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
Gebroe-Hammer promotes Gehler, Philly and South Jersey metro specialist, to vice president

Gebroe-Hammer Associates has expanded its management team with the promotion of a key multifamily broker in the southern New Jersey and greater Philadelphia market.

Residential & Mixed Use
Accurate’s pipeline is surging, with an aggressive (but long-term) approach to development

Accurate has been prolific in building and lining up new multifamily development projects across New Jersey, having completed some 1,000 residential units since 2021 alone. It now has construction underway, approvals in place or sites under control to build another roughly 6,400 apartments and townhomes, including some 4,000 in Newark, with more to come.

People
Woodmont bolsters construction team ahead of 300-unit Hopewell rental project

Woodmont Properties has made two additions to its construction team as it moves ahead with new developments, including a planned 300-unit multifamily property in Mercer County.

Government & Public Policy
Murphy calls for five-year phaseout of liquor license cap, tax credit for existing holders

Gov. Phil Murphy has revealed new details of a proposal to update the state’s decades-old liquor licensing program, seeking to balance new economic growth with the interests of existing operators.

Residential & Mixed Use
Veris Residential adds Madison International, Bozzuto execs as directors

Veris Residential Inc. has tapped top executives with Madison International Realty and Bozzuto Management Co. as its newest independent directors.

Residential & Mixed Use
BNE hires new director of acquisitions, eyeing continued growth in tristate region

BNE Real Estate Group has named a new director of acquisitions, as the family-owned firm looks to build its development pipeline in the tristate area.

Residential & Mixed Use
Prism debuts two new apartment buildings at 252-unit Dunellen project

Prism Capital Partners has completed two additional buildings at a luxury residential development across from the Dunellen train station.

Hospitality & Tourism
Veris sells Port Imperial hotels for $97 million, completing exit from hospitality sector

Veris Residential Inc. has completed its exit from the hotel business after selling two Weehawken properties for a combined $97 million, the company announced this week.

Retail
Cervelli marketing 2,900 sq. ft. restaurant, retail space at new Jersey City building

A developer has hired Cervelli Real Estate as its leasing agent for a soon-to-be-complete restaurant and retail space in Jersey City’s McGinley Square neighborhood.

Editor’s Note
Growth story

As you’ll read in this month’s cover story, Accurate has been prolific in filling its development pipeline, moving decisively to secure new projects in the state and elsewhere. It now has construction underway, approvals in place or sites under control to build another roughly 6,400 apartments and townhomes, including more than 4,000 units in Newark, where it’s leading the sweeping redevelopment of the former Riverfront Stadium property.