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
Walters marks Sandy anniversary, kicks off 67-unit redevelopment on Brick barrier island

Walters has broken ground on a project that will bring 67 new homes to Brick Township, helping revitalize a stretch of the town’s barrier island section that was ravaged by Hurricane Sandy.

Professional Services
JLL taps longtime team member as associate focused on multifamily investment sales

A longtime member of JLL’s New Jersey capital markets practice is now an associate with the Morristown-based team.

Finance & Capital Markets
Investors take pause, reassess as interest rates shock commercial real estate market

The rapid rise in interest rates has caused a sudden slowdown and growing uncertainty in New Jersey’s investment sales market, leading buyers to reassess their plans in the near term, while placing newfound pressure on even the strongest asset classes.

Residential & Mixed Use
Kislak: Owner of 14-unit New Brunswick apartment building sells after 30 years

The longtime owner of a 14-unit apartment building in New Brunswick has sold the property for $1.8 million in cash, in a deal arranged by The Kislak Co. Inc.

Residential & Mixed Use
Veris Residential rejects Kushner’s $4.3 billion takeover bid

Veris Residential Inc. has officially rejected Kushner Cos.’ $4.3 billion takeover bid for the Jersey City-based real estate investment trust, the company announced Thursday.

Residential & Mixed Use
Hovnanian, Coldwell Banker Realty tout debut of Manalapan active adult community

Hovnanian has opened the first phase of a new active adult community in Manalapan, where it’s marketing a mix of single-family dwellings alongside Coldwell Banker Realty New Homes.

Residential & Mixed Use
Façade, pool renovations underway at 22-story condo building in Union City, Kratchman says

An extensive renovation of a 22-story residential building in Union City is underway, marking the start of a plan to modernize the 56-year-old property over the next several years.

Residential & Mixed Use
Magill Real Estate buys 48-unit Elizabeth high-rise for $6.2 million, Kislak says

A local operator has purchased a 48-unit apartment high-rise in Elizabeth for $6.2 million, in a newly completed deal by The Kislak Co. Inc.

Residential & Mixed Use
Bijou, Accurate to partner in Montclair apartment project, in joint venture deal brokered by JLL

Development firms Bijou Properties and Accurate are teaming to build 74 luxury apartments in downtown Montclair, brokers with JLL announced Monday.

Residential & Mixed Use
Grid: Investor buys 10 apartments, retail space in Jersey City Heights for $3.8 million

An investor has picked up 10 apartments and two retail spaces with its purchase of a two-building portfolio in Jersey City, according to a broker with Grid Real Estate.