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
C&W: Owner of The Beacon in Jersey City seeking up to $325 million in refinancing

The owner of a landmark 1,155-unit residential complex in Jersey City is seeking to refinance the property for up to $325 million, brokers with Cushman & Wakefield announced.

Residential & Mixed Use
Indoor amenities open at new Adoni Property Group rental building in Franklin Lakes

Adoni Property Group has unveiled the full slate of indoor amenities at its new 44-unit luxury apartment building in Franklin Lakes.

Residential & Mixed Use
Metropolitan America sells 160 apartments in Trenton for $21 million, CBRE says

An apartment owner has sold a combined 160 units in Trenton for a total of $20.5 million, in a set of newly announced transactions by CBRE.

Residential & Mixed Use
Reynolds sells new 63-unit Bound Brook apartment building for $22 million

Reynolds Asset Management has sold a newly completed, 63-unit apartment building in Bound Brook for $22 million, in a deal arranged by The Kislak Co. Inc.

Finance & Capital Markets
JLL: Developers land $58 million permanent loan for new 220-unit Englewood property

A joint venture has snagged nearly $58 million in permanent financing for a newly built, 220-unit apartment property in downtown Englewood, brokers with JLL announced.

Residential & Mixed Use
Investor buys 46-unit Cranford apartment complex for $14.7 million, Hudson Atlantic says

Hudson Atlantic Realty has brokered the trade of a 46-unit garden apartment complex in Cranford, achieving a price of more than $318,000 per unit for the 1940s property.

Residential & Mixed Use
Gebroe-Hammer inks $5.4 million sale of 33-unit Passaic apartment building

A private investor has acquired a 33-unit apartment building in Passaic for $5.35 million, in a newly announced transaction by Gebroe-Hammer Associates.

Finance & Capital Markets
Newark, Irvington apartment owner refis for $39 million, Greystone says

The owner of a 287-unit apartment portfolio in Essex County has refinanced for more than $39 million, Greystone said, securing the debt under Freddie Mac’s Small Balance Loans program.

Residential & Mixed Use
KRE, National break ground on 360-unit apartment tower in key Philadelphia district

Construction is underway on a new apartment tower that marks Kushner Real Estate Group’s entrance to Philadelphia, with plans to connect two well-known neighborhoods in the city.

Residential & Mixed Use
NAI Hanson: Vernon senior housing plan moves forward after sale of development parcels

A developer has acquired several parcels in Sussex County with approvals in place to build a new 55-unit senior housing community, in a deal arranged by NAI James E. Hanson.