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.

Residential & Mixed Use
Procida taps Coldwell Banker, Kamson for Cherry Hill residential project

Developer and investor Billy Procida has assembled a new team for a luxury residential community in Cherry Hill, as it prepares to bring another 283 units to the site.

People
Larken’s Iacobucci promoted to CFO one year after joining firm

Larken Associates has promoted veteran industry executive David Iacobucci to chief financial officer, the Branchburg-based firm announced Tuesday.

Residential & Mixed Use
Kislak inks multifamily deals in Passaic, Orange totaling $3.9 million

A building with 23 apartments and a restaurant space in Passaic has traded for $2.5 million, in one of two newly announced deals by The Kislak Co. Inc.

Retail
Mixed-use portfolio in Morris Plains trades for $2 million, JLL says

The longtime owner of two mixed-use buildings and a warehouse in Morris Plains has sold the portfolio for $2 million, in a newly announced deal by JLL.

Residential & Mixed Use
URW, Mill Creek reveal new details of plan to transform Westfield Garden State Plaza

The owner of Westfield Garden State Plaza in Paramus is offering a fresh look at its plan to reimagine the iconic mall, as it prepares for a late 2024 groundbreaking at the 30-acre site.

Residential & Mixed Use
Russo unveils final rental building in Union, completing more than 1,200 units at ex-Merck site

Russo Development has marked the opening of more than 300 new luxury apartments in Union Township, the final piece of a sweeping plan to transform a 42-acre former Merck & Co. campus adjacent to Kean University.

Residential & Mixed Use
Fantin unveils 297-unit luxury rental building in Journal Square

Developer Milton Fantin has debuted a collection of nearly 300 luxury apartments and amenities in Jersey City’s resurgent Journal Square section.

Professional Services
Langan’s Chun among five honorees for NAIOP’s 2023 Developing Leaders Award

NAIOP has recognized a senior project scientist with Langan Engineering & Environmental Services as a recipient of its 2023 Developing Leaders Award.

Top News
Parking at multifamily properties is overbuilt, Rutgers study finds, highlighting need for new state guidelines

Demand for parking at multifamily properties in New Jersey is well below what state guidelines require, according to a newly released study by the Rutgers Center for Real Estate, highlighting the potential to reduce construction costs, improve housing affordability and soften the environmental impact of new development by easing state mandates.

Government & Public Policy
City, state officials break ground on highly touted pedestrian bridge to link Newark’s downtown, Ironbound section

Construction is set to begin on a long-awaited pedestrian bridge that will connect downtown Newark to the city’s acclaimed Ironbound neighborhood, helping to spark new development and create additional access to both Newark Penn Station and the Prudential Center.