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
JLL: Developers land $58 million permanent loan for new 220-unit Englewood property

A joint venture has snagged nearly $58 million in permanent financing for a newly built, 220-unit apartment property in downtown Englewood, brokers with JLL announced.

Residential & Mixed Use
Investor buys 46-unit Cranford apartment complex for $14.7 million, Hudson Atlantic says

Hudson Atlantic Realty has brokered the trade of a 46-unit garden apartment complex in Cranford, achieving a price of more than $318,000 per unit for the 1940s property.

Residential & Mixed Use
Gebroe-Hammer inks $5.4 million sale of 33-unit Passaic apartment building

A private investor has acquired a 33-unit apartment building in Passaic for $5.35 million, in a newly announced transaction by Gebroe-Hammer Associates.

Finance & Capital Markets
Newark, Irvington apartment owner refis for $39 million, Greystone says

The owner of a 287-unit apartment portfolio in Essex County has refinanced for more than $39 million, Greystone said, securing the debt under Freddie Mac’s Small Balance Loans program.

Residential & Mixed Use
KRE, National break ground on 360-unit apartment tower in key Philadelphia district

Construction is underway on a new apartment tower that marks Kushner Real Estate Group’s entrance to Philadelphia, with plans to connect two well-known neighborhoods in the city.

Residential & Mixed Use
NAI Hanson: Vernon senior housing plan moves forward after sale of development parcels

A developer has acquired several parcels in Sussex County with approvals in place to build a new 55-unit senior housing community, in a deal arranged by NAI James E. Hanson.

Residential & Mixed Use
Connell details plans for new residential, retail phases at landmark Berkeley Heights campus

The Connell Co. has unveiled new details of a plan to transform its flagship business park in Berkeley Heights, having secured approvals to add more than 300 apartments and a sprawling entertainment, dining and retail space across five new buildings.

Residential & Mixed Use
Micro-apartments coming to Newark, as concept expands in New Jersey cities

A developer is set to open more than 100 micro-apartments in downtown Newark, marking at least the second such project in New Jersey and the growth of a concept that could soon spread to other small and midsized cities.

Professional Services
MIG Real Estate opens new office in Newark for growing brokerage, property management team

Brokerage and property management firm MIG Real Estate has opened a new office in Newark’s Ironbound section that will serve its growing roster of multifamily investor clients.

Residential & Mixed Use
Treuhold Capital, Coldwell Banker debut latest phase of Northvale condo project

A developer and its sales team have unveiled the latest piece of a previously stalled, age-restricted condominium community in the Bergen County borough of Northvale.