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.

Roundtable
What will be the pandemic’s longest-lasting impact(s) on New Jersey’s multifamily sector?

We assembled a panel of industry experts to tackle this month’s question. Here’s what they had to say.

Residential & Mixed Use
Three-property, 113-unit rental portfolio in East Orange trades for $15 million

A private investor has acquired a 113-unit apartment portfolio in East Orange for nearly $15 million, under a newly announced transaction by Gebroe-Hammer Associates.

Finance & Capital Markets
Progress sources $76 million loan package for Maryland multifamily deals

A locally based investor has secured $76 million in financing for two multifamily acquisitions outside Baltimore, in a transaction arranged by Progress Capital.

Finance & Capital Markets
Kennedy Funding lends $2.5 million to Denver-area homebuilder

Kennedy Funding has closed a nearly $2.5 million loan to the developer of what will be 149 single-family homes at a tract outside Denver, Colorado.

Residential & Mixed Use
Investment manager sells 214-unit apartment property in Bergen County, CBRE says

A buyer has expanded its New Jersey portfolio with the addition of a 214-unit luxury apartment complex in Westwood, in a newly announced deal by CBRE.

Residential & Mixed Use
Developer marks opening of new Gold Coast condo building in North Bergen

A joint venture has unveiled a collection of 70 upscale condominiums in North Bergen, touting a location along the Hudson River and easy access to a host of neighborhood amenities.

Residential & Mixed Use
Developer launches leasing at 240-unit luxury rental project in Park Ridge

A new luxury apartment building in downtown Park Ridge has hit the market, having already rented more than a quarter of its 240 units.

Residential & Mixed Use
KRE Group unveils next phase of landmark project, as momentum builds in historic Jersey City neighborhood

Kushner Real Estate Group and National Real Estate Advisors have opened the second of three towers at their Journal Squared project in Jersey City, having leased more than 50 percent of its 704 luxury apartments amid the ongoing revival of a historic neighborhood.

Finance & Capital Markets
Developers land $94 million financing package for revival of iconic Paterson stadium

A development team has closed on more than $90 million in financing for a project that centers on restoring Paterson’s historic Hinchcliffe Stadium.

Finance & Capital Markets
Marcus inks $17 million loan for Linden multifamily, retail project

The developer of a 113-unit apartment building in Linden has secured more than $17 million in financing, in a newly announced deal by Marcus & Millichap Capital Corp.