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.

Irvington: Two-building, 45-unit rental property sells for $6 million, Kislak says

A private investor has purchased a two-building, 45-unit apartment property in Irvington for $6 million, The Kislak Co. Inc. announced Monday.

Kokes begins construction on newest rental building at The Mill at Riverside

Kokes Properties has broken ground on another 40 apartments as part of an ongoing redevelopment project near an NJ Transit light rail stop in Burlington County.

Kushner, Fulop join to break ground on long-awaited One Journal Square project

Slated for completion in 2026, One Journal Square will comprise two 64-story glass towers housing 1,723 residential units, 45,000 square feet of upscale amenities and 40,000 square feet of ground-floor retail space. — Courtesy: Kushner By Joshua Burd Construction is…

NAIOP gala honors top real estate players and projects, as honorees tout chapter’s role

NAIOP New Jersey’s annual gala drew a registered crowd of more than 800, in an event that celebrated the state’s commercial real estate sector and the association that guides it.

Four-building, 96-unit apartment portfolio in East Orange trades for $15.6 million

A private investor has purchased a four-building, 96-unit apartment portfolio in East Orange for $15.6 million, in a newly announced transaction by Hudson Atlantic Realty.

Revival of Parsippany site underway as office buildings come down, with rentals soon to come

The transformation of a sprawling suburban office park in Parsippany is now on full display, as a development team continues its teardown of several aging buildings while marking the start of construction for 275 new apartments at the site.

Larken Associates names new regional property manager for New Jersey portfolio

Larken Associates has hired Jasmin Robertson as a regional property manager for New Jersey.

Gebroe-Hammer inks $14.5 million sale of Summit apartments, completing 1031 exchange

A private investor has sold a 53-unit garden apartment complex in Summit for $14.5 million, in a newly announced transaction by Gebroe-Hammer Associates.

Irvington apartments sold for first time in 40 years, trading for $4.2 million, Marcus says

The longtime owner of a 33-unit apartment building in Irvington has sold the property for more than $4 million, in a newly announced deal by Marcus & Millichap.

New 33-story tower in Newark by Boraie, Shaq on track for spring 2023 delivery

Boraie Development has reached a key milestone in its construction of a 370-unit apartment tower in downtown Newark, with plans to debut the building next spring under its latest partnership with city native and basketball legend Shaquille O’Neal.