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
Kennedy Funding closes $2.5 million land loan for 63-acre St. Thomas portfolio

Kennedy Funding, the Englewood-based direct private lender, has closed a $2.5 million cash-out refinancing loan to the owner of some 63 acres of property on the Caribbean island of Nevis.

Residential & Mixed Use
Russo sells 111-unit loft-style rental property in Verona for $56 million, CBRE says

Russo Development has sold a 111-unit multifamily property in Verona that it completed as part of an adaptive reuse of a historic factory building, in a deal arranged by CBRE.

Retail
Electronics repair, cell phone retailer expands to Jersey City with new lease, Cervelli says

An electronics repair and cell phone business has leased 1,700 square feet of retail space in Jersey City, in a deal arranged by Cervelli Real Estate & Property Management.

Finance & Capital Markets
URSA, Fields Grade ink $150 million loan for 336-unit Jersey City project, BlueGate says

A joint venture has secured $150 million in permanent financing for a new 336-unit multifamily property in Jersey City, in a newly announced deal by BlueGate Partners.

Finance & Capital Markets
CBRE: Kontos Group snags $18 million bridge loan for new 57-unit Roselle Park rental project

A developer has landed $18 million in bridge financing for a new 57-unit luxury apartment building in Roselle Park, according to a debt placement team with CBRE.

Residential & Mixed Use
Marcus inks sales of Hoboken retail, residential properties in deals totaling $5.8 million

Two mixed-use buildings in Hoboken have changed hands in separate deals, fetching a combined $5.8 million in transactions arranged by Marcus & Millichap.

Events
ULI NNJ Excellence Awards set for April 16, with nomination deadline fast approaching

The Urban Land Institute Northern New Jersey is accepting nominations for its 2026 Excellence Awards, an event that will honor and bring together some of the region’s top developers, owners, designers, public-sector leaders and professional services firms.

Residential & Mixed Use
Landmark reaps $90 million in sale of 540-unit Union County rental portfolio, Kislak says

Landmark Cos. has sold a 10-property, 540-unit apartment portfolio in Union County for $90 million, in a newly announced deal by The Kislak Co. Inc.

People
Rockefeller Group hires Noorigian as senior vice president, chief people officer

Rockefeller Group has welcomed Greg Noorigian, a veteran of talent acquisition and general human resources practices, as its new senior vice president and chief people officer.

Residential & Mixed Use
Larken launches preleasing at new 420-unit Lehigh Valley rental property

Larken Associates is offering its first look at a new 420-unit luxury apartment property in the Lehigh Valley and less than five miles from New Jersey’s western border.