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
BNE’s Station Bay in South Amboy more than 50 percent leased, developer says

Leasing has surged at a new 291-unit apartment complex that opened earlier this year along the Raritan Bay in South Amboy, developer BNE Real Estate Group announced this week.

Residential & Mixed Use
Kushner begins tear-down of East Hanover office building, eyeing 265 luxury apartments

Kushner has started its demolition of another aging suburban office building, this time in East Hanover, paving the way for what will be a new 265-unit luxury apartment complex.

Sponsored Content
What’s in store for New Jersey’s commercial real estate market in 2022?

Over the course of the pandemic, commercial real estate has experienced notable highs and lows. The current market has rebounded vigorously and now exceeds pre-pandemic levels. To learn what’s in store in 2022, we sat down with Cushman & Wakefield’s powerhouse New Jersey Capital Markets team. Founded by Andy Merin in 1987, the team has been involved in more than $34 billion in property sales throughout its tenure.

Residential & Mixed Use
Gebroe-Hammer inks sale of 83 apartments in Paterson, in deals totaling $12.4 million

An apartment owner has sold 83 units in Paterson for a combined $12.36 million, in a series of newly announced transactions by Gebroe-Hammer Associates.

Residential & Mixed Use
Construction nearly complete at 250-unit Newark Urby project

Developers are nearing completion of a project that will bring another 250 apartments to downtown Newark, in what will be the latest piece of a growing residential brand.

Professional Services
Gilbane taps Cornick as vice president, New Jersey business unit leader

Gilbane Building Co. has named a new head of its New Jersey office, promoting a longtime team member to the role of vice president and business unit leader in the state.

Residential & Mixed Use
Six-building, 132-unit Monmouth apartment complex fetches $29 million, Kislak says

An investor has purchased a 132-unit apartment complex in Keyport for $29 million, under a deal arranged by The Kislak Co. Inc.

Residential & Mixed Use
New 296-unit Garwood rental property more than 50 percent leased, Russo says

Renters have leased more than 50 percent of a new 296-unit luxury apartment property in Garwood, one of the latest pieces of Russo Development’s vast multifamily platform.

Residential & Mixed Use
Somerset County apartment, retail building trades for $4.1 million, Deluccia says

An apartment and retail building in Somerset County has changed hands for more than $4.1 million, in a newly announced deal by Deluccia Commercial Group.

Residential & Mixed Use
Kushner set to begin 307-unit senior housing building, in reuse of Fair Lawn office parcel

More than 300 new apartments are coming to the Bergen County borough of Fair Lawn, where Kushner is redeveloping the site of a vacant office building near Route 208.