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.

People
Rockefeller Group’s Leondi joins National Institute of Building Sciences as board member

A key executive with Rockefeller Group’s Morristown-based team is among five new board members at The National Institute of Building Sciences.

Retail
Italian eatery opens at Renaissance Properties’ mixed-use development in Chesterfield

Renaissance Properties has welcomed another retail tenant at its sprawling mixed-use development in Burlington County with the opening of an Italian restaurant.

Residential & Mixed Use
Advance opens new luxury rentals in Harrison after preleasing 100 of 399 units (SLIDESHOW)

Advance Realty Investors has opened the doors to its newest luxury apartments in Harrison, having preleased a quarter of the 399-unit property known as The Wyldes.

Professional Services
Cushman names new co-heads of New Jersey multifamily team, add three veteran brokers

Cushman & Wakefield has fortified its team of multifamily investment sales brokers in New Jersey with the appointment of new co-leaders and the addition of three industry veterans.

Government & Public Policy
EDA approves $34 million in Aspire tax credits for Newark, Union City senior housing projects

Developers are poised to bring new affordable senior housing to Newark and Union City with the help of a combined $33.9 million in tax credits approved under the state’s Aspire program.

Finance & Capital Markets
Slate, McCourt lend $59 million to complete 285-unit Jersey City rental tower

A joint venture has secured a $59 million bridge loan for the final stages of a 16-story, 285-unit multifamily development in Jersey City’s McGinley Square neighborhood.

Residential & Mixed Use
Two-building, 22-unit apartment portfolio in Paterson fetches $2.9 million, Marcus says

A private investor has purchased a 22-unit apartment portfolio in Paterson for nearly $3 million, in a transaction arranged by Marcus & Millichap.

Residential & Mixed Use
Reynolds acquires 125-unit rental complex outside Cleveland for first Midwest property

Reynolds Asset Management is expanding to the Midwest with its acquisition of a 125-unit apartment complex outside Cleveland, the Paramus-based real estate firm announced.

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.