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.

Retail
Abercrombie leases 5,000 sq. ft. for new downtown Hoboken location, Grid Real Estate says

Abercrombie & Fitch is coming to Hoboken’s main retail corridor after leasing 5,000 square feet at a prominent corner property downtown.

Residential & Mixed Use
A key step: For Prism, bringing residential property management in-house is a goal years in the making

Prism Capital Partners has reached a long-held goal of taking its residential property management in-house, a move that is already bearing fruit by providing real-time data that can boost performance, while reducing turnover and optimizing rental rates to ensure that the firm is enhancing the value of each property.

Government & Public Policy
Nine towns challenge N.J. affordable housing law in new lawsuit led by Montvale

Nine towns are suing to block New Jersey’s new affordable housing law, arguing it imposes excessive mandates on municipalities without fully considering local conditions and resources.

Residential & Mixed Use
Hornrock unveils 130-unit rental property, retail building in northern Bergen County

Leasing is underway at Hornrock Properties’ newest luxury multifamily project, a 130-unit rental property in the Bergen County borough of Old Tappan.

Residential & Mixed Use
Winfield, Christie’s launch leasing at new 26-unit rental project in Morristown

Winfield Properties has taken the wraps off a new 26-unit luxury apartment building in downtown Morristown, with move-ins slated to begin this month.

Residential & Mixed Use
Prism apartment, retail project in Dunellen earns New Jersey Future Smart Growth Award

Prism Capital Partners has earned one of this year’s New Jersey Future Smart Growth Awards for a redevelopment project that brought new apartments and retail space to a former industrial property in downtown Dunellen.

Finance & Capital Markets
JLL: Namdar eyes 588-unit Journal Square tower with $152 million financing deal

Namdar Group has snagged $152 million in construction financing for a project that will bring nearly 600 new apartments to Jersey City’s booming Journal Square neighborhood.

Top News
NRBP taps Nixon to succeed retiring Hallock as CEO, president

The Newark Regional Business Partnership has found its next CEO and president, naming Ferlanda Fox Nixon to the post atop the networking and advocacy group.

Residential & Mixed Use
Investor sells 15-unit Jersey City rental building for $2.3 million, Marcus says

A local private investor has sold a 15-unit apartment building in Jersey City for $2.3 million, in a newly announced deal by Marcus & Millichap.

Community
J&L, Newark councilman partner for ‘Build-a-Backpack’ event for Ironbound schools

Newark-based J&L Cos. joined forces with City Councilman Michael Silva last week to support students in the Ironbound neighborhood, collecting backpacks and classroom supplies to distribute ahead of the first day of school.