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
EDA adopts changes to Aspire tax credit program amid higher development costs, increased need for affordable housing

The state has approved several key changes to Aspire, the tax credit program for developers, as it looks to expand eligibility and ensure its continued role in affordable housing production.

Residential & Mixed Use
CBRE: First piece of NRIA portfolio trades as Hoboken development site fetches $8.5 million

A private investor has acquired a multifamily development site in Hoboken, marking the first trade involving the portfolio of the disgraced firm National Realty Investment Advisors LLC.

Community
Sanzari Family Foundation details $50,000 in fall grant funding for nonprofits, health care

The Alfred N. Sanzari Family Foundation has awarded 12 new grants totaling $50,000 that will support a series of community-focused programs throughout northern New Jersey.

People
Woodmont’s Zlotnick to assume EVP role in Florida, as firm promotes Miller to COO

Lewis Zlotnick, Woodmont Properties’ longtime president, is shifting to a new role as executive vice president of the firm’s growing Florida division, in a move that comes alongside a key promotion on its executive team.

Residential & Mixed Use
PEEK Properties debuts 138-unit rental property near Orange’s Highland Station

PEEK Properties has launched leasing at a new 138-unit high-end apartment building in one of Orange’s most in-demand residential neighborhoods.

Residential & Mixed Use
Kislak: Three-building, 95-unit garden apartment complex in Belleville fetches $12 million

The longtime owner of a 95-unit garden apartment complex in Belleville has sold the property for nearly $12 million, in a newly announced deal by The Kislak Co. Inc.

Residential & Mixed Use
Walters: New 50-unit Holmdel property nearly complete as affordable housing lottery kicks off

Walters has reached the final phase of construction at what will be Cornerstone at Holmdel, a new income-restricted multifamily property near two of the region’s key highways.

Residential & Mixed Use
Grid: Developer buys West New York parcel, eyeing 133-unit waterfront rental tower

A developer has closed on a parcel in northern Hudson County where it plans to build a 133-unit apartment tower with views of Manhattan, brokers with Grid Real Estate LLC announced.

Residential & Mixed Use
Buyer wanted for 636-unit garden apartment complex outside Princeton, JLL says

A sprawling garden apartment complex outside Princeton is on the market for sale with the potential to draw offers in the $170 million range.

Residential & Mixed Use
CIS breaks ground on long-awaited, 20-unit affordable housing project in Haddonfield

Community Investment Strategies Inc. has broken ground on a new townhome community in Haddonfield that it says will provide the borough with a needed infusion of affordable housing.