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
Kamson acquires 23-unit Morristown apartment building, Kislak says

The Kamson Corp. has expanded its apartment portfolio with the acquisition of a 23-unit building in Morristown, in a transaction arranged by The Kislak Co. Inc.

Residential & Mixed Use
BNE, Sterling launch leasing at next phase of Piscataway rental project

A joint venture has taken the wraps off the second phase of a newly built luxury apartment project in Piscataway.

Residential & Mixed Use
Mack-Cali sells New Brunswick rental property for $47 million

Mack-Cali Realty Corp. has announced the sale of two luxury multifamily properties, including a 200-unit complex in New Brunswick that changed hands for $47 million.

Finance & Capital Markets
Progress Capital inks $22 million loan for new Camden County apartments

The developer of 141 apartments in Camden County has landed nearly $22 million in financing, under a transaction arranged by Progress Capital.

Residential & Mixed Use
Paterson, Passaic rental portfolio trades for $17 million, Gebroe-Hammer says

An investor has paid $17 million for a nine-building, 133-unit apartment portfolio in Paterson and Passaic, in a transaction arranged by Gebroe-Hammer Associates.

Government & Public Policy
Murphy signs law to extend deadlines for approved ERG, Urban Transit Hub projects

Gov. Phil Murphy has signed into law a bill that extends key deadlines for some projects that are still in development but were approved under two of the state’s defunct incentive programs.

Government & Public Policy
Flemington taps global consulting firm, launches downtown revitalization plan

Armed with a $100,000 state grant, the borough of Flemington is taking new steps to draw private development and community-focused investment to its historic downtown.

Professional Services
Lenders Realty Capital names partner, chief operating officer

A veteran of the financial services industry has joined Lenders Capital Realty Services, a commercial real estate advisory firm, as partner and chief operating officer.

Residential & Mixed Use
Developer plans 50 apartments after buying Morris County site, NAI Hanson says

A developer has acquired more than six acres in Morris County and is moving ahead with plans for a 50-unit apartment building at the site, according to NAI James E. Hanson.

Finance & Capital Markets
Procida inks $14.5 million construction loan for Bergen condo project

Procida Funding & Advisors has originated a $14.5 million construction loan to the developer of an age-restricted condominium property in Bergen County.