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.

Industrial
Landscaper buys Hunterdon site with outdoor storage, office space for growing business

A landscape design and maintenance firm has purchased a mixed-use property in Tewksbury that will provide new space for its growing business, in a deal arranged by NAI James E. Hanson.

Residential & Mixed Use
Developer sells new 62-unit rental building in downtown Bergenfield, Kislak says

An affiliate of Hornrock Properties has sold a new 62-unit luxury apartment building in Bergenfield for nearly $23 million, in a deal arranged by The Kislak Co. Inc.

Residential & Mixed Use
Procida eyes $40 million rehab of historic Paterson silk mill, with plans for 127 apartments

A development team led by Procida Funding has unveiled plans to create nearly 130 new apartments at the site of a historic mill complex near Paterson’s Great Falls.

Residential & Mixed Use
Kislak inks $6.6 million sale of Neptune City apartments, in string of Monmouth deals

An investor has purchased a 36-unit garden apartment complex in Neptune City for $6.55 million, in the largest of three newly announced deals by The Kislak Co. Inc.

Residential & Mixed Use
Developer sells newly built Morris County apartments for $45 million

A development team has sold a newly built, 126-unit apartment complex in northwestern Morris County, in a transaction arranged by Cushman & Wakefield.

Retail
Eden Wood taps Rarefied as retail agent for 88-acre town center project in Whippany

A developer has picked Rarefied Real Estate Partners to spearhead retail leasing at a mixed-use, 88-acre project that aims to revitalize a historic former industrial site in Hanover.

Residential & Mixed Use
PRC, Circle Squared eye debut of second phase of 162-unit Bayonne apartment project

PRC Group is set to unveil the second of two new luxury apartment buildings in Bayonne after a rapid lease-up of its first phase.

Finance & Capital Markets
JLL sources $56 million HUD loan to refinance Burlington County apartments

The owner of about 300 apartments in Burlington County has landed a $56 million federal loan to refinance the property, according to a debt placement team with JLL.

Deals
Developer buys 15-acre multifamily site in Burlington Co., Rose Commercial says

A developer has purchased nearly 15 acres of vacant land on Route 130 in Burlington County, in a newly announced deal by Rose Commercial Real Estate.

Residential & Mixed Use
N.Y. firm buys 78-unit Hackensack rental building for $36 million, Kislak says

An out-of-state investor has purchased a 78-unit luxury apartment building in Hackensack for $36 million, in a transaction arranged by The Kislak Co. Inc.