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.

Residential & Mixed Use
Cervelli closes sale of 16-unit North Bergen apartment building to 1031 investor

An investor has purchased a 16-unit apartment building in North Bergen for nearly $2.6 million, in a deal arranged by Cervelli Real Estate and Property Management.

Residential & Mixed Use
Marcus: New construction poised to flood North Jersey rental market, but vacancy to remain tight

A surge of new supply is coming to northern New Jersey’s apartment market, with some 12,000 units slated to be delivered this year in a region with one of the country’s lowest vacancy rates.

Finance & Capital Markets
JLL: Kaplan snags $47 million loan from Nuveen for new senior housing in North Brunswick

The Kaplan Cos. has landed $47 million in financing for a 222-unit active adult community in North Brunswick that the firm unveiled just over a year ago, in a deal arranged by JLL.

Residential & Mixed Use
Reynolds completes 103-unit rental property in Orange arts district

Reynolds Asset Management has completed a new 103-unit apartment building in Orange after redeveloping the former longtime site of a hardware store in the city’s Valley Art District.

Residential & Mixed Use
Hornrock debuts outdoor amenities at new 221-unit Hackensack apartment building

Hornrock Properties has taken the wraps off a new courtyard and rooftop deck at its newly opened, 221-unit luxury apartment building in downtown Hackensack.

Residential & Mixed Use
Middlesex County apartment portfolio trades for $9.7 million, Gebroe-Hammer says

A growing multifamily owner has added to its holdings with three properties in Middlesex County, acquiring the 53-unit portfolio for nearly $10 million.

Residential & Mixed Use
Jersey City parcel slated for apartments, townhomes after $6 million sale by CBRE

A developer has acquired a parcel in Jersey City’s waterfront Paulus Hook neighborhood for $5.9 million, in one of two newly announced deals by CBRE.

Finance & Capital Markets
Northmarq sources $13 million loan for 49-unit North Arlington apartment building

The owner of a two-year-old, 49-unit apartment building in North Arlington has closed on $13 million in financing for the asset, in a newly announced deal by Northmarq.

Residential & Mixed Use
J&L touts sustainability, wellness features at new 403-unit Ironbound apartment building

J&L Cos. has unveiled a series of features at its new 403-unit luxury apartment building in Newark that it says will promote a healthier, more eco-friendly environment for residents while amplifying a citywide push for sustainability.

Events
Alfred Sanzari Enterprises hosts more than 550 at Glenpointe, marks 78 years in real estate

Alfred Sanzari Enterprises is celebrating nearly eight decades in commercial real estate, a legacy that was on display recently as the firm welcomed a crowd of hundreds to its flagship campus Glenpointe campus in Teaneck.