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
G.S. Wilcox sources $52 million loan for Tulfra, Hampshire apartments in North Haledon

The developers of a new 180-unit luxury apartment property in North Haledon has secured $52 million in financing, under a deal arranged by G.S. Wilcox & Co.

Residential & Mixed Use
Diversified buys Wharton parcel approved for 60-unit multifamily project, NAI Hanson says

Diversified Properties has acquired the site of what’s slated to become a new 60-unit luxury multifamily property in Morris County, brokers with NAI James E. Hanson announced.

Residential & Mixed Use
Newly built, 629-unit Jersey City rental property leases up in six months

A developer has leased up nearly 630 units at a new luxury apartment building in Jersey City’s West Side neighborhood, achieving the milestone in less than six months.

Deals
Kislak inks sale of 78 apartments in Pennsylvania, in deals totaling $8.2 million

The Kislak Co. Inc. has completed three new deals in Central Pennsylvania, arranging the sale of 78 apartments for a combined $8.2 million.

Residential & Mixed Use
Two-building, 36-unit Rahway apartment portfolio sells for $8 million, Berkadia says

A private partnership has sold a two-building, 36-unit apartment portfolio in downtown Rahway for $8 million, in a recent deal by Berkadia’s New Jersey office.

Residential & Mixed Use
Gebroe-Hammer: 57-unit Collingswood rental portfolio sold for $9.4 million

A private investor has purchased a 57-unit apartment portfolio in Collingswood for $9.4 million, in a newly announced transaction by Gebroe-Hammer Associates.

Finance & Capital Markets
BNE lands $78 million permanent loan for 291-unit South Amboy rental project, M&T says

BNE Real Estate Group has secured $78 million in permanent financing for a collection of 291 new apartments along the Raritan Bay, in a deal arranged by M&T Realty Capital Corp.

Professional Services
Inside C&W’s ambitious plan to add talent, market share in long-established New Jersey office

Cushman & Wakefield is revamping how it identifies and pursues new business opportunities, all while rethinking its brokers’ approach to serving clients and advancing the long-held goal of creating a one-stop shop for its many disciplines and service lines.

Professional Services
Dresdner Robin touts two newest additions to environmental, urban planning teams

Jersey City-based land use consultancy Dresdner Robin has announced two new hires, as it further bolsters its growing environmental service and urban planning departments.

Residential & Mixed Use
URW taps Mill Creek in plan for 550 rentals, public space at Garden State Plaza

The owner of Westfield Garden State Plaza in Paramus has tapped Mill Creek Residential for a plan to build 550 luxury apartments around the mall, as it looks to create a series of public green spaces and a Main Street to help integrate the newest components.