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
Veris sells 197-unit Morris Plains rental property for $85 million, in deal arranged by CBRE

Veris Residential Inc. has sold a 197-unit luxury apartment building in Morris Plains, fetching $85 million for an asset that helped revitalize a former aging suburban office property.

Residential & Mixed Use
Saxum eyes groundbreaking for 106-unit townhome community near Raleigh, North Carolina

Saxum Real Estate has closed on the site of a planned 106-unit townhome community in a fast-growing town just outside Raleigh, North Carolina.

Top News
Jeffrey Wiener, former Kislak president and leading N.J. multifamily broker, dies at 75

Jeffrey Wiener, a revered, highly successful broker who spent nearly five decades with The Kislak Co. Inc., including 17 years as its president, has died after a long illness. He was 75.

Finance & Capital Markets
Cannon Hill, Hampshire land $20 million refi for 82-unit Hackensack rental project

Cannon Hill Capital Partners and The Hampshire Cos. have closed on a $20.1 million refinance for a luxury apartment building in Hackensack, brokers with Cushman & Wakefield announced.

Finance & Capital Markets
Luxury senior housing project in Nutley scores $29 million construction loan, JLL says

A developer has secured a nearly $30 million construction loan for an 85-unit, age-restricted residential project in Nutley, brokers with JLL announced Thursday.

Residential & Mixed Use
Kislak: West Long Branch parcel slated for high-end homes fetches $5.8 million

A development site that could bring new multimillion-dollar homes to West Long Branch has changed hands for $5.8 million, brokers with The Kislak Co. Inc. announced Wednesday.

Top News
Prism lands approvals for long-awaited housing phase at ON3, among other major projects

Prism Capital Partners has secured three key approvals for its flagship ON3 campus in Clifton and Nutley, paving the way for new phases including a long-awaited residential component with nearly 1,100 multifamily units, along with a major research and development facility.

Finance & Capital Markets
Cronheim: Buyer scores $28 million loan for 120-unit rental property near Hackettstown

The new owner of a 120-unit luxury apartment complex in Warren County has secured nearly $28 million in acquisition financing, in a deal arranged by Cronheim Mortgage.

Residential & Mixed Use
Ocean County mobile home park trades for $2.3 million, Kislak says

An investor has acquired a mobile home community in the Ocean County township of Manchester for $2.3 million, in a newly announced deal by The Kislak Co. Inc.

Residential & Mixed Use
Cervelli lists 20-unit apartment building in West New York

A four-story, 20-unit apartment building in West New York is on the market for sale, in a newly announced offering by Cervelli Real Estate and Property Management.