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.

Photos
Sanzari named finalist in annual New Jersey Family Business of the Year Awards

Alfred Sanzari Enterprises and other top family-owned firms in New Jersey took center stage last month as part of an annual program hosted by Fairleigh Dickinson University.

Retail
Prism inks deals with Blue Foundry, Kessler as first retail tenants at Dunellen project

Prism Capital Partners has secured its first two retail tenants at a new mixed-use development in the Middlesex County borough of Dunellen.

Residential & Mixed Use
Developers join Murphy, Oliver to launch $500 million redevelopment in East Orange

An investment group has broken ground on what’s billed as a $500 million development project in East Orange, where plans call for 820 mixed-income apartments and more than 200,000 square feet of commercial space anchored by a new supermarket.

Residential & Mixed Use
Investors reap $30 million from sale of 89-unit Marlboro senior housing property

A joint venture has sold an 89-unit, age-restricted apartment complex in Monmouth County for nearly $30 million, in a newly announced deal by JLL.

Residential & Mixed Use
Blue Onyx adds senior vice president of development, acquisitions

Commercial real estate firm Blue Onyx Cos. has named a new senior vice president of development and acquisitions, tapping a veteran industry executive for the post.

Community
Larken Associates volunteer team returns from latest home-building mission in Guatemala

Employees of Larken Associates have completed their latest volunteer trip to Guatemala as part of an ongoing effort to provide sustainable housing and education in the country.

Policy Page
Reduce, reuse, recycle: Vintage Jersey properties are ripe for repurposing

As one of America’s original 13 colonies, New Jersey has a rich and historic past. This includes former industrial properties or commerce centers in urban areas, more recently developed office parks in the suburbs and older office buildings — many of which largely stand empty — in central business districts. These vacant relics — together and individually — can be transformed into new, vibrant centers for live, work and play.

Residential & Mixed Use
Atlantic City: Blatstein pitches $3 billion housing, commercial project at Bader Field site

Bart Blatstein, the owner of the Showboat Atlantic City, is pitching a new $3 billion plan that would bring 10,000 residential units, 400,000 square feet of commercial space and vast stretches of open space to the long-vacant Bader Field site in the city.

Residential & Mixed Use
Denholtz, Redwood eye start of construction for 143-unit Bound Brook rental project

Denholtz Properties and Redwood Real Estate Group are set to break ground on a new 143-unit luxury apartment building in downtown Bound Brook, the firms announced Monday.

Finance & Capital Markets
C&W: Owner of The Beacon in Jersey City seeking up to $325 million in refinancing

The owner of a landmark 1,155-unit residential complex in Jersey City is seeking to refinance the property for up to $325 million, brokers with Cushman & Wakefield announced.