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
Developer, city officials detail additional plans for Newark stadium redevelopment

A developer and Newark city officials are offering new details about a plan to revitalize a former stadium property, including a focus on affordable housing and the use of union labor.

People
Kokes Properties announces promotion of longtime employee to controller

A longtime employee of Kokes Properties and its predecessor businesses has earned a promotion to the position of controller.

Residential & Mixed Use
Liberty Science Center names developer for 400 apartments at ‘SciTech Scity’ project

The Liberty Science Center in Jersey City has tapped a New York-based developer to build 400 apartments on an adjacent property, with plans to market the units to entrepreneurs, teachers, students and others as part of a sweeping innovation campus alongside the facility.

People
Diversified Properties names vice president of land development

A veteran engineer and development executive has joined Diversified Properties, in a move that bolsters the in-house team of the Montville-based commercial real estate firm.

Residential & Mixed Use
Developer touts continued interest at 79-story condo tower in Jersey City

The developer of a new 79-story condominium building in Jersey City is approaching 200 closings, as it rides continued momentum during the spring selling season.

Office
The S.Hekemian Group unveils new office building at ex-Mercedes site in Montvale

The S.Hekemian Group has opened the doors to a new office building in Montvale, part of a mixed-use redevelopment of the former Mercedes-Benz USA campus in the borough.

Residential & Mixed Use
JLL marketing 312-unit luxury apartment complex outside Princeton

A sprawling complex of more than 300 luxury apartments in Lawrenceville is on the market for sale, in an offering by JLL’s New Jersey capital markets team.

Finance & Capital Markets
Investors Bank completes $556 million in Q1 commercial real estate loans

The owner of a 132-unit luxury apartment building in Jersey City has refinanced for $45 million, in one of several recently announced loans by Investors Bank.

Residential & Mixed Use
Gebroe-Hammer touts spring momentum, inking $269 million in recent multifamily sales

Gebroe-Hammer Associates is riding continued investor appetite for New Jersey’s multifamily sector, having completed 21 deals for a combined $269 million in the past two months alone.

Residential & Mixed Use
ACDEVCO, stakeholders plan May 25 event on jump-starting Atlantic City housing market

Business leaders are hoping to shine a light on Atlantic City’s available housing stock — and the incentives for would-be buyers — in a free event slated to take place this week.