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
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.

Retail
Café, dentist coming to retail space at new Denholtz apartment building in Red Bank

Two new commercial tenants are coming to Denholtz Properties’ recently delivered, ground-up development in Red Bank’s West Side neighborhood, the firm announced Thursday.

Residential & Mixed Use
East Orange development site slated for 113 units sells for $4.15 million

A developer has sold a parcel in East Orange with approvals in place to build 113 market-rate apartments, in a newly announced deal by CBRE.

Residential & Mixed Use
Weiss plans groundbreaking for newly approved, 240-unit rental project in Delran

Weiss Properties has secured local approvals to build 240 new luxury apartments in the Burlington County township of Delran, the firm announced Wednesday.

Residential & Mixed Use
Gebroe-Hammer: Two-building, 94-unit East Orange rental portfolio fetches $12 million

A private investor has purchased two East Orange apartment buildings with a combined 94 units for $11.9 million, according to a brokerage team with Gebroe-Hammer Associates.

Residential & Mixed Use
Kislak inks sale of mixed-use buildings in Asbury Park, Long Branch for $3.6 million

Two mixed-use buildings in Monmouth County have changed hands for a combined $3.6 million, in a set of newly announced deals by The Kislak Co. Inc.

Editor’s Note
Taking the lead

Industrial space may well be the new darling of commercial real estate. Yet, as we’ve seen recently in New Jersey, it’s also now the biggest target for the type of fierce local opposition that was long reserved for apartment builders.

Residential & Mixed Use
Blue Onyx prepares for pivot to large-scale urban projects, maintaining focus on social impact

Blue Onyx Cos. is filling its pipeline with larger, more ambitious development projects in Paterson and other urban markets, with an eye toward major multifamily and mixed-use investments that it says will still provide social impact and affordably priced homes.

Residential & Mixed Use
Crossroads, CrownPoint buy Dover development site approved for 90 luxury rentals

A developer has purchased a site in downtown Dover with approvals in place to build 90 new luxury apartments on the parcel, in a transaction arranged by Florham Realty Group Inc.

Residential & Mixed Use
Buyer wanted for Newark development site approved for 209 rentals, Veerman says

The owner of a Newark property with approvals for 209 new apartments is seeking a buyer for the parcel’s land interest, in a newly announced offering by Veerman Asset Management.