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.

Events
Jersey City Summit, high-profile development showcase, set to return May 22

The popular Jersey City Summit is set to return on May 22, marking its eighth year as it prepares to welcome more than 1,000 attendees for the annual real estate industry showcase.

Finance & Capital Markets
Hampshire snags $62 million construction loan for 270-unit Hackensack rental project

An affiliate of The Hampshire Cos. has landed a $62 million construction loan for a 270-unit apartment building in downtown Hackensack, in a newly announced deal by Northmarq.

Roundtable
What is the next must-have amenity, perk or design feature in new apartment buildings?

What is the next must-have amenity, perk or design feature in new apartment buildings? We assembled a panel of industry experts to tackle this month’s question.

Government & Public Policy
Leaders in New Jersey housing, redevelopment pay tribute to late Sen. Ron Rice

The death of former state Sen. Ronald Rice resonated throughout New Jersey this week, drawing tributes from groups including those involved in housing and urban redevelopment.

Government & Public Policy
Westfield council greenlights HBC redevelopment of Lord & Taylor site, nearby lots

Local officials in Westfield have cleared the way for the Hudson’s Bay Co. to redevelop a vacant Lord & Taylor site and several adjacent blocks downtown, with plans calling for more than 300,000 square feet of office space and some 200 residential units.

Finance & Capital Markets
Developers ink $58 million refi of 240-unit Journal Square rental building, JLL says

The owners of a six-year-old, 240-unit luxury apartment building in Jersey City have closed on $58 million in financing for the property, according to a debt placement team with JLL.

Finance & Capital Markets
BLT lands $257 million Greystone loan for The Beacon in Jersey City, C&W says

The owner of the nearly 1,200-unit apartment complex known as The Beacon in Jersey City has snagged more than $257 million in financing, brokers with Cushman & Wakefield announced.

Finance & Capital Markets
Developer of 203-unit Newark rental tower inks $50 million construction loan, FM Capital says

A developer has secured nearly $50 million in financing for a planned 203-unit apartment building in Newark’s University Heights section, in a deal arranged by FM Capital.

Residential & Mixed Use
Kislak: Bayonne development site approved for 197 rentals fetches $10 million

A developer has sold a series of parcels in Bayonne where city officials have approved plans for nearly 200 new apartments, in a deal arranged by The Kislak Co. Inc.

Residential & Mixed Use
Cervelli tapped as property manager by owners of Weehawken apartments

The owner of nearly 50 apartments in Weehawken has tapped Cervelli Real Estate and Property Management as its agent at the property, in one of two new assignments for the firm.