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
C&W: Developers land $147 million construction loan for Parsippany redevelopment project

A development team has secured nearly $147 million in construction financing for a project that will bring some 500 new apartments and retail space to Parsippany, revitalizing the former site of a defunct office complex on Route 10.

Residential & Mixed Use
Sale of 150-unit Central Jersey rental complex caps $1.47 billion year for Gebroe-Hammer

A garden-style apartment complex with more than 150 units has changed hands in central New Jersey, in a deal arranged by Gebroe-Hammer Associates, capping a year in which the firm brokered nearly $1.5 billion in multifamily investment sales.

Residential & Mixed Use
Hackensack apartment building trades for $5 million, Cervelli says

Investors have purchased a 28-unit apartment building in Hackensack for $5 million, in a newly announced transaction by Cervelli Real Estate and Property Management.

Residential & Mixed Use
Diversified buys 10 acres in Jefferson slated for new upscale apartments

Diversified Properties has acquired nearly 10 acres in Morris County where it now plans to build 32 new apartments as the first piece of a multiphase redevelopment.

Residential & Mixed Use
Adaptive reuse project in Princeton brings housing, retail to former Nelson Glass property

A plan to bring new apartments and retail space to the site of a historic business in Princeton is now complete, according to a team with Joshua Zinder Architecture + Design.

Residential & Mixed Use
Veerman: New York investor sells 211-unit Hudson County rental portfolio for $70 million

An investment firm has sold a five-building, 211-unit apartment portfolio in Hudson County for more than $70 million, in a newly announced deal by Veerman Asset Management.

Residential & Mixed Use
Cervelli tapped to manage eight-building, 131-unit rental portfolio in Hudson, Bergen

The owners of 131 apartments in Hudson and Bergen counties has hired Cervelli Real Estate & Property Management to oversee the eight-building portfolio.

Residential & Mixed Use
Fields Grade, Alpine top out 169-unit multifamily tower in Jersey City

Developers have completed vertical construction of what will become the tallest building in Jersey City’s burgeoning Bergen-Lafayette neighborhood near Liberty State Park.

Professional Services
DeSimone Consulting acquires Dowco global detailing, BIM services business

A global engineering firm with several key projects in New Jersey is set to expand its platform as part of an acquisition announced earlier this month.

Residential & Mixed Use
Marcus New Jersey team helps broker sale of 57-unit rental complex in Raleigh

A private investor has sold a 57-unit apartment complex in Raleigh, North Carolina, for nearly $10 million, according to a broker in Marcus & Millichap’s New Jersey office.