpstart development around two train stations, in Bayonne and Linden, as they ramp up efforts to both expand housing and monetize government-owned land.

Residential & Mixed Use
JLL lists 212-unit Riverdale rental property with potential for full value-add interior update

A two-building, 212-unit apartment complex in the Morris County borough of Riverdale is on the market for sale, in a new listing by JLL’s capital markets group.

Residential & Mixed Use
Stillman tops off luxury condo project in Long Branch, eyes early 2027 completion

With less than a year until completion, the developer of what will be more than 130 new oceanfront condominiums in Long Branch has marked a key construction milestone.

Residential & Mixed Use
SKG, marking one year since acquisition, touts Union rental property’s 95 percent occupancy

SKG Capital has all but leased up a 36-unit luxury apartment building in Union Township, touting the property’s continued momentum after acquiring it last year for $15 million.

Residential & Mixed Use
Newmark Associates: Toms River hotel site to become transitional housing after $7 million sale

A nonprofit has acquired a former motel property in Toms River that it now plans to convert to transitional housing, according to a brokerage team with Newmark Associates CRE.