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.

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.

Finance & Capital Markets
Urby, Panepinto secure $88 million loan for 317-unit Journal Square high-rise, JLL says

A joint venture has landed nearly $90 million in financing for its development of a 317-unit apartment tower in Jersey City, according to a debt placement team with JLL.

Residential & Mixed Use
New housing, retail coming to Newark under $88 million plan at Ballantine Brewery site

A development team has unveiled its plan to bring 280 mixed-income apartments and retail space to a piece of the historic Ballantine Brewery property in Newark.

Retail
Jersey Shore eatery inks 9,500 sq. ft. lease in Marlton, joining RD Management project

A popular Jersey Shore restaurant is expanding to Burlington County after taking more than 9,000 square feet at a new mixed-use development along Route 70.

Residential & Mixed Use
Denholtz sells five of 10 homes at riverfront condo project in Red Bank

Denholtz Properties has sold five of 10 luxury condominiums that the developer is building along the Navesink River in Red Bank.

Residential & Mixed Use
Montclair owner sells 56-unit rental portfolio after 25 years, Hudson Atlantic says

A longtime owner has sold a two-building, 56-unit apartment portfolio in Montclair for $13.5 million, in a deal arranged by Hudson Atlantic Realty.

Residential & Mixed Use
Investor buys 10-building, 324-unit rental portfolio, in $50 million Elizabeth deal

A private investor has purchased a 324-unit apartment portfolio in Elizabeth as part of a newly completed, $50 million transaction, brokers with The Kislak Co. Inc. announced.