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.

Top News
New homeless shelter opens in Jersey City under plan for new Claremont apartment tower

The new St. Lucy’s Shelter has opened its doors at 612 Grove St. in Jersey City, following a project by Arc Building Partners in conjunction with the Archdiocese of Newark. — Courtesy: ARC By Joshua Burd Arc Building Partners has…

Retail
European-style coffee shop opens at Accurate’s new ‘Citizen Linden’ apartment building

Development firm Accurate has welcomed a coffee shop to the base of its new 234-unit luxury apartment building in Linden.

Professional Services
DIGroup marks National Minority Enterprise Development Week

DIGroup Architecture is reinforcing its commitment to diversity both internally and externally, as the New Brunswick-based firm marks National Minority Enterprise Development Week.

Residential & Mixed Use
Panepinto, adding to five-decade legacy in Jersey City, breaks ground on 605-unit high-rise

Panepinto Properties has broken ground on a 53-story residential tower in Jersey City, with plans to add more than 600 apartments to the burgeoning Journal Square neighborhood as its hails its latest investment during nearly five decades in the municipality.

Government & Public Policy
Developer lands $90 million Aspire tax credit award for 350-unit Newark rental project

A developer has secured a $90 million tax credit award for its plan to build a 14-story, 350-unit apartment building just south of Newark’s Broad Street station.

Professional Services
Multifamily finance expert joins CBRE as vice president for debt, structured finance team

CBRE has added a veteran broker to its Saddle Brook-based team, helping to bolster its debt and structured finance business in multifamily and other asset classes.

Residential & Mixed Use
Hornrock touts strong velocity after leasing 80 percent of 221-unit Hackensack rental building

Hornrock Properties has leased more than three-quarters of a new 221-unit luxury apartment building in downtown Hackensack, the developer said Monday.

Finance & Capital Markets
PGIM Real Estate taps Marcus, Amabile as co-CEOs

PGIM Real Estate has picked two of its longtime executives as co-CEOs amid several newly announced appointments for the Newark-based asset manager.

Retail
Grocer takes 3,500 sq. ft. at Hampshire-built apartment building in Hackensack

A specialty grocer has leased 3,500 square feet at the base of a new 82-unit apartment building in downtown Hackensack, according to a broker with NAI James E. Hanson.

Residential & Mixed Use
Cervelli closes sale of 3,500 sq. ft. residential, retail property in West New York

A local business owner has purchased a 3,500-square-foot mixed-use building in West New York, in a deal arranged by Cervelli Real Estate and Property Management.