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.

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.

Government & Public Policy
Scotch Plains issues RFQ for long-awaited, mixed-use downtown redevelopment

Scotch Plains has kicked off its search for a developer that can bring new commercial, residential and civic spaces to its downtown, under a long-discussed plan by the municipality.

Residential & Mixed Use
Harrison officials, developers unveil 381 new apartments at Urby complex

Local officials turned out last week to mark the opening of 381 new luxury apartments in Harrison, the latest addition to a sprawling rental community in the town.

Residential & Mixed Use
Developers land $42 million for affordable housing near Newark’s University Hospital

A development team has closed on $42 million in financing for a project that will bring 78 affordably priced apartments to an area just north of Newark’s University Hospital.