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
Gebroe-Hammer touts $214 million in New Jersey, Philadelphia multifamily sales in January

Brokerage firm Gebroe-Hammer Associates is off to a fast start in 2022, inking the sale of nearly 1,200 apartments in New Jersey and Philadelphia across 17 transactions in January.

Government & Public Policy
EDA takes first step toward launching tax credit for reviving historic buildings

State officials have approved a set of proposed guidelines for a new incentive program to support the restoration of New Jersey’s historic buildings and neighborhoods.

Sponsored Content
Preparing for your next DCA inspection — and new emergency contact info requirements

On Nov. 8, 2021, New Jersey enacted N.J.S.A. 55:13A-7.19, setting forth new requirements for landlords of multifamily dwellings. The law was designed to supplement the existing Hotel and Multiple Dwelling Law (N.J.S.A. 55:13A-1 et seq.), which is enforced by the Department of Community Affairs’ (“DCA”) Bureau of Housing Inspection. Under the new law, landlords of multifamily dwellings must provide tenants and prospective tenants with specific information regarding emergency contact instructions and how to contact social services for assistance.

Residential & Mixed Use
Bedrin, March offer new look at plans for Hawthorne luxury apartments (SLIDESHOW)

A development team has unveiled new details and design plans for a 118-unit luxury apartment building in Hawthorne, part of a mixed-use project that’s slated to open this summer.

Finance & Capital Markets
Kennedy Funding inks $3.6 million land loan for SoCal commercial, condo project

Kennedy Funding has closed a $3.6 million land loan in connection with a proposed mixed-use development in Southern California, the Englewood Cliffs-based lender announced.

Residential & Mixed Use
Jersey City: Developers unveil 114 rentals in historic Bergen-Lafayette neighborhood

A development team is set to debut a new 114-unit high-end apartment building that has revitalized another piece of Jersey City’s growing Bergen-Lafayette neighborhood.

Professional Services
DMR taps Kapoor as first-ever COO among six new promotions

DMR Architects has named its first-ever chief operating officer alongside five other promotions within its Hasbrouck Heights-based team of more than 40.

People
JDA Group names vice president of operations after latest promotion

JDA Group LLC has announced another promotion on its Hoboken-based team, tapping a property manager as its new vice president of operations.

Deals
Somerset County commercial, apartment building sells for $332,000, Sheldon Gross says

An office and apartment building in Manville has changed hands for $332,000, in a deal arranged by brokers with Sheldon Gross Realty.

Residential & Mixed Use
Pennrose executives step into CEO, president roles as part of new-look leadership team

Multifamily developer Pennrose has started 2022 with a newly configured leadership team, tapping two of its longtime executives for the roles of CEO and president.