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
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.

Residential & Mixed Use
Kislak: Family owners sell 120-unit apartment portfolio in Elizabeth, Hillside for $15 million

A family ownership group has sold a 120-unit apartment portfolio in Union County for $15 million, in a newly announced deal by The Kislak Co. Inc.

Professional Services
Cushman details 17 new hires on New Jersey capital markets, leasing and operations teams

Cushman & Wakefield has announced a flurry of new hires aimed at bringing young talent to its capital markets, leasing and operations teams in New Jersey.

Finance & Capital Markets
Apartment owner closes $79 million refi for New Jersey, Bronx apartment portfolio

The owner of an apartment portfolio spanning more than 1,000 units in New Jersey and the Bronx has refinanced for nearly $80 million, in a deal arranged by Eastern Union.

Retail
Pierson Commercial inks $2.5 million sale of commercial condo at Hoboken’s Wonder Lofts

Prism Capital Partners has sold a 3,400-square-foot commercial condominium at the newly opened Wonder Lofts property in Hoboken, in a deal arranged by Pierson Commercial.

Professional Services
Structural Workshop expands to South Florida, eyeing opportunities in condo sector

Structural Workshop, a Mountain Lakes-based engineering firm, has opened a third office with its expansion to South Florida.

Residential & Mixed Use
JMF eyes early 2023 debut for 125-unit Morris Plains rental building

A new luxury apartment building by JMF Properties is nearing completion in Morris Plains, where plans call for 125 units and a new connection to the borough’s downtown.

Top News
Marchetto Higgins Stieve Architects rebrands, touts growing pipeline of high-rise projects

MHS Architecture’s portfolio of high-rise projects in New Jersey includes Liberty Harbor Development’s 33-story 88 Regent project in Jersey City. — Courtesy: MHS Architecture By Joshua Burd One of the state’s best-known design firms for multifamily and mixed-use projects has…

Government & Public Policy
NJ Transit wins grant to study development along planned Hudson-Bergen Light Rail extension

NJ Transit has secured nearly $600,000 in federal funds to study development prospects along what would be the long-awaited, nine-mile extension of the Hudson-Bergen Light Rail.