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.

Retail
Renaissance Properties adds three tenants at Burlington County town center project

Three new retail tenants are coming to Renaissance Properties’ mixed-use, downtown-style development in the Burlington County township of Chesterfield.

Finance & Capital Markets
AST Financial, Summit Capital tout $51 million in homebuilder loans year to date

Lending platforms AST Financial and Summit Capital Partners have closed more than $51 million in construction financing year to date in 2022, the firms announced Tuesday.

Residential & Mixed Use
Accurate hits milestone, leases 200 units at new Linden rental property

Renters have leased more than 85 percent of a new 234-unit luxury apartment property in downtown Linden, development firm Accurate announced this week.

Finance & Capital Markets
JLL: Developer secures $19 million loan for new 60-unit Weehawken rental building

A private developer has landed $19 million in financing for a new 60-unit apartment building in Weehawken, under a deal arranged by JLL.

Residential & Mixed Use
Plainfield: Proposal for 55 rentals moving ahead after recent planning board vote

Plans for another new apartment building in Plainfield are proceeding after recently securing a key approval from the city’s planning board, the project’s design team said.

Office
Veris Residential to sell Holmdel office building, Jersey City hotel for $132 million

Veris Residential Inc. has agreed to sell a Holmdel office building and a hotel in Jersey City for a combined $132 million, as it continues to shed assets outside the multifamily sector.

Residential & Mixed Use
Developer unveils boutique rental building in Franklin Lakes

A developer has launched leasing at a new boutique apartment building in Bergen County, offering a mix of high-end amenities in what it touts as an upscale suburban setting.

Residential & Mixed Use
Kokes sells new Connecticut rental property, eyes continued growth in New Jersey

Kokes Properties has closed on its sale of a newly built, 41-unit apartment building in Connecticut, with plans to double down on its growing portfolio at home in New Jersey.

Residential & Mixed Use
Skylight affiliates sell Hoboken multifamily portfolio for $13.2 million, Kislak says

An investment group has sold a three-building, 21-unit multifamily portfolio in Hoboken for $13.2 million, according to a brokerage team with The Kislak Co. Inc.

Residential & Mixed Use
Wonder Lofts opens new on-site sales office, model homes as first buyers move in

The team behind the newly restored Wonder Lofts property in Hoboken has officially opened the collection of upscale condominiums with its debut of an on-site sales office.