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
Nasser Freres launches leasing at 622-unit Journal Square rental tower

Another luxury apartment tower has arrived in Journal Square, adding more than 600 units to the historic but fast-growing commercial district in Jersey City.

Residential & Mixed Use
New 10-unit luxury rental building in Westfield fetches $4.8 million, Kislak says

A private investor has purchased a 10-unit luxury apartment building in downtown Westfield for $4.8 million, in a newly announced deal by The Kislak Co. Inc.

Professional Services
CB Construction Management leads major refresh of Hackettstown senior housing

CB Construction Management has completed a multiphase interior renovation of Riverwalk Village, a 118-unit senior living community in Hackettstown.

Finance & Capital Markets
CBRE: Developer lands $31 million permanent loan for 115-unit Montgomery rental project

The developer of a new 115-unit luxury rental community in Somerset County has closed on $31 million in permanent financing, according to brokers with CBRE.

Residential & Mixed Use
IPRG: Procida seeking buyer for fully approved 127-unit loft project in Paterson’s Great Falls

The site of a planned 127-unit loft-style multifamily project in Paterson is on the market for sale, providing what brokers say is a shovel-ready opportunity with major financial advantages.

Events
Prism’s Cohen to receive NAIOP N.J. lifetime achievement award, headlining gala honorees

NAIOP New Jersey has revealed the honorees for its 39th annual Commercial Real Estate Awards Gala, including Prism Capital Partners’ Edwin Cohen and five other key industry figures.

Residential & Mixed Use
Landmark debuts 100-unit Plainfield rental property as latest ‘Centurion’ project

Leasing is underway at a new 100-unit luxury apartment building in Plainfield, where a developer hopes to tap into the city’s fast-growing rental market.

Editor’s Note
Good vibes

As you’ll read in this month’s cover story, the New Jersey Builders Association has been heartened by the earliest days of the Sherrill administration, with its focus on making New Jersey more affordable and government more efficient. The group points to steps such as the creation of the state’s first-ever chief operating officer, along with the governor’s pledge to launch a real‑time dashboard to track permits — steps that could provide a clearer path toward an expanded housing supply and lower costs for residents.

Residential & Mixed Use
Developers unveil 256-unit rental property in Hillsdale, with leasing now underway

A new 256-unit luxury rental complex has hit the market in Hillsdale, following a project that transformed a longtime industrial site just minutes from the borough’s downtown.

Government & Public Policy
Sentiment shift: Encouraged by new Sherrill administration, NJBA sees clearer path to expanded housing production, affordability

A new governor has brought fresh optimism to the New Jersey Builders Association, which points to the Sherrill administration’s focus on affordability and government efficiency as a key step toward expanding the housing stock and lowering costs for residents.