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.

Deals
Boutique apartment, commercial property in Long Hill sold for $915,000, Deluccia says

A mixed-use building in Long Hill Township has traded for $915,000, in a newly announced transaction by Deluccia Commercial Group.

Residential & Mixed Use
Newest ‘Centurion’ project in Union Township hits 65 percent leased, developer says

Landmark has welcomed the latest crop of renters to Centurion Union Center, its fast-growing mixed-use district in Union Township.

Residential & Mixed Use
Alpine set to unveil 500-unit rental project near Jersey City’s Liberty Science Center

A new two-building, 500-unit rental community in Jersey City is set to come online, marking a milestone for a major redevelopment plan alongside the iconic Liberty Science Center.

People
Goldman joins Saxum with asset management, brokerage background

Saxum Real Estate has welcomed Adam Goldman as an asset management associate, the Summit-based firm announced Monday.

Residential & Mixed Use
Larken earns two NJBA Sales and Marketing Awards for 120-unit Pohatcong project

Larken Associates has notched two more wins in the New Jersey Builders Association’s annual Sales and Marketing Awards — thanks to a new multifamily community in Warren County.

Education
Silverman, longtime NJCU supporter, establishes endowed scholarship at Jersey City school

Longtime developer Paul Silverman has launched a new scholarship at New Jersey City University, building on his years of support for both the academic institution and the Jersey City community.

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.