Procida Funding & Advisors is touting the completion of nearly $135 million in originations in 2019, including a recent loan to help redevelop a historic pier destroyed by Hurricane Sandy.
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.
PRC Group taps 3P Equity co-founders to lead new capital markets arm
By Joshua Burd The PRC Group has joined forces with the founders of a real estate investment firm, launching a new subsidiary focused on capital markets and expanding its development pipeline. The West Long Branch-based development, construction and management business…
Developer rebrands, highlighting iconic Kokes family name
A third-generation developer has rebranded his firm, highlighting his family’s well-known name in the industry as it seeks a more active role in ground-up construction projects.
NAI Hanson: South Orange development lot changes hands, slated for mixed-use project
A developer has acquired the former site of a bank branch in South Orange, brokers with NAI James E. Hanson said, citing plans for a new building with retail and residential space.
Normandy closes on Jersey City, Hackensack projects under Opportunity Zone fund
Normandy Real Estate Partners has closed on two transactions under the federal Opportunity Zone program, as it touts a milestone in its effort to raise $250 million for such investments.
Gebroe-Hammer touts $1.9 billion in 2019 sales, hailing ‘record-shattering’ year
Gebroe-Hammer Associates completed nearly $2 billion in multifamily sales in 2019, citing unrelenting demand from investors and continued momentum at the start of 2020.
HMFA awards $22.5 million in tax credits, supporting 1,200 affordable units
State officials have awarded more than $22 million in new funding under a federal tax credit program for affordable housing developers, supporting 17 projects that will create some 1,200 units for families, seniors and residents with special needs.
Newark apartment portfolio fetches $5.8 million, Kislak says
A four-building, 69-unit apartment portfolio in Newark has changed hands for nearly $6 million, following a newly announced transaction by The Kislak Co. Inc.
Woodmont debuts 230-unit project in Roxbury, its latest luxury rental development
Woodmont Properties has opened the doors to an upscale, 230-unit apartment community in the Morris County township of Roxbury.
Jersey City rental tower by Ironstate, KRE hits 80 percent leased milestone
Renters have leased more than 440 units in six months at a recently opened luxury apartment building in Jersey City, say co-developers Ironstate Development Co. and KRE Group.
