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
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.

Residential & Mixed Use
Passaic building with 13 apartments, retail space trades for $4.3 million, Kislak says

A distinctive 13-unit apartment and retail building in Passaic has changed hands for $4.3 million, in a deal arranged by The Kislak Co. Inc.

Professional Services
Three recent hires fueling growth of Hudson Atlantic multifamily team, brokerage firm says

Hudson Atlantic Realty has bolstered its multifamily brokerage unit with three recent additions to its team and a growing transaction pipeline.