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
Inspired lands key approval, eyes 2024 groundbreaking for Asbury Park luxury condos

Inspired by Somerset Development has received site plan approval to bring 155 upscale condominiums and retail space to a parcel one block from Asbury Park’s iconic boardwalk.

Residential & Mixed Use
First residents arrive at new Accurate rental property in Bayonne

Accurate has welcomed its first residents to a waterfront multifamily property in Bayonne, part of the ongoing redevelopment of the city’s historic Military Ocean Terminal property.

Residential & Mixed Use
Developer plans new housing in Hackensack after five-parcel acquisition, NAI Hanson says

A developer has acquired five parcels near downtown Hackensack with plans to build a new residential project just steps from NJ Transit rail service.

Residential & Mixed Use
Investor buys three-property, 41-unit apartment portfolio in Paterson

A private investor has purchased a 41-unit apartment portfolio in Paterson for more than $5.1 million, in a newly announced deal by RIPCO Real Estate.

Professional Services
Longtime broker, entrepreneur joins Sitar as senior director

A veteran broker has joined Sitar Realty Co. as a senior director, with a focus on leasing and sales of restaurants, retail, warehouse and multifamily properties.

Finance & Capital Markets
Slate Property Group closes $160 million bridge loan for 432-unit Journal Square rental tower

Namdar Group has landed a $160 million bridge loan for its newly completed, 432-unit apartment tower in Jersey City’s burgeoning Journal Square section.

Residential & Mixed Use
Kaplan debuts new townhomes in Sayreville, completing 1,500-unit development after 35 years

A sprawling residential development in Sayreville has entered its final stages after 35 years with the completion of 102 rental homes overlooking Cheesequake Park.

Top News
Real estate magnate, philanthropist Wentworth to be inducted to New Jersey Hall of Fame

Real estate and business titan Finn Wentworth will be among this year’s inductees to the New Jersey Hall of Fame, joining a who’s who of past and present leaders in industry, culture and sports in the Garden State.

Residential & Mixed Use
Developer unveils 170-unit upscale apartment complex in Bloomfield

A developer has opened the doors to a new two-building, 170-unit luxury apartment property just west of NJ Transit’s Bloomfield station.

Retail
Gelato, coffee shop opens at The Mint in downtown Rahway

A resident of a new apartment complex in downtown Rahway has opened a gelato and coffee shop inside the property’s ground-floor retail space.