RPM Development Group has acquired a historic 117-unit housing complex in Oceanport, marking the first deal on a large piece of the former Fort Monmouth site that was turned over to state officials last fall in an effort to push forward with redevelopment.
Hackensack city officials have picked Hornrock Properties and Russo Development to transform a 4.3-acre parking lot into a mixed-use complex with 338 residential units and retail space.
An investment firm has acquired a 360-unit Roseland apartment complex for $130 million, following a financing deal arranged by capital markets brokers with JLL.
A developer is on the verge of beginning work at a redevelopment site in Red Bank, where it plans to rehabilitate a commercial building and build two three-story residential properties.
The longtime owner of a 642-unit garden apartment complex in Bergen County has sold the property for $100 million, in a sale brokered by Gebroe-Hammer Associates.
It was around 2013 when developers first pitched the idea of creating a dynamic, mixed-use destination at the iconic former Hahne & Co. department store in downtown Newark. But it’s fair to say that, for thousands of city residents, the project was 30 years in the making.
Public officials and business leaders gathered Wednesday to unveil new details about plans to transform the surface lots around the Prudential Center into a dynamic, mixed-use park area that connects Newark Penn Station to the city’s downtown and Ironbound neighborhoods.
New Jersey towns and cities must account for more than 15 years of unmet need in determining their affordable housing obligations, the state Supreme Court has ruled, paving the way for the development of tens of thousands low- and moderate-income units statewide.