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: Owner of garden apartments in Sayreville, Paterson seeking buyer for 271-unit portfolio

A multifamily owner has tapped JLL to sell a two-property, 271-unit portfolio in Sayreville and Paterson that the listing team says offers “immense” upside through ongoing renovations.

Residential & Mixed Use
Hoboken rental property, would-be redevelopment site, trades for $2.2 million, Marcus says

A private investor in Hoboken has purchased a vacant apartment building with redevelopment potential, paying nearly $2.2 million in a deal arranged by Marcus & Millichap.

Residential & Mixed Use
URW, Mill Creek break ground on new town green with 575 rentals at Garden State Plaza

A long-awaited plan to expand and diversify Westfield Garden State Plaza in Paramus is moving ahead with construction set to begin on a new public plaza and 575 luxury apartments.

Residential & Mixed Use
Longtime owners sell 26-unit East Orange apartment building in $2.6 million deal by ICON

A family ownership group has sold a 26-unit apartment building in East Orange for nearly $2.6 million, according to a listing team with ICON Real Estate Advisors.

Residential & Mixed Use
CBRE: North Jersey investor seeking buyer for 209-unit East Orange multifamily portfolio

The owner of a new two-building, 209-unit apartment portfolio in East Orange has listed the properties for sale, brokers with CBRE announced Wednesday.

Features
Hitting home: ‘The Journal’ is latest project to arrive in Jersey City with Paolino, attorney and city native, as a guiding hand for developers

A landmark project in Journal Square is especially meaningful for Gene Paolino, a senior partner with Genova Burns who spent nearly 20 years guiding the development. He’s also a Jersey City native, meaning he’s been personally invested in the city’s growth during a legal career that spans more than four decades.

Residential & Mixed Use
Design industry veteran Brach joins Walters Architecture

Walters has hired Fred Brach, bolstering the team responsible for designing its affordable housing communities throughout the region.

Government & Public Policy
Sherrill signs order to speed housing production, eyeing cross-agency council with key deadlines

Gov. Mikie Sherrill is making a push to accelerate housing production in the state, announcing plans for a new multiagency council and several other steps to reduce barriers to development.

Residential & Mixed Use
Kislak lists 50-unit apartment building in Paterson’s Eastside Park neighborhood

The longtime owner of a 50-unit apartment building in Paterson is seeking a buyer for the property, according to a listing team with The Kislak Co. Inc.

Deals
Vantage: Investors scoop up Collingswood medical office building, eyeing redevelopment

Local investors have acquired a commercial property in Collingswood with plans to redevelop the site, leveraging the borough’s well-known downtown and its access to mass transit.