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
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.

Featured
Urby teams with Rockpoint for newest Jersey City project, eyeing 748-unit rental tower

The second phase of a project that began with a landmark apartment building at 200 Greene St. in Jersey City, directly west of the Hudson River and the well-known Harborside office complex, could soon begin with 201 Hudson – by…

Deals
ICON brokers $3.1 million sale of five-parcel mixed-use portfolio in Clifton

A cluster of properties with 11 apartments, five retail spaces and some 30 parking spaces has changed hands in Clifton, in a newly announced deal by ICON Real Estate Advisors.

Government & Public Policy
Expansion plans: How CREDA will build on NAIOP’s rich legacy in New Jersey

NAIOP’s long-awaited rebrand to the Commercial Real Estate Development Association is especially significant for a New Jersey chapter that is one of the organization’s oldest, giving it a rich history and a broad reach that its leaders hope will become even more expansive.

Finance & Capital Markets
Claremont, Stanbery and PCCP snag $188 million refi for The District at 15fifteen in Parsippany

The developers of The District at 15fifteen in Parsippany have refinanced the sweeping mixed-use project, securing a $188 million loan in a deal arranged by Cushman & Wakefield.

Community
NAI Hanson lending support, expertise as Asbury Park nonprofit eyes new real estate strategy

The nonprofit Mercy Center, seeking a buyer for its main campus in Asbury Park, has enlisted the help of NAI James E. Hanson.

Residential & Mixed Use
Southend Lofts, new Hoboken condos, more than 50 percent sold after $20 million sales surge

A new loft-style residential building in Hoboken is striking a chord with buyers, driving a surge in sales activity at a project that has revitalized a historic factory building.

Finance & Capital Markets
Buyer of 12-unit Bradley Beach property scores $2.2 million mortgage from Valley Bank

Valley Bank has provided $2.2 million in financing to the buyer of a fully occupied 12-unit residential property in Bradley Beach.

Residential & Mixed Use
Regional owner, operator seeking buyer for 201-unit New Brunswick rental complex

The owner of a 201-unit rental property in New Brunswick has listed it for sale, brokers with JLL said, touting the asset’s “validated upside potential” in a city whose job market is surging.

Residential & Mixed Use
Kushner welcomes renters to new Colts Neck project, with more than 75 percent of first phase already leased

Kushner’s newest luxury apartment community in Monmouth County is off to a strong start, reaching key leasing and occupancy milestones just weeks after hitting the market.