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.

Finance & Capital Markets
Hoboken apartment owner refinances for $22 million, JLL says

The owner of a two-building, 50-unit apartment property in Hoboken has secured nearly $22 million in financing, in a transaction arranged by JLL.

Finance & Capital Markets
Lee & Associates New Jersey inks $12.5 million construction loan for Orange project

Lee & Associates New Jersey has arranged a $12.5 million construction loan for a 51-unit multifamily project in Orange, the brokerage firm announced Monday.

Residential & Mixed Use
Ridgefield Park rental portfolio trades for $7.8 million, Marcus says

A private investor has acquired a 45-unit apartment portfolio in Ridgefield Park for nearly $8 million, in a newly announced transaction by Marcus & Millichap.

Professional Services
McManimon Scotland adds to redevelopment law practice group

McManimon, Scotland & Baumann LLC has made an addition to its commercial real estate team, one of five new hires for the Roseland-based law firm.

Residential & Mixed Use
Developer breaks ground on 51-unit rental project in Orange

A development team has broken ground on a 51-unit apartment building in Orange, seeking to revitalize a long-vacant parcel at the southern edge of the city.

Residential & Mixed Use
Gebroe-Hammer inks sale of 1,030 apartments in September, October

Gebroe-Hammer Associates is touting the recent completion of multifamily asset sales valued at $164 million, with momentum expected to continue in New Jersey through the end of 2020.

Residential & Mixed Use
Construction underway at 185-unit luxury rental project in Little Falls

A developer has kicked off construction at a new 185-unit multifamily complex in Little Falls, seeking to capitalize on a location near mass transit and minutes from area highways.

People
Saxum announces five new hires amid growing development pipeline

Saxum Real Estate has announced five new hires to help support the firm’s ongoing growth in New Jersey and nationally.

Top News
Arthur Imperatore Sr., NY Waterway founder and key figure in Gold Coast rebirth, dies at 95

Arthur E. Imperatore Sr., the pioneer of Hudson River commuter ferry service and a central figure in the transformation of northern New Jersey’s Gold Coast, has died at age 95.

Finance & Capital Markets
JLL: Builder of Somerset apartments refinances for $12 million

A developer has secured a $12 million loan in connection with a new 61-unit apartment building in the Somerset section of Franklin, brokers with JLL announced Thursday.