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.

Featured
History, legacy in focus as Hanson family marks 100 years in commercial real estate

A century of New Jersey commercial real estate history took center stage last month, as three generations of the Hanson family gathered to mark its 100th anniversary in the industry.

Residential & Mixed Use
Cervelli: Three-building, 36-unit rental property in Jersey City trades for $4.9 million

A longtime owner has sold a three-building, 36-unit apartment property in Jersey City for $4.9 million, in a newly announced deal by Cervelli Real Estate.

Events
Cushman’s Donnelly among honorees slated for NAIOP New Jersey’s 36th annual gala

Veteran office broker Robert Donnelly will receive NAIOP New Jersey’s lifetime achievement award later this year, one of several honorees unveiled Thursday by the commercial real estate association.

Finance & Capital Markets
Wilcox sources $10 million permanent loan for Russo rental property in Union Twp.

Russo Development has secured $10 million in permanent financing for a two-building, 88-unit multifamily property in Union Township, in a transaction arranged by G.S. Wilcox & Co.

Retail
Café, dentist coming to retail space at new Denholtz apartment building in Red Bank

Two new commercial tenants are coming to Denholtz Properties’ recently delivered, ground-up development in Red Bank’s West Side neighborhood, the firm announced Thursday.

Residential & Mixed Use
East Orange development site slated for 113 units sells for $4.15 million

A developer has sold a parcel in East Orange with approvals in place to build 113 market-rate apartments, in a newly announced deal by CBRE.

Residential & Mixed Use
Weiss plans groundbreaking for newly approved, 240-unit rental project in Delran

Weiss Properties has secured local approvals to build 240 new luxury apartments in the Burlington County township of Delran, the firm announced Wednesday.

Residential & Mixed Use
Gebroe-Hammer: Two-building, 94-unit East Orange rental portfolio fetches $12 million

A private investor has purchased two East Orange apartment buildings with a combined 94 units for $11.9 million, according to a brokerage team with Gebroe-Hammer Associates.

Residential & Mixed Use
Kislak inks sale of mixed-use buildings in Asbury Park, Long Branch for $3.6 million

Two mixed-use buildings in Monmouth County have changed hands for a combined $3.6 million, in a set of newly announced deals by The Kislak Co. Inc.

Editor’s Note
Taking the lead

Industrial space may well be the new darling of commercial real estate. Yet, as we’ve seen recently in New Jersey, it’s also now the biggest target for the type of fierce local opposition that was long reserved for apartment builders.