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
Kislak: Owner of 14-unit New Brunswick apartment building sells after 30 years

The longtime owner of a 14-unit apartment building in New Brunswick has sold the property for $1.8 million in cash, in a deal arranged by The Kislak Co. Inc.

Residential & Mixed Use
Veris Residential rejects Kushner’s $4.3 billion takeover bid

Veris Residential Inc. has officially rejected Kushner Cos.’ $4.3 billion takeover bid for the Jersey City-based real estate investment trust, the company announced Thursday.

Residential & Mixed Use
Hovnanian, Coldwell Banker Realty tout debut of Manalapan active adult community

Hovnanian has opened the first phase of a new active adult community in Manalapan, where it’s marketing a mix of single-family dwellings alongside Coldwell Banker Realty New Homes.

Residential & Mixed Use
Façade, pool renovations underway at 22-story condo building in Union City, Kratchman says

An extensive renovation of a 22-story residential building in Union City is underway, marking the start of a plan to modernize the 56-year-old property over the next several years.

Residential & Mixed Use
Magill Real Estate buys 48-unit Elizabeth high-rise for $6.2 million, Kislak says

A local operator has purchased a 48-unit apartment high-rise in Elizabeth for $6.2 million, in a newly completed deal by The Kislak Co. Inc.

Residential & Mixed Use
Bijou, Accurate to partner in Montclair apartment project, in joint venture deal brokered by JLL

Development firms Bijou Properties and Accurate are teaming to build 74 luxury apartments in downtown Montclair, brokers with JLL announced Monday.

Residential & Mixed Use
Grid: Investor buys 10 apartments, retail space in Jersey City Heights for $3.8 million

An investor has picked up 10 apartments and two retail spaces with its purchase of a two-building portfolio in Jersey City, according to a broker with Grid Real Estate.

Residential & Mixed Use
Gebroe-Hammer inks sale of 119-unit Essex Co. portfolio, hitting $1.35 billion through Q3

An apartment owner has sold a 119-unit portfolio in Essex County for $16.55 million, in one of nearly two dozen third-quarter deals by Gebroe-Hammer Associates.

Residential & Mixed Use
AIA New Jersey architects reflect on Superstorm Sandy 10th anniversary

By AIA-NJ Superstorm Sandy happened 10 years ago last week. The American Institute of Architects New Jersey Chapter (AIA New Jersey) joins our state in reflecting on Superstorm Sandy and remembering the lessons learned. Our members have assisted residents throughout…

Roundtable
What are we still learning about Hurricane Sandy’s impact on commercial real estate?

What are we still learning about Hurricane Sandy’s impact on commercial real estate? We assembled a panel of industry experts to tackle this month’s question.