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
Developer lands $48 million loan package for next phase of Elmwood Park project, JLL says

The developer of a two-building, 240-unit luxury apartment complex in Elmwood Park has secured $48 million in financing, according to a debt placement team with JLL.

Events
Jersey City Summit announces three-day virtual event with Murphy, Fulop among speakers

Gov. Phil Murphy and Jersey City Mayor Steven Fulop will once again headline The Jersey City Summit for Real Estate Investment, a popular conference that’s slated to take place this year in virtual form and spotlight the community’s still-surging development pipeline.

Professional Services
March Associates announces new hires in project management, estimating

March Associates Construction Inc. has announced four new additions to its project management and estimating teams.

Residential & Mixed Use
Baltimore developer touts capital infusion, eyes summer delivery for first New Jersey project

A developer is detailing plans for a new luxury apartment project in Belleville, as it touts a $200 million capital infusion to expand into New Jersey and throughout the East Coast.

Government & Public Policy
EDA to accept applications for reopened residential ERG program starting June 1

Residential builders seeking tax credits under the state’s relaunched Economic Redevelopment and Growth program can apply for the subsidy starting June 1, officials announced Tuesday.

Residential & Mixed Use
Kokes Properties welcomes community manager for Riverside project

Kokes Properties has announced the hiring of a new community manager as part of the team for a 190-unit residential project under construction in Burlington County.

Finance & Capital Markets
Accurate Builders, MRC ink $395 million loan for Newark stadium site, other multifamily assets

A developer has secured a $395 million loan for a portfolio of multifamily assets, including the former Newark Bears stadium site where plans now call for 4,200 residential units.

Residential & Mixed Use
LeFrak launches leasing at two-building, 336-unit property in Jersey City

The LeFrak Organization has unveiled the latest piece of its iconic Newport neighborhood in Jersey City, announcing the launch of leasing at a new 336-unit luxury apartment complex.

Residential & Mixed Use
Newly built Fort Lee rental tower sells for $55 million, Kislak says

The developer of a new 142-unit apartment tower in Fort Lee has sold the property for more than $55 million, under a transaction arranged by The Kislak Co. Inc.

Residential & Mixed Use
Onyx unveils 60-unit luxury apartment building in downtown Ridgewood

Onyx Equities has opened the doors to a collection of 60 upscale apartments adjacent to the Ridgewood train station, the developer announced Thursday.