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
Marcus inks sale of 15-unit Union City apartment building for $4.8 million

A seller has reaped nearly $5 million in the trade of a 15-unit apartment building in Union City, in a deal arranged by Marcus & Millichap.

Residential & Mixed Use
Gebroe-Hammer inks sale of Philadelphia apartments, rounding out $93 million in deals

The longtime owner of a 44-unit apartment complex in Philadelphia has sold the asset, in the newest of several recent deals in the city by Gebroe-Hammer Associates.

Residential & Mixed Use
Fort Lee apartment high-rise sells for $52 million

An investment firm has acquired a 128-unit apartment tower in Fort Lee for nearly $52 million, brokers with Cushman & Wakefield announced Tuesday.

Residential & Mixed Use
PREIT inks sale of Moorestown Mall parcel slated for 375 apartments

Moorestown Mall owner PREIT has completed its sale of two key parcels at the site, including one that’s slated for 375 apartments as part of an ongoing redevelopment plan.

People
Woodmont makes five new hires to support growing portfolio, development pipeline

Woodmont Properties has announced five new hires across its multifamily development, industrial, legal and marketing teams.

Residential & Mixed Use
Kislak: 21-unit Journal Square apartment building trades for $3.9 million

An investor has purchased a 21-unit apartment building in Jersey City’s resurgent Journal Square neighborhood, according to a broker with The Kislak Co. Inc.

Residential & Mixed Use
Zoning board OKs 14-unit condo project in historic Newark district

Newark’s zoning board has approved plans for a new 14-unit condominium building some two blocks south of Interstate 280 and NJ Transit’s Broad Street station.

Residential & Mixed Use
Joint venture buys 99-unit Hoboken property for $57 million, in JLL-brokered deal

Skylight Real Estate Partners and PCCP LLC have acquired a 99-unit, loft-style apartment building in Hoboken for nearly $57 million, in a deal arranged by JLL.

Residential & Mixed Use
Marcus inks sale of approved multifamily development site in Dunellen

An investor has purchased an approved development site in northern Middlesex County, where plans call for a reported 40 apartments in a location just north of Route 28.

Residential & Mixed Use
RMS touts lease-up of new Union Twp. apartments, eyes next New Jersey project

Development firm RMS Cos. has leased up a new 153-unit luxury apartment property in Union Township, as it looks to build on the success of its first project in New Jersey.