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
Micro-apartments coming to Newark, as concept expands in New Jersey cities

A developer is set to open more than 100 micro-apartments in downtown Newark, marking at least the second such project in New Jersey and the growth of a concept that could soon spread to other small and midsized cities.

Professional Services
MIG Real Estate opens new office in Newark for growing brokerage, property management team

Brokerage and property management firm MIG Real Estate has opened a new office in Newark’s Ironbound section that will serve its growing roster of multifamily investor clients.

Residential & Mixed Use
Treuhold Capital, Coldwell Banker debut latest phase of Northvale condo project

A developer and its sales team have unveiled the latest piece of a previously stalled, age-restricted condominium community in the Bergen County borough of Northvale.

Finance & Capital Markets
JLL: Buyer sought for Meadowlands hotel site with multifamily redevelopment prospects

The site of the Hilton Meadowlands Hotel and its parking lot in East Rutherford is on the market for sale, in an offering that could yield two multifamily redevelopment opportunities.

Residential & Mixed Use
Developers break ground on 40-unit rental project next to upscale Montclair hotel

The developers of the upscale MC Hotel in Montclair have broken ground on a new 40-unit apartment building that will rise adjacent to the downtown property.

Events
Multifamily construction starts tick downward, but panelists express long-term optimism

Rising interest rates are weighing on New Jersey’s multifamily pipeline, at least in the near term, but have seemingly not dampened the longer outlook for new construction.

Finance & Capital Markets
Cronheim: Owner of newly built Hillsborough apartments snags $49 million permanent loan

The owner of a new mixed-use town center development in Hillsborough has secured a $49 million permanent take-out loan, according to an advisory team with Cronheim Mortgage.

Finance & Capital Markets
JLL inks $26 million construction loan for 115-unit luxury rental project near Princeton

A developer has landed a $26.3 million construction loan for a planned 115-unit luxury apartment property outside Princeton, brokers with JLL announced Wednesday.

Finance & Capital Markets
JLL: Developer inks $18 million financing package for new rentals in West New York

A private developer has secured construction financing for a 48-unit multifamily project in West New York and a second loan for an existing property in the town, brokers with JLL said.

Residential & Mixed Use
Diversified starts construction for crowdfunded luxury rental project in Morris County

Diversified Properties has broken ground on a planned 60-unit luxury apartment building in Wharton, in a project that is being funded with the help of crowdsourced investors.