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
Blackstone 360 unveils new East Orange apartments alongside existing rental tower

Blackstone 360 has debuted a new 70-unit luxury apartment tower alongside an existing property in East Orange, marking a new phase for its maiden project in the city.

Community
J&L, Sordoni partner for second annual toy drive benefiting Newark’s CCP Church

A toy drive for children in Newark’s Ironbound section made its return this week with the help of the development team for a new 12-story, 403-unit apartment building in the area.

Finance & Capital Markets
Owner of 108-unit Little Ferry rental complex refinances for $11 million, Northmarq says

A garden apartment owner in Little Ferry has refinanced a 108-unit complex for $11 million, according to a debt placement team with Northmarq.

Residential & Mixed Use
Boutique apartment building in Bergen-Lafayette is 50 percent leased

A new 38-unit apartment building in Jersey City’s Bergen-Lafayette section is now more than 50 percent leased after hitting the market earlier this year.

Residential & Mixed Use
New 337-unit rental complex rising in Jersey City’s West Side neighborhood, JRM says

Construction is progressing on a new 337-unit luxury apartment building in Jersey City’s fast-changing West Side neighborhood, the project’s general contractor said Monday.

Residential & Mixed Use
Prism launches leasing at new 252-unit Dunellen rental property

Leasing is underway at Prism Capital Partners’ new 252-unit high-end apartment property in Dunellen, where the firm has brought new life to a former industrial site in the downtown.

Residential & Mixed Use
Newark, East Newark portfolio with 20 apartments trades for $3.2 million, Kislak says

A partnership has sold a three-building, 20-unit apartment portfolio in Newark and East Newark for nearly $3.2 million, according to a brokerage team with The Kislak Co. Inc.

Residential & Mixed Use
RIPCO: Buyer wanted for new 59-unit Hudson County apartment building

The developer of a new 59-unit luxury apartment building in North Bergen is seeking a buyer for the property, brokers with RIPCO Real Estate announced Wednesday.

Residential & Mixed Use
Preleasing underway at new 44-unit luxury rental property in Hillsborough

Adoni Property Group is set to unveil a new 44-unit luxury apartment property in Hillsborough, according to a leasing and marketing team with Coldwell Banker Realty.

Editor’s Note
Sustained success

As you’ll read in this month’s cover story, the state’s Community Solar Energy Pilot Program has made it both easier and more lucrative for commercial property owners in New Jersey to go green, allowing solar developers to lease their rooftops and sell power to nearby residents. The policy has been critical to the growth of Solar Landscape, a solar developer founded in 2012 that’s been integral to the program’s rollout. Based in Asbury Park, the 10-year-old firm has leased more than 20 million square feet of rooftop space in New Jersey, making it a key player in the commercial real estate market in just a few years.