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.

Adaptation

The glory days of near-zero vacancy and hard-to-fathom rent growth in the industrial market always came with the slightest bit of tension, especially among veteran landlords who know full well that nothing lasts forever. And with good reason, as we now know, as the asset class grapples with new headwinds that may not have seemed likely only two years ago.

TD pledges $2 billion to affordable housing, lending programs alongside NJCA, HCDNNJ

TD Bank has pledged $2 billion toward affordable housing, affordable mortgage lending and other investments aimed at supporting lower-income communities in the state, under a partnership announced this week with two influential advocacy groups.

Premier Development launches sales at new luxury housing community in Readington

Premier Development has launched sales at a new residential community in Readington, offering a collection of 39 luxury homes with prices starting in the $900,000 range.

Accurate welcomes first renters to new 185-unit Little Falls rental property

Accurate has opened the doors to its new 185-unit upscale apartment property in downtown Little Falls, marking the latest addition to its fast-growing rental portfolio.

Fort Lee retail center with multifamily zoning on the market for sale, JLL says

The site of a busy shopping center in Fort Lee is on the market for sale, with the potential for redevelopment as a multifamily property at the foot of the George Washington Bridge.

Newmark Associates closes sale of 2,100 sq. ft. Mendham commercial building

The site of a historic mixed-use building in Mendham’s business district has changed hands, in a newly announced deal by Newmark Associates CRE.

Berkadia: Investor buys 33-unit Newark apartment building for $4.3 million

An investor has purchased a 33-unit apartment building in Newark for $4.3 million, in one of several recent deals by Berkadia’s New Jersey team.

LeFrak lands planning board approval for two-tower, 322-unit rental project in Jersey City

LeFrak has secured a key approval to build another 322 apartments in Jersey City, joining a growing list of developers in an area just south of Hoboken and west of the Holland Tunnel.

Walters eyes 2024 delivery of new 63-unit affordable housing property in Chatham

Walters has broken ground on a new 63-unit apartment community in Chatham, in the latest piece of the developer’s fast-growing pipeline of affordable housing.

Iron Ore hits leasing milestone, rents two-thirds of 120-unit Plainfield apartment building

A development team has leased nearly two-thirds of a new 120-unit apartment building in Plainfield, reaching the milestone less than four months after unveiling the property.