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
Prism launches leasing at new 252-unit Dunellen rental property

Leasing is underway at Prism Capital Partners’ new 252-unit high-end apartment property in Dunellen, where the firm has brought new life to a former industrial site in the downtown.

Residential & Mixed Use
Newark, East Newark portfolio with 20 apartments trades for $3.2 million, Kislak says

A partnership has sold a three-building, 20-unit apartment portfolio in Newark and East Newark for nearly $3.2 million, according to a brokerage team with The Kislak Co. Inc.

Residential & Mixed Use
RIPCO: Buyer wanted for new 59-unit Hudson County apartment building

The developer of a new 59-unit luxury apartment building in North Bergen is seeking a buyer for the property, brokers with RIPCO Real Estate announced Wednesday.

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.