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
Ripco named retail leasing agent at two upscale Hoboken apartment buildings

The owner of two luxury apartment buildings in western Hoboken has tapped Ripco Real Estate as its leasing agent for a series of street-level retail spaces at the properties.

Finance & Capital Markets
Nexus Properties secures $73 million permanent loan for new 472-unit apartment complex

Development firm Nexus Properties has landed $73 million in financing for a new 472-unit multifamily property in Camden County, brokers with M&T Realty Capital Corp. announced.

Residential & Mixed Use
Kislak: Plainfield apartment owner sells updated 20-unit property

An apartment owner has sold a 20-unit property in Plainfield after completing a series of updates during nearly a decade of ownership, according to brokers with The Kislak Co. Inc.

Residential & Mixed Use
Jersey City apartments trade for $4.5 million, in one of four new deals by B6 Real Estate

An investment group has acquired a 25-unit apartment building in Jersey City’s West Bergen neighborhood, in one of several recent deals by B6 Real Estate Advisors.

Finance & Capital Markets
G.S. Wilcox sources $52 million loan for Tulfra, Hampshire apartments in North Haledon

The developers of a new 180-unit luxury apartment property in North Haledon has secured $52 million in financing, under a deal arranged by G.S. Wilcox & Co.

Residential & Mixed Use
Diversified buys Wharton parcel approved for 60-unit multifamily project, NAI Hanson says

Diversified Properties has acquired the site of what’s slated to become a new 60-unit luxury multifamily property in Morris County, brokers with NAI James E. Hanson announced.

Residential & Mixed Use
Newly built, 629-unit Jersey City rental property leases up in six months

A developer has leased up nearly 630 units at a new luxury apartment building in Jersey City’s West Side neighborhood, achieving the milestone in less than six months.

Deals
Kislak inks sale of 78 apartments in Pennsylvania, in deals totaling $8.2 million

The Kislak Co. Inc. has completed three new deals in Central Pennsylvania, arranging the sale of 78 apartments for a combined $8.2 million.

Residential & Mixed Use
Two-building, 36-unit Rahway apartment portfolio sells for $8 million, Berkadia says

A private partnership has sold a two-building, 36-unit apartment portfolio in downtown Rahway for $8 million, in a recent deal by Berkadia’s New Jersey office.

Residential & Mixed Use
Gebroe-Hammer: 57-unit Collingswood rental portfolio sold for $9.4 million

A private investor has purchased a 57-unit apartment portfolio in Collingswood for $9.4 million, in a newly announced transaction by Gebroe-Hammer Associates.