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.

Finance & Capital Markets
Denholtz, Redwood ink $32 million construction loan for Bound Brook rental project, JLL says

A joint venture has landed more than $32 million in construction financing for a planned 143-unit apartment building in Bound Brook, brokers with JLL announced Thursday.

Residential & Mixed Use
Tulfra, Hampshire sell new luxury rental project in North Haledon for $89 million

Tulfra Real Estate and The Hampshire Cos. have sold a newly built, 180-unit apartment property in North Haledon for $89 million, in the culmination of a project that was a decade in the making.

Government & Public Policy
Murphy joins LCOR, NJ Transit to break ground on historic Hoboken Connect project

Construction is set to begin on the long-awaited Hoboken Connect project, where plans call for improving the city’s historic transit terminal, infrastructure upgrades and new development that would include nearly 400 apartments and 635,000 square feet of high-end office space.

Residential & Mixed Use
Park Stone, Fields Grade launch leasing at new 99-unit Journal Square rental building

Leasing is underway at a new six-story, 99-unit luxury apartment building in Jersey City’s fast-growing Journal Square district.

Government & Public Policy
Demolition begins in East Brunswick as builders, officials prepare to transform Route 18

A development team has started demolition of a blighted, long-vacant retail complex along Route 18 in East Brunswick, in a critical step in a plan to build new apartments, commercial space and other uses as part of a destination spanning dozens of acres.

Residential & Mixed Use
RMS Cos. sells newly built, 153-unit rental property in Union Twp.

Development firm RMS Cos. has sold a 153-unit luxury apartment building in Union Township, its first completed project in New Jersey, in a deal arranged by CBRE.

Residential & Mixed Use
Leasing underway at 250-unit Newark Urby project

A luxury apartment brand’s debut in Newark is officially underway with the launch of leasing at the site of a newly restored and expanded tower in the city’s downtown.

Government & Public Policy
NAI Hanson: Township acquires, preserves would-be development site in Hunterdon County

The Hunterdon County township of Raritan is preserving 48 acres near Route 202 after acquiring the property, according to a broker with NAI James E. Hanson.

Residential & Mixed Use
W&D: Luxury apartment building near Harrison PATH train on the market for sale

Russo Development is seeking a buyer for a nearly 400-unit luxury apartment property in Harrison, under a newly launched offering by Walker & Dunlop.

Features
Nonprofit eyes rehab, expansion of Trenton home as permanent hub for living and learning

A nonprofit serving marginalized high school girls in Trenton has purchased a three-story house in the city that it now hopes to renovate into a permanent dwelling for the organization, one that would nearly quadruple its student population, while bringing its team of educators and administrators under one roof.