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
Larken eyes mid-2023 groundbreaking for new 120-unit Warren County multifamily project

Larken Associates has received local approvals to build 120 new apartments in Pohatcong, as it looks to add to its multifamily portfolio in Warren County and across the region.

Residential & Mixed Use
Developer lands $10 million construction loan for 44-unit Jersey City rental project

The developer of 44 new luxury apartments in Jersey City’s West Side neighborhood has secured nearly $10 million in construction financing, brokers with JLL announced.

Professional Services
Veteran broker joins Sheldon Gross as V.P. for multifamily sales, redevelopment

Sheldon Gross Realty has named a new vice president for multifamily investment sales and redevelopment, the West Orange-based firm announced.

Residential & Mixed Use
Russo details start of 297-unit rental project at Newark’s Broad Street station

Russo Development has broken ground in Newark on a project that will bring nearly 300 apartments to a site just north of Interstate 280 and NJ Transit’s Broad Street station.

Retail
Renaissance Properties adds three tenants at Burlington County town center project

Three new retail tenants are coming to Renaissance Properties’ mixed-use, downtown-style development in the Burlington County township of Chesterfield.

Finance & Capital Markets
AST Financial, Summit Capital tout $51 million in homebuilder loans year to date

Lending platforms AST Financial and Summit Capital Partners have closed more than $51 million in construction financing year to date in 2022, the firms announced Tuesday.

Residential & Mixed Use
Accurate hits milestone, leases 200 units at new Linden rental property

Renters have leased more than 85 percent of a new 234-unit luxury apartment property in downtown Linden, development firm Accurate announced this week.

Finance & Capital Markets
JLL: Developer secures $19 million loan for new 60-unit Weehawken rental building

A private developer has landed $19 million in financing for a new 60-unit apartment building in Weehawken, under a deal arranged by JLL.

Residential & Mixed Use
Plainfield: Proposal for 55 rentals moving ahead after recent planning board vote

Plans for another new apartment building in Plainfield are proceeding after recently securing a key approval from the city’s planning board, the project’s design team said.

Office
Veris Residential to sell Holmdel office building, Jersey City hotel for $132 million

Veris Residential Inc. has agreed to sell a Holmdel office building and a hotel in Jersey City for a combined $132 million, as it continues to shed assets outside the multifamily sector.