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.

JLL: Developer seeking joint venture for 286-unit rental project at ‘Silk Lofts’ site in Bayonne

The owner of a mixed-use development site in Bayonne is seeking a joint venture partner, hoping to unlock a project that is fully approved for 286 apartments and new retail space.

Family sells 75-unit garden apartment portfolio in Union, Roselle for $12 million, Kislak says

A long-term family ownership group has sold a 75-unit garden apartment portfolio in Union County for $12 million, in a newly announced deal by The Kislak Co. Inc.

Denholtz taps O’Brien Realty for luxury residential project in Monmouth County

Denholtz has named O’Brien Realty as the sales director for a new collection of 16 custom-designed, single-family homes on Sandy Hook Bay in Atlantic Highlands.

Going public: New phases taking shape at The Park as Connell’s plan for resort-style, community-facing campus advances in Berkeley Heights

The Park in Berkeley Heights is entering a new phase, with its office space now fully renovated and construction underway on new residential, retail and hospitality segments that will create a new town square for workers and residents alike. And The Connell Co. has already taken steps toward opening the campus to the public — from social events to gym memberships — all with a level of branding and merchandising that is unlike what you’d find at other commercial properties in the state.

Jay Lombardo of CJ Lombardo Co. begins tenure as NJAA board president (SLIDESHOW)

The New Jersey Apartment Association has welcomed Jay Lombardo of CJ Lombardo Co. as its board president for the next two years.

New Jersey investor buys Maryland rental property for $16 million, Kislak says

A private investor from New Jersey has acquired a newly built 60-unit apartment complex in Maryland for $15.8 million, brokers with The Kislak Co. Inc. announced Monday.

CBRE: Buyer wanted for 14-property, 3,700-unit rental portfolio in New Jersey, Pennsylvania

The longtime owner of nearly 3,700 garden apartments across New Jersey and Pennsylvania is seeking a buyer for the portfolio, according to listing brokers with CBRE.

NJBA launches legal challenges against towns seeking to lower affordable housing obligations

The New Jersey Builders Association is suing nearly 160 municipalities that have sought to reduce their affordable housing obligations under a law adopted last year, setting up a new round of legal battles as state officials roll out the closely watched program.

Alpine snags $143 million construction loan, equity for 500-unit ‘Scholars Village’ project near Liberty Science Center, JLL says

Alpine Residential has landed a nearly $143 million construction loan and equity for a plan to build 500 apartments on the doorstep of the Liberty Science Center in Jersey City.

What’s old is new

As you’ll read in this month’s cover story, The Connell Co. is entering a new phase of its decade-long, $500 million update of its 185-acre campus along Interstate 78, with construction underway on new residential, dining and entertainment spaces that will create a town square for workers and residents alike. Connell has already taken steps toward opening the corporate park to the public — offering gym memberships and nighttime social events inside its renovated office space — all with a level of branding and merchandising that is unlike anything seen at other commercial properties in the state.