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
Commercial real estate leaders pay tribute to Oliver after lieutenant governor’s death

The death of Lt. Gov. Sheila Oliver is rippling through the state’s commercial and residential real estate industries, whose leaders recalled her as a pioneer and devoted public servant who advocated for affordable housing and economic development.

Residential & Mixed Use
Family sells 126-unit Elizabeth apartment complex after 40 years, Gebroe-Hammer says

The longtime owner of a 126-unit garden apartment complex in downtown Elizabeth has sold the property, in a newly announced deal by Gebroe-Hammer Associates.

Professional Services
JLL promotes DeVesty to director with Morristown-based capital markets team

JLL has promoted a longtime member of its New Jersey-based capital markets team to a production role focused on multifamily investment sales.

Professional Services
Sitar hires new sales associate focused on industrial, multifamily

Sitar Realty Co. has announced the addition of a sales associate to its Woodbridge-based team of brokerage professionals.

Office
Veris places another Harborside office tower, land site under contract for combined $104 million

Veris Residential Inc. has agreed to sell two additional pieces of its flagship Harborside campus in Jersey City, including a nearly 250,000-square-foot office building and a development parcel that was once slated for more than 1 million square feet of additional space.

People
Rockefeller Group’s Leondi joins National Institute of Building Sciences as board member

A key executive with Rockefeller Group’s Morristown-based team is among five new board members at The National Institute of Building Sciences.

Retail
Italian eatery opens at Renaissance Properties’ mixed-use development in Chesterfield

Renaissance Properties has welcomed another retail tenant at its sprawling mixed-use development in Burlington County with the opening of an Italian restaurant.

Residential & Mixed Use
Advance opens new luxury rentals in Harrison after preleasing 100 of 399 units (SLIDESHOW)

Advance Realty Investors has opened the doors to its newest luxury apartments in Harrison, having preleased a quarter of the 399-unit property known as The Wyldes.

Professional Services
Cushman names new co-heads of New Jersey multifamily team, add three veteran brokers

Cushman & Wakefield has fortified its team of multifamily investment sales brokers in New Jersey with the appointment of new co-leaders and the addition of three industry veterans.

Government & Public Policy
EDA approves $34 million in Aspire tax credits for Newark, Union City senior housing projects

Developers are poised to bring new affordable senior housing to Newark and Union City with the help of a combined $33.9 million in tax credits approved under the state’s Aspire program.