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
City leaders hail completion of new affordable housing in Elizabeth

Local officials have unveiled a new 60-unit, two-building development in Elizabeth that will provide housing for dozens of lower-income or formerly homeless residents.

Residential & Mixed Use
Atlantic City apartment tower trades for $17 million, Marcus & Millichap says

The longtime owner of a 266-unit apartment tower in Atlantic City has sold the building for $17 million, in a newly announced transaction by Marcus & Millichap.

Finance & Capital Markets
Developer nabs $26 million loan for Journal Square micro-apartments

The developer of 122 micro-apartments in Jersey City’s Journal Square has secured a $25.5 million loan for the property, according to brokers with JLL.

Residential & Mixed Use
Port Jervis apartments trade for $14 million in 1031 exchange, Kislak says

A private apartment owner has sold a 140-unit complex in New York’s Orange County for $14.25 million, according to a brokerage team with The Kislak Co. Inc.

Residential & Mixed Use
Investors trade 484-unit Newark apartment portfolio for $80 million, Gebroe-Hammer says

A private investment group has sold nearly 500 apartments in Newark’s North Ward for more than $80 million, under a deal arranged by Gebroe-Hammer Associates.

Residential & Mixed Use
Developers unveil 116-unit Secaucus rental project amid strong leasing momentum

Renters are flocking to a revitalized site in northern Secaucus, where three well-known builders have delivered more than 100 new luxury apartments at the edge of the Hackensack River.

Events
Jersey City real estate market continues surge ahead of 7th annual Jersey City Summit

With few signs of slowing down, the still fervent pace of new development in Jersey City has set the stage for a conference next month that’s poised to draw more than 1,000 attendees.

Finance & Capital Markets
Northmarq sources $16 million loan for new East Orange apartments

A developer has secured a $16 million permanent loan for a new 103-unit apartment building in East Orange, in a deal arranged by Northmarq.

Residential & Mixed Use
KRE, Northwestern unveil new Jersey City high-rise after leasing 500 units in five months

Developers marked the opening of a new luxury apartment tower in downtown Jersey City, where renters absorbed more than 500 apartments in just five months, in a sign of the relentless demand that continues to feed the city’s residential market.

Residential & Mixed Use
Jersey City’s Rivet 26 nears full occupancy of residential, retail space

The developers of a new 199-unit luxury apartment building in Jersey City have all but leased up the property and its 10,000 square feet of street-level retail space, the firms announced.