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
Procida joins developer to break ground on 128 rentals, nonprofit space in Philadelphia

Procida Funding is marking the start of a project that will bring 128 new apartments and office space for a local nonprofit to a West Philadelphia neighborhood.

Residential & Mixed Use
Invesco completes $161 million purchase, recap of 360-unit Roseland apartment complex

Invesco Real Estate Investment Trust has completed its acquisition of a 360-unit garden apartment complex in Roseland for more than $160 million.

Residential & Mixed Use
BNE unveils, launches leasing at new 99-unit rental property in Fairfield

BNE Real Estate Group has launched leasing at a collection of 99 upscale apartments in Fairfield, as it marks the debut of its latest multifamily property in the state.

Photos
Developers, public officials mark Arbor Day with tree plantings at Vermella properties

The developers of four multifamily projects joined public officials last week to celebrate Arbor Day, touting the benefits of redevelopment and the use of green building practices at the sites.

Finance & Capital Markets
JLL: Hekemian & Co. inks $78 million refi of new Hackensack apartments

An affiliate of Hekemian & Co. has landed a $78 million loan to refinance a new 254-unit luxury apartment building in Hackensack, in a transaction arranged by JLL.

Professional Services
Kitchen & Associates names new managing principal after more than a decade

Design firm Kitchen & Associates has named a new managing principal to help guide its continued growth across the multifamily sector.

Residential & Mixed Use
CBRE: OneWall sells 44-unit East Orange apartment building in latest Essex County deal

Workforce housing investor OneWall Communities has sold a 44-unit apartment building in East Orange, marking the latest deal involving its Essex County portfolio.

Professional Services
Mancini Duffy acquires fellow design firm, details expanded headquarters

Design firm Mancini Duffy has announced its acquisition of Gertler & Wente Architects, in a move aimed at further growing its footprint in health care, multifamily and other sectors.

Residential & Mixed Use
Developer sells newly built 88-unit Hackensack apartment building for $39 million

The developer of a new 88-unit luxury apartment building in downtown Hackensack has sold the property for nearly $39 million, in a deal arranged by The Kislak Co. Inc.

Retail
Piscataway parcels trade for combined $3.3 million, Boniakowski says

Three adjacent parcels in Piscataway are under new ownership after a series of newly announced transactions by The Boniakowski Commercial Real Estate Group.