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.

Top News
Investors chasing value-add apartment deals, as demand for workforce housing intensifies

The need for workforce housing shows no signs of fading in the year ahead, fueling continued demand from investors chasing value-add apartment deals in markets such as New Jersey.

Finance & Capital Markets
Procida touts completion of Northvale condo project after $14.5 million construction loan

A developer has completed an upscale active adult condominium complex in Bergen County with the help of a recent $14.5 million construction loan by Procida Funding.

Residential & Mixed Use
Rowan students visit Riverside for up-close look at 190-unit Kokes multifamily project

Kokes Properties recently welcomed a group of Rowan University students to the site of its new 190-unit multifamily development in Burlington County.

Events
ULI to honor top New Jersey projects, industry players at 2022 awards gala

The Urban Land Institute of Northern New Jersey is set to honor more than a dozen commercial real estate projects, deals and industry leaders as part of its upcoming annual awards gala.

Residential & Mixed Use
JLL inks sale of 209-unit Stamford apartment tower

An investment group has sold a 209-unit apartment tower in downtown Stamford, Connecticut, in a deal arranged by JLL’s New Jersey-based capital markets team.

Residential & Mixed Use
Developer of 600-unit PARQ project in Parsippany eyes start of site work, demolition

A developer is set to begin demolition at the longtime site of an office park in Parsippany, paving the way for a plan to bring 600 apartments and townhomes to a swath of the property.

Residential & Mixed Use
Manulife sells 415-unit New Brunswick rental property for $173 million, CBRE says

A global asset manager has sold 415 luxury apartments in downtown New Brunswick for nearly $175 million, under a newly announced deal by CBRE.

Residential & Mixed Use
NJBA installs Bovino as president among new slate of board officers

The New Jersey Builders Association has installed a longtime member and 36-year veteran of the homebuilding industry as its 69th board president.

Professional Services
Michael Graves Architecture acquires Maryland-based design firm

Princeton-based Michael Graves Architecture & Design has expanded its service lines and its geographic footprint with the acquisition of a Maryland-based practice.

Residential & Mixed Use
OneWall sells two-building, 191-unit Newark rental portfolio for $30 million

Workforce housing investor OneWall Communities has sold a 191-unit multifamily portfolio in Newark for $30 million, according to the firm and brokers with CBRE.