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.

People
Larken Associates names chief HR officer

Larken Associates has named a new chief human resources officer as it looks ahead to its continued growth and hiring strategy.

Retail
Hoboken childcare center adds sixth location, leases 14,000 sq. ft. at 7 Seventy House

A childcare center is taking more than 14,000 square feet at the base of a new luxury apartment building in Hoboken, brokers with Cushman & Wakefield announced Tuesday.

Residential & Mixed Use
Marcus inks $3.4 million sale of Belleville apartment buildings

A private investor has sold a two-building, 28-unit apartment portfolio in Belleville for nearly $3.5 million, in a transaction arranged by Marcus & Millichap.

Residential & Mixed Use
Kokes eyes groundbreaking for 190-unit rental project in Riverside

Kokes Properties is slated to break ground later this year on the first piece of a plan to redevelop a long-vacant lot at the site of a former garment factory in Burlington County.

Government & Public Policy
State launches $25 million relief program for small landlords hurt by COVID-19

State officials have unveiled a $25 million grant program for small landlords who have lost rent revenue during the coronavirus crisis.

Residential & Mixed Use
Journal Square apartment buildings fetch $10 million, Gebroe-Hammer says

The longtime owner of two Jersey City apartment buildings has sold the 57-unit portfolio for nearly $10 million, in a newly announced transaction by Gebroe-Hammer Associates.

Finance & Capital Markets
Kennedy Funding inks $750,000 loan for Florida housing development

Kennedy Funding has closed a $750,000 loan to the owner of a residential development site in Southwest Florida, where plans call for more than 300 multifamily and manufactured homes.

Residential & Mixed Use
CPP, L+M launch $123 million rehab of East Orange senior housing complex

A joint venture has started construction on a $123 million overhaul of a 40-year-old, 406-unit affordable housing property in East Orange.

Residential & Mixed Use
Bergen County apartment portfolio trades for $19.2 million

A development and investment firm has sold an 85-unit multifamily portfolio in Bergen County for more than $19 million, according to brokers with The Kislak Co. Inc.

Residential & Mixed Use
Investor, acquires plans conversion of mixed-use Bergenfield building, NAI Hanson says

An investor has acquired a 5,000-square-foot mixed-used building in Bergenfield, with plans to bring new apartments to the property’s ground-floor spaces.