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.

Finance & Capital Markets
CBRE: Blackstone 360 lands $60 million permanent loan for 213-unit East Orange high-rise

Blackstone 360 has closed on $60 million in permanent financing for a new 213-unit luxury apartment tower in East Orange, in a deal arranged by CBRE.

Residential & Mixed Use
Reynolds unveils property management platform for growing multifamily holdings

Reynolds Asset Management has launched a property management arm to support its fast-growing portfolio of apartments in the Garden State and beyond.

Residential & Mixed Use
Equity Residential sells 301-unit Hoboken rental property as part of $400 million portfolio deal

Equity Residential has sold a 301-unit apartment building in Hoboken as part of a reported three-state, three-property portfolio sale with a Los Angeles-based buyer.

Residential & Mixed Use
Developer seeking buyer for new 298-unit high-end rental property in Weehawken, JLL says

The owner of a new luxury apartment community in Weehawken’s acclaimed Port Imperial district has listed the property for sale, according to a brokerage team with JLL.

People
Accordia’s Gordon, Huelbig earn promotions as firm eyes continued growth

Accordia has promoted Alexa Gordon and Michael Huelbig, touting their contributions and evolving roles as the Fairfield-based firm expands its platform.

Residential & Mixed Use
Paramus tract slated for 162-unit luxury senior housing project sells for $9.25 million

A developer has acquired nearly 10 acres in Paramus with approvals in place for 162 age-restricted apartments, according to a brokerage team with Hudson Atlantic Realty.

Residential & Mixed Use
Veerman inks $6.35 million sale of historic but renovated 22-unit rental building in Boonton

A historic 22-unit apartment building in Boonton has changed hands for nearly $6.4 million, in a transaction arranged by Veerman Asset Management.

People
Petrucci welcomes Boone, former intern, as full-time marketing coordinator

Zoe Boone has joined J.G. Petrucci Co. Inc. as its marketing coordinator, securing a full-time role after interning with the Asbury-based developer and design-build firm.

Finance & Capital Markets
Hopkins Group scores $35 million financing deal for 50-unit Jersey City project, CBRE says

A developer has landed nearly $35 million in financing for a plan to bring 50 new apartments with ground-floor retail space to downtown Jersey City, according to brokers with CBRE.

Professional Services
JLL capital markets group promotes multifamily experts Didio Jr., Quinn and DeVesty

JLL has promoted Thomas Didio Jr., Gerard Quinn and Elizabeth DeVesty of its Morristown-based capital markets team, touting their role in the firm’s surging pipeline of multifamily deals.