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
Richman Group closes new affordable housing tax credit funds totaling $450 million

The Richman Group Affordable Housing Corp. has raised $450 million in new equity financing across three institutional investor funds focused on affordable housing tax credits.

Residential & Mixed Use
Spencer closes $9 million loan for 58-unit Hackensack rental building

Spencer Savings Bank has originated $9 million in financing to the owner of a 58-unit apartment building in Hackensack, the lender announced recently.

Sponsored Content
Indicators for the future of the New Jersey rental market

Inflation has cemented itself as the main concern for Americans over the past year and for good reason. The United States has seen costs rise across every single sector, but few have grown faster than housing. The state of New Jersey holds the distinction of having the sixth-highest rents in the nation and has seen an astronomical rise in those rents with annual growth rates peaking at nearly 33 percent in May of 2022.

Residential & Mixed Use
Hoboken: Two-story townhomes now available for sale at landmark Wonder Lofts project

The team behind the adaptive reuse project known as Wonder Lofts is now marketing a group of for-sale, townhome-style units at the Hoboken condominium property.

Retail
Renaissance Properties touts debut of bagel shop at mixed-use Chesterfield project

A new bagel shop has opened at the mixed-use development in Burlington County known as The Shops at Old York Village, under a recently announced lease by Renaissance Properties.

Residential & Mixed Use
Tulfra breaks ground on Rochelle Park apartments, with $35 million construction loan in hand

Tulfra Real Estate has broken ground on a new 160-unit multifamily development in Rochelle Park, the latest piece of a mixed-use site directly south of Westfield Garden State Plaza.

Finance & Capital Markets
JLL: Denholtz inks $11 million permanent loan for 288-unit high-rise complex in Rahway

Denholtz Properties has closed on $11 million in permanent financing for a two-building, 288-unit apartment property in downtown Rahway.

Residential & Mixed Use
Paramount nears completion of 70-unit rental building in Plainfield

Paramount Assets is set to unveil a new 70-unit luxury apartment building in Plainfield that has helped revitalize the former site of a used car dealership.

Professional Services
Veteran broker with Blau & Berg joins SIOR membership ranks

A longtime broker with The Blau & Berg Co. has earned the coveted membership designation with the Society of Industrial and Office Realtors.

Residential & Mixed Use
Hudson Atlantic inks sale of 14-unit Sussex apartment building for $2.6 million

An investor has purchased a 14-unit garden apartment property in Sussex County for $2.6 million, under a deal arranged by Hudson Atlantic Realty.