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
Kislak: Investor sells 35-unit Roselle apartment building for $6.9 million

An investor has sold a 35-unit apartment building in Roselle for $6.9 million, according to a broker with The Kislak Co. Inc.

People
Reynolds adds V.P. of architecture and design, senior associate to support expansion

Reynolds Asset Management has announced two new hires to support its recent growth in the region and nationally.

Community
Procida-led team launches monthly charity program tied to lease-up of Cherry Hill project

The team behind a soon-to-be-completed, 507-unit multifamily project in Cherry Hill is hoping to support local charities as part of its lease-up of the property.

Government & Public Policy
Plan for ‘Hoboken Connect’ apartment tower advances with $90 million EDA tax credit

A key piece of a sweeping redevelopment in Hoboken is moving ahead with the support of a 10-year, $90 million tax credit award that was approved last month by state officials.

Residential & Mixed Use
Hudson Atlantic closes sale of 16-unit Jersey City apartment building for $2.35 million

A private investor has acquired a 16-unit apartment building in Jersey City’s historic Bergen-Lafayette section, in a newly announced deal by Hudson Atlantic Realty.

Residential & Mixed Use
KRE Group unveils, launches leasing at 285-unit rental property in Marlboro

Kushner Real Estate Group has launched leasing at a sprawling collection of 285 apartments in Marlboro, the latest addition to its portfolio of luxury garden-style properties.

Residential & Mixed Use
Morristown tract slated for 29-unit multifamily project fetches $6.8 million, Kislak says

A development site in Morristown that will be home to 29 townhome-style apartments has traded for $6.8 million, according to a brokerage team with The Kislak Co. Inc.

Finance & Capital Markets
Unity Bank closes construction loan for Hunterdon assisted living, memory care project

A developer has snagged a multimillion-dollar construction loan for a 122-unit assisted living and memory care residential facility in Clinton Town.

Residential & Mixed Use
Walters meet strong demand with new 25-unit affordable housing project in Montvale

Walters has completed construction on a new two-building, 25-unit multifamily project in Montvale that will provide housing for low- and moderate-income families.

Finance & Capital Markets
Kaplan, Nuveen close $27 million loan for new 128-unit Toms River rental project, JLL says

Kaplan Cos. has secured nearly $27 million in financing for a newly built, 128-unit apartment property in Ocean County, in a newly completed deal by JLL.