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
Provident, Lakeland to merge in $1.3 billion deal that will fortify CRE lending platforms

Provident Bank and Lakeland Bank are joining forces under a $1.3 billion merger announced Tuesday, bringing together two key lenders in the state’s commercial real estate sector.

People
Diversified Properties taps Leifer as director of acquisitions, development

Diversified Properties has hired a longtime real estate executive as its new director of acquisitions and development, the Montville-based firm announced.

Residential & Mixed Use
Kislak inks sale of 59 apartments in Harrisburg for $5.25 million

The Kislak Co. Inc. has brokered two new multifamily trades in Central Pennsylvania, arranging the sale of 59 units for a combined $5.25 million, the Woodbridge-based firm announced.

Sponsored Content
DMR Architects: You build trust by trusting people
"You build trust by trusting people." — Lloyd Rosenberg, President & CEO That philosophy has allowed DMR Architects to become a top architecture, interior design and professional planning firm, with a practice that is among the industry’s most diverse and…
Finance & Capital Markets
Northmarq inks $9 million refi of 54-unit Hackensack rental building

The owner of a 54-unit apartment building in Hackensack has secured $9 million to refinance the property, in a transaction arranged by Northmarq.

Government & Public Policy
Hudson Bay eyes sweeping redevelopment plan for Lord & Taylor site, downtown Westfield

Hudson’s Bay Co. has unveiled a plan to transform the site of a vacant Lord & Taylor building in downtown Westfield and several adjacent blocks, with a proposal that includes nearly 340,000 square feet of office and retail space and more than 200 residential units.

Professional Services
AST expands platform with launch of residential brokerage model

Real estate firm development and financing firm AST has launched a new brokerage division, marking a new offering for homebuilders and another piece of its growing platform.

Residential & Mixed Use
Investors wanted for iconic Hahne & Co. mixed-use property in Newark, W&D says

The team behind the restoration of the historic Hahne & Co. building in Newark is seeking investors for the property, in a newly announced offering by Walker & Dunlop.

Finance & Capital Markets
JLL: Developer of new 30-unit apartment building in Norwood refis for $10 million

JLL has arranged $10 million in refinancing for a recently completed, 30-unit apartment building in the Bergen County borough of Norwood.

Residential & Mixed Use
Two-year-old, 214-unit apartment building in Dover trades for $75 million, Berkadia says

An investment group has sold a 214-unit luxury apartment building in Dover for $75 million, marking the second trade of the property since late 2020.