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.

Jackson Hewitt takes 1,200 sq. ft. at Linden apartment, retail property

Tax service provider Jackson Hewitt has leased space at the site of a 113-unit luxury apartment property in Linden, in a deal arranged by Lee & Associates New Jersey.

Two years after massive fire, Bound Brook looks to rebuild momentum for downtown revival

With the addition of 500 new apartments in recent years and hundreds more in the pipeline, local officials in Bound Brook are forging ahead with efforts to revitalize their downtown.

Gibbons adds former Newark housing, economic development official to real estate team

A former key economic development official with the city of Newark has joined Gibbons PC as a director in its real property group, the firm announced Tuesday.

Firsthand experience

To say that this month’s cover story is near and dear to me is somewhat tongue-in-cheek, but it’s also true. After all, I did spend five years working on the vast stretch of sprawling, landscaped office parks that is Davidson Avenue in the Somerset section of Franklin Township, which plays a prominent role in our February issue. As many of you know, the area is part of a 500-acre corporate business district along Interstate 287 that, in recent years, has grappled with millions of square feet of outdated and mostly vacant office space. Township officials are now meeting that challenge head-on, thanks in large part to a zoning change in late 2020 that paved the way for developers to repurpose those sites as industrial space.

Gebroe-Hammer touts $214 million in New Jersey, Philadelphia multifamily sales in January

Brokerage firm Gebroe-Hammer Associates is off to a fast start in 2022, inking the sale of nearly 1,200 apartments in New Jersey and Philadelphia across 17 transactions in January.

EDA takes first step toward launching tax credit for reviving historic buildings

State officials have approved a set of proposed guidelines for a new incentive program to support the restoration of New Jersey’s historic buildings and neighborhoods.

Preparing for your next DCA inspection — and new emergency contact info requirements

On Nov. 8, 2021, New Jersey enacted N.J.S.A. 55:13A-7.19, setting forth new requirements for landlords of multifamily dwellings. The law was designed to supplement the existing Hotel and Multiple Dwelling Law (N.J.S.A. 55:13A-1 et seq.), which is enforced by the Department of Community Affairs’ (“DCA”) Bureau of Housing Inspection. Under the new law, landlords of multifamily dwellings must provide tenants and prospective tenants with specific information regarding emergency contact instructions and how to contact social services for assistance.

Bedrin, March offer new look at plans for Hawthorne luxury apartments (SLIDESHOW)

A development team has unveiled new details and design plans for a 118-unit luxury apartment building in Hawthorne, part of a mixed-use project that’s slated to open this summer.

Kennedy Funding inks $3.6 million land loan for SoCal commercial, condo project

Kennedy Funding has closed a $3.6 million land loan in connection with a proposed mixed-use development in Southern California, the Englewood Cliffs-based lender announced.

Jersey City: Developers unveil 114 rentals in historic Bergen-Lafayette neighborhood

A development team is set to debut a new 114-unit high-end apartment building that has revitalized another piece of Jersey City’s growing Bergen-Lafayette neighborhood.