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.

Retail
NAI Hanson: Bubble tea chain inks first retail lease at Hackensack apartment building

Bubble tea chain Gong Cha has leased 1,050 square feet of retail space at the base of a newly renovated building in Hackensack, according to NAI James E. Hanson.

Residential & Mixed Use
Developers, city officials hail completion of 114-unit rental property in Jersey City

Developers gathered in Jersey City recently to mark the ongoing resurgence of the historic Bergen-Lafayette neighborhood, the site of a new 114-unit luxury apartment building that the firms delivered earlier this year.

Government & Public Policy
Hoboken approves redevelopment agreement with LCOR for high-profile terminal project

The long-awaited plan to improve Hoboken Terminal and build new apartments, office space and public amenities nearby took a key step forward this week with the city’s approval of a redevelopment agreement with LCOR, the firm that is spearheading the project.

Residential & Mixed Use
Marcus inks sale of 15-unit Union City apartment building for $4.8 million

A seller has reaped nearly $5 million in the trade of a 15-unit apartment building in Union City, in a deal arranged by Marcus & Millichap.

Residential & Mixed Use
Gebroe-Hammer inks sale of Philadelphia apartments, rounding out $93 million in deals

The longtime owner of a 44-unit apartment complex in Philadelphia has sold the asset, in the newest of several recent deals in the city by Gebroe-Hammer Associates.

Residential & Mixed Use
Fort Lee apartment high-rise sells for $52 million

An investment firm has acquired a 128-unit apartment tower in Fort Lee for nearly $52 million, brokers with Cushman & Wakefield announced Tuesday.

Residential & Mixed Use
PREIT inks sale of Moorestown Mall parcel slated for 375 apartments

Moorestown Mall owner PREIT has completed its sale of two key parcels at the site, including one that’s slated for 375 apartments as part of an ongoing redevelopment plan.

People
Woodmont makes five new hires to support growing portfolio, development pipeline

Woodmont Properties has announced five new hires across its multifamily development, industrial, legal and marketing teams.

Residential & Mixed Use
Kislak: 21-unit Journal Square apartment building trades for $3.9 million

An investor has purchased a 21-unit apartment building in Jersey City’s resurgent Journal Square neighborhood, according to a broker with The Kislak Co. Inc.

Residential & Mixed Use
Zoning board OKs 14-unit condo project in historic Newark district

Newark’s zoning board has approved plans for a new 14-unit condominium building some two blocks south of Interstate 280 and NJ Transit’s Broad Street station.