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
Construction underway for 357 luxury apartments in Plainfield

A developer has broken ground on what will be nearly 360 apartments in downtown Plainfield, in a project valued at more than $100 million that is among the city’s largest to date.

Finance & Capital Markets
Developers ink $97 million construction loan for 336-unit rental project in Jersey City

A joint venture has locked in nearly $97 million in financing to build a new 336-unit luxury apartment building in Jersey City, in a deal arranged by BlueGate Partners LLC.

People
Continental adds former top Weichert executive to lead development pipeline

Continental Properties has tapped a former longtime Weichert executive to help guide and grow its development pipeline in the region.

Residential & Mixed Use
PEEK Properties eyes launch of leasing at new 50-unit apartment building in Orange

PEEK Properties has all but completed the first of three new apartment buildings in Orange, bringing 50 units to market as it looks ahead to the remaining phases.

Residential & Mixed Use
Jersey City condo tower posts 40 sales in 2022 amid 16 weeks of closings

The developer of a 79-story condominium tower in Jersey City has recorded dozens of sales thus far in 2022, maintaining a pace that has led to 275 closings since the building’s 2019 debut.

Residential & Mixed Use
Reynolds marks start of construction at 103-unit apartment building in Orange

Reynolds Asset Management has broken ground in Orange on a project that will bring 103 new apartments to a site just west of the city’s Highland Avenue train station.

Finance & Capital Markets
Parsippany developer lands $91 million construction loan, breaks ground on 275 rentals

A developer has secured $91 million in construction financing for 275 apartments in Parsippany, helping to kick off the transformation of a former suburban office park.

Residential & Mixed Use
Longtime owner sells Orange County apartments for $11 million, Kislak says

A family ownership group has sold a 77-unit apartment complex in New York’s Orange County for nearly $11 million, in a newly announced deal by The Kislak Co. Inc.

Editor’s Note
Shifting gears

Camden city officials are now focusing on quality-of-life improvements that they feel will help draw new residents, following decades of population declines and years of corporate and institutional projects spurred by lucrative, often-controversial tax breaks from the state,

Residential & Mixed Use
J.G. Petrucci adds senior housing industry veteran as managing director

J.G. Petrucci Co. Inc. has named a new managing director of senior housing as it looks to grow its footprint in the niche asset class.