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.

Government & Public Policy
Perth Amboy names new areas in need of redevelopment to spark investment

A large stretch of downtown Perth Amboy is now an area in need of redevelopment under state law — as are several other sections of the city — allowing local officials to offer tax incentives, condemn blighted properties and take other steps to help revitalize the properties.

Finance & Capital Markets
JLL: Continental snags $50 million construction loan for 169-unit Livingston rental project

Continental Properties has landed a nearly $50 million construction loan for a planned 169-unit upscale apartment property in Livingston, in a newly announced deal by JLL.

Residential & Mixed Use
C&W: Pomeranc Group buys 465-unit Wayne rental property, inks $98 million acquisition loan

The Pomeranc Group has acquired a 465-unit apartment complex in Wayne, having also secured nearly $98 million in Fannie Mae financing for the deal.

Residential & Mixed Use
AvalonBay marks debut of 374-unit Somerville apartment community

AvalonBay Communities has unveiled its new 374-unit luxury apartment property in Somerville, where it’s anchoring a master-planned project adjacent to the borough’s train station.

Residential & Mixed Use
Gebroe-Hammer inks sale of 53 apartments in Passaic, Paterson in deals totaling $9.8 million

An investor has purchased a 23-unit apartment building in Passaic for $4.5 million, in the largest of three newly announced deals in the region by Gebroe-Hammer Associates.

Government & Public Policy
RPM lands $29 million Aspire tax credit for redevelopment of historic Trenton property

A plan to bring 120 new apartments to a historic property in Trenton is moving ahead with the help of more than $29 million in tax credits under the state’s Aspire program.

Residential & Mixed Use
Tulfra tops out 160-unit rental project in Rochelle Park, eyes spring 2024 delivery

Tulfra Real Estate is planning a spring 2024 delivery of a new 160-unit luxury apartment complex in Rochelle Park, where it recently completed vertical construction.

Residential & Mixed Use
Hornrock, GTIS unveil 221-unit rental project at ‘gateway’ to downtown Hackensack

A development team has completed a new 221-unit luxury apartment building in Hackensack, part of a two-phase project that has activated a key parcel on the city’s eastern edge.

People
Rockabill promotes Taft to vice president

Affordable housing developer and consulting firm Rockabill has named a new vice president after a promotion on its Hoboken-based team.

Residential & Mixed Use
Denholtz joins partner LMG, local officials to debut 48-unit North Carolina rental property

Denholtz Properties is expanding its Southeast portfolio under a recent partnership, marking the debut of a new 48-unit luxury apartment building about 25 miles outside Charlotte.