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.

Community
‘A complete community:’ LeFrak, Simon families mark Newport’s 40th anniversary with $1 million grant program for Jersey City nonprofits

The developers of Newport, the seminal mixed-use neighborhood credited as a catalyst for the rebuilding of the Jersey City waterfront, plan to disburse $1 million to 40 local nonprofit groups as the organization celebrates four decades in the city.

Residential & Mixed Use
Clarion sells 217-unit Hoboken rental property after 17 years, JLL says

Clarion Partners has sold a 217-unit luxury apartment building in Hoboken, a long-held asset for the global investment firm, in a newly announced deal by JLL.

Residential & Mixed Use
Kislak: Palisades Park apartment owner sells 33-unit portfolio after more than 40 years

The longtime owner of a 33-unit apartment portfolio in Palisades Park has sold the properties for $4.7 million, a broker with The Kislak Co. Inc. said this week.

Community
CREDA NJ hosts annual Community Action Food Drive & Volunteer Day

The Commercial Real Estate Development Association’s New Jersey chapter returned last week to the Community Food Bank of New Jersey in Hillside, allowing industry leaders to volunteer in support of the state’s largest anti-hunger and anti-poverty organization.

Featured
EDA pauses Aspire applications, seeking more ‘transparent and competitive framework’

The state Economic Development Authority is pumping the brakes on the Aspire tax credit program for developers, seeking to make it more efficient and cost-effective for applicants as it manages its remaining funds under the policy.

Residential & Mixed Use
Jersey City building with four apartments, retail space trades for $1.2 million, Cervelli says

A family office has expanded its holdings in Jersey City, acquiring a building with four apartments and retail space in a deal arranged by Cervelli Real Estate & Property Management.

Residential & Mixed Use
Weiss, Keller Williams ink $1.85 million sale of 10-unit townhome development site in Verona

A group led by Weiss Realty has sold a nearly one-acre development site in Verona, paving the way for it to become a 10-unit luxury townhome community.

Government & Public Policy
HMFA approves financing for special needs housing in Waldwick

Plans for a new supportive housing community in Waldwick are moving ahead with the help of more than $1 million from the New Jersey Housing Mortgage and Finance Agency.

Residential & Mixed Use
SAGE closes sale of four-building, 119-unit apartment complex in Roselle Park

A private investor has acquired a 119-unit garden apartment complex in Roselle Park for an undisclosed price, according to a listing team with SAGE Real Estate Advisors.

Residential & Mixed Use
ICON: Family owners sell 25-unit Bayonne apartment building after more than 50 years

The longtime owners of a 25-unit apartment building in Bayonne have sold the property for $4.1 million, in a deal arranged by ICON Real Estate Advisors.