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
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.

Residential & Mixed Use
Downeaster, TANTUM break ground on 78-unit rental project in downtown Long Branch

A new 78-unit luxury apartment building will soon rise in downtown Long Branch, in a project that will transform a key stretch of the corridor leading to its booming coastline.

Deals
Jersey City investor buys 15-unit property for $5.7 million, headlining recent IPRG deals

A local investor has purchased a 15-unit apartment property in Jersey City for $5.7 million, in one of several recent transactions by IPRG’s New Jersey team.

Finance & Capital Markets
‘Modera Lofts’ owner refis 366-unit property in Jersey City for $136 million, Cushman says

The owner of a loft-style luxury apartment building in downtown Jersey City has refinanced the property for $136 million, brokers with Cushman & Wakefield announced Thursday.

Residential & Mixed Use
Panepinto debuts 605-unit Journal Square tower, with occupancy slated for late spring

Panepinto Properties has launched leasing at a new 605-unit luxury rental tower in Journal Square, the developer’s latest in a long line of high-profile projects in Jersey City.