Jonathan Rose Cos. has secured more than $90 million in financing and equity to rehabilitate and enhance a 429-unit affordable housing complex in Newark.
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.
Homestake, HBC complete sale of development parcel in Jersey City
Homestake Capital LLC, a boutique real estate investment firm, has made its entrance to Jersey City with a recent joint venture with Hoboken Brownstone Co.
KRE Group debuts green space outside new Jersey City rental tower
Kushner Real Estate Group has unveiled a new public park outside its recently opened, 397-unit luxury apartment building in downtown Jersey City.
New ‘town center’ project is anchored by health care, bucking traditional uses
For a project that will bring more than 400 new apartments and townhomes to Gloucester County’s largest town, a joint venture is banking on the demand for health care services as a key driver of the property and a potential model for other mixed-use projects in the state.
CBRE inks sale of 12-unit apartment building in East Orange
An investor has acquired a fully occupied, 12-unit apartment building in East Orange for nearly $1 million, brokers with CBRE announced this week.
NAI Hanson: Deli building, two-family home sell in Passaic Co.
An investor has acquired a 2,200-square-foot commercial building and an adjacent two-family home in Bloomingdale, in a transaction arranged by NAI James E. Hanson.
North Jersey multifamily investors launch JV focused on Opportunity Zones
Two New Jersey real estate firms have joined forces with a focus on the new federal Opportunity Zone program, having already teed up more than $85 million in multifamily investments.
DeMarco, Pozycki see a corporate anchor as the next step for Jersey City waterfront
The sweepstakes for Amazon’s second headquarters had ended just a few hours earlier, but Mike DeMarco invoked the name of another technology giant with an outsized footprint. With less fanfare, comparatively speaking, Google in recent years has steadily grown its presence across Manhattan’s West Side, energizing neighborhoods such as Chelsea and the Meatpacking District. And published reports say the company is preparing for another major expansion that would push its portfolio in the city beyond 6 million square feet.
It’s the kind of story that Jersey City can only hope for. DeMarco doesn’t think it’s so far-fetched, given all the city has to offer.
Developer set to unveil 69-unit luxury rental project in downtown Somerville
A developer is nearing completion of a new upscale rental building in downtown Somerville, the latest among several projects that are slated for the Somerset County borough.
TD Bank closes $6 million loan for veterans housing expansion in Somerset
TD Bank has announced a commitment to finance the expansion of a Somerset County housing community for veterans, where developers are set to nearly double the number of affordable apartments.
