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.

Professional Services
Kislak honors top producers in sales, leasing categories during annual awards program

The Kislak Co. Inc. highlighted four of its top producers recently during its annual awards program, where it also marked a year with more than $1 billion in total sales volume.

Deals
NAI Hanson inks sale of parking lot, would-be development site in downtown Newark

A prospective developer has acquired a parking lot in Newark’s growing Lincoln Park neighborhood, in a recent deal by NAI James E. Hanson.

Residential & Mixed Use
Trammell Crow taps Adamo as senior vice president for Northeast multifamily business

Trammell Crow Co. has named a new senior vice president to help grow its multifamily development pipeline in the tristate area.

Residential & Mixed Use
Accurate unveils 105-unit luxury rental property in downtown Bound Brook

Accurate has launched leasing at a new 105-unit multifamily property in Bound Brook, in the latest addition to its portfolio and to the borough’s stock of high-end apartments.

Residential & Mixed Use
Hoboken-based Rockabill adds veteran multifamily developer as principal

Rockabill, a development partner and consultant to affordable, supportive and transitional housing owners, has added a multifamily industry veteran to its executive team.

Residential & Mixed Use
Construction underway on 153-unit rental project in Carteret, borough officials say

Developers have broken ground on a project that will bring 153 new apartments and commercial space to downtown Carteret, borough officials announced Tuesday.

Featured
History, legacy in focus as Hanson family marks 100 years in commercial real estate

A century of New Jersey commercial real estate history took center stage last month, as three generations of the Hanson family gathered to mark its 100th anniversary in the industry.

Residential & Mixed Use
Cervelli: Three-building, 36-unit rental property in Jersey City trades for $4.9 million

A longtime owner has sold a three-building, 36-unit apartment property in Jersey City for $4.9 million, in a newly announced deal by Cervelli Real Estate.

Events
Cushman’s Donnelly among honorees slated for NAIOP New Jersey’s 36th annual gala

Veteran office broker Robert Donnelly will receive NAIOP New Jersey’s lifetime achievement award later this year, one of several honorees unveiled Thursday by the commercial real estate association.

Finance & Capital Markets
Wilcox sources $10 million permanent loan for Russo rental property in Union Twp.

Russo Development has secured $10 million in permanent financing for a two-building, 88-unit multifamily property in Union Township, in a transaction arranged by G.S. Wilcox & Co.