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.

Finance & Capital Markets
Starfield-led team lands $80 million construction loan for Asbury Park rental project, JLL says

A joint venture has snagged an $80 million construction loan for a project that will bring 226 luxury apartments and townhomes to Asbury Park’s waterfront redevelopment zone.

Events
High-profile speaker list grows for Rutgers symposium, case study on distressed assets

The next Rutgers Center for Real Estate symposium is only weeks away, with a fast-growing list of speakers who will share their insights on tackling distressed commercial real estate.

Finance & Capital Markets
SCALE, Namdar close $243 million in loans for Journal Square apartment projects

SCALE Lending has doubled down on Namdar Group’s development pipeline in Jersey City, providing another $243 million in financing for projects with a combined 811 apartments.

Residential & Mixed Use
Investors buy 80-unit apartment complex in Orange for $13.8 million, Kislak says

An investment group has purchased an 80-unit garden apartment complex in Orange for nearly $14 million, in a newly announced deal by The Kislak Co. Inc.

Finance & Capital Markets
Kennedy Funding inks $7.5 million land loan for Florida townhome project

Kennedy Funding has closed a $7.5 million land loan for a waterfront property in the Florida Panhandle town of Santa Rosa Beach.

Residential & Mixed Use
Weiss unveils plan for 407-unit apartment tower in New Brunswick after securing approval

Weiss Properties has secured local approvals for a 407-unit luxury apartment tower in downtown New Brunswick, in a key step for what would be the city’s largest residential project to date.

Residential & Mixed Use
C&W: Hampshire sells residential development site in Metropark to Woodmont

The Hampshire Cos. has sold a mixed-use development site in the Metropark section of Woodbridge, in a newly announced deal by Cushman & Wakefield.

Residential & Mixed Use
Denholtz taps multifamily veteran Fenner to oversee growing portfolio

Denholtz Properties has hired Jeff Fenner as director of multifamily to oversee its growing portfolio of apartments across New Jersey and the Southeast.

Residential & Mixed Use
First residents move into new 297-unit luxury rental property in Journal Square, Fantin says

A new 16-story, 297-unit apartment building in Jersey City’s historic Journal Square neighborhood has welcomed its first residents.

Government & Public Policy
Lawmakers pass bill to spur sale, transfer of dormant liquor licenses amid other changes

State lawmakers have approved a bill that could expand the number of available liquor licenses in New Jersey — largely by targeting inactive retail licenses — in a move that would bring key changes but fall short of the broad reforms long sought by many stakeholder groups.