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
Veteran multifamily executive Penn kicks off two-year term as NJAA president

The New Jersey Apartment Association has elected a long-serving member and longtime property management executive in the state as its newest board president.

Deals
Investor flips Burlington County mobile home park, Vantage Commercial says

An investor has sold a mobile home park in the Burlington County township of Hainesport, in a newly announced deal by Vantage Commercial.

Professional Services
MacKenzie, Apfel promoted to first vice president with CBRE investment sales team

CBRE has promoted two members of its investment sales team in the region, touting their role in growing the firm’s pipeline of multifamily deals.

Finance & Capital Markets
Procida’s 100 Mile Fund achieves 2022 net income of $11.6 million, 9.5 percent return

The long-running 100 Mile Fund managed by Procida Funding LLC achieved net income in 2022 of $11.6 million, the firm announced, representing a net return to investors of 9.5 percent.

Residential & Mixed Use
Developer secures site plan approval for 150-unit rental project in New Brunswick

A developer has secured a key entitlement for a proposed 150-unit luxury apartment building in the heart of Rutgers University’s campus in downtown New Brunswick.

Residential & Mixed Use
Hampshire details plans, timeline for 70-unit rental project in Allendale

The Hampshire Cos. has unveiled plans for a new 70-unit apartment building in the Bergen County borough of Allendale.

People
Bazzani joins JDA Group as development, investment manager

JDA Group LLC has named a new development and investment manager, hiring a former member of Duke Realty Corp.’s New Jersey team to help support its growth.

Residential & Mixed Use
First renters set to arrive at Walters’ new 150-unit senior housing project in Branchburg

Walters is set to welcome the first residents to a new development that will bring 150 units of age-restricted housing to Branchburg, the developer announced Monday.

Top News
Senlac rebrands as GreenBarn Investment Group, adds Schonbraun as managing partner

The Morristown-based firm known as Senlac Ridge Partners is now GreenBarn Investment Group, while it has added a commercial real estate industry veteran as a managing partner.

Residential & Mixed Use
Team behind Hoboken’s ‘Wonder Lofts’ opens new ground-up condo building

A development team has unveiled a new condominium building across from Hoboken’s Wonder Lofts, a historic industrial building that’s now home to dozens of upscale residences.