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.

Developers break ground on two-phase, 410-unit apartment project in Orange

A joint venture has broken ground on the first piece of what will ultimately be more than 400 luxury apartments and new public space alongside an NJ Transit train station in Orange.

Kislak: Developer sells boutique Maplewood apartment building for $7.6 million

The developer of a newly built, 20-unit apartment building in Maplewood has sold the property for $7.6 million, under a deal arranged by The Kislak Co. Inc.

Petrucci touts start of 172-unit rental project in East Orange amid continued pipeline growth

J.G. Petrucci Co. Inc. has kicked off a project that will bring 172 apartments to East Orange, seeking to tap into a location just north of Interstate 280 and a commuter train station.

Madison closes loans for Short Hills, North Bergen properties

A private equity firm has expanded its reach in the New Jersey commercial real estate sector, announcing a $35 million loan for a two-building office portfolio in Essex County.

NJPAC details plans for $150 million expansion, transformation of Newark campus (SLIDESHOW)

A long-awaited plan to expand the New Jersey Performing Arts Center campus in Newark — with new residential, commercial and cultural space — is slated to break ground next year.

J&L lands $94 million construction loan for long-awaited, 403-unit project in Newark

The developer of a 12-story, 403-unit apartment complex in Newark’s Ironbound section has secured $94 million in financing, in a newly announced transaction by Greystone.

Developers launch construction for 56-unit affordable housing property in Irvington

A development team has broken ground on a 56-unit apartment building in Irvington that will serve low- and moderate-income renters and residents with special needs.

NJAA lauds passage of bill to end state’s eviction moratorium

A bill that would wind down New Jersey’s moratorium on residential evictions is headed for Gov. Phil Murphy’s desk, drawing cheers from many landlords after months of uncertainty.

Procida marks payoff of $19 million construction loan, as 122 micro-units open in Jersey City

An area lender is touting the completion of 122 micro-apartments in Jersey City, thanks in part to nearly $19 million in construction financing.

Bill to end eviction ban, with additional protections, slated for vote by full Legislature

A bill that would end New Jersey’s eviction ban later this summer while still providing protections to many apartment renters is poised for a full vote in the state Legislature.