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
Gebroe-Hammer touts $1.3 billion in 2020 multifamily deal volume, despite pandemic

Gebroe-Hammer Associates is hailing the completion of some $1.3 billion in transaction volume in 2020, defying the pandemic and showing the strength of the multifamily sector.

Residential & Mixed Use
Journal Square apartment building with 31 units sells for $4.4 million, CBRE says

The longtime owners of a 31-unit apartment building in Jersey City have sold the property for $4.4 million, in a newly announced transaction by CBRE.

Residential & Mixed Use
Construction underway at 190-unit rental project in Riverside, Kokes says

Kokes Properties has broken ground on the first piece of a 190-unit luxury rental community at the former site of an iconic garment factory in Riverside.

Professional Spotlight
MSW names new counsel in commercial real estate, finance groups

Murphy Schiller & Wilkes LLP has added a veteran attorney to its growing commercial real estate and finance practice groups, the Newark-based firm announced.

Finance & Capital Markets
Joint venture lands $88 million acquisition loan for Somerset apartment deal

A joint venture has secured $88 million in financing for its acquisition of a 384-unit luxury multifamily property in the Somerset section of Franklin, according to JLL.

People
Sommer joins Kushner Cos. as executive VP for development, construction

A veteran development executive has joined Kushner Cos., bolstering its team as the firm continues to grow its pipeline in the region and throughout the East Coast.

Residential & Mixed Use
East Rutherford apartments more than two-thirds leased, developers say

A joint venture has leased more than two-thirds of a new 208-unit luxury rental complex in East Rutherford, citing continued demand for suburban apartments in the midst of the pandemic.

Residential & Mixed Use
East Orange, Irvington apartments change hands for $92.5 million

A joint venture has reaped more than $90 million from the sale of 702 apartments across two dozen buildings in Essex County, according to brokers with Marcus & Millichap.

Residential & Mixed Use
PEEK Properties launches leasing at 39-unit apartment building in East Orange

PEEK Properties has launched leasing at its new 39-unit apartment building in East Orange, the latest addition to an area near the city’s main business district and its Brick Church train station.

Residential & Mixed Use
Joint venture hails latest leasing milestone at Hoboken rental building

Bijou Properties is touting a strong finish to 2020 at its recently developed, 424-unit luxury apartment building in western Hoboken.