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.

Professional Spotlight
C&W adds veteran multifamily broker as vice chairman in New Jersey

Cushman & Wakefield has made another key addition in New Jersey, hiring a veteran broker who will help bolster its investment sales team in the multifamily sector.

Finance & Capital Markets
Greystone: MBC inks $30 million construction loan to kick off Jersey City redevelopment

A developer has landed a $30 million construction loan for an 80-unit apartment building in Jersey City, according to a debt placement team with Greystone.

Finance & Capital Markets
JLL: Ironstate refinances Hoboken apartment tower for $36 million

The owner of a 150-unit apartment tower in downtown Hoboken is refinancing the property for nearly $36 million, in a deal arranged by brokers with JLL.

Residential & Mixed Use
Woodmont breaks ground on 120-unit luxury rental complex in Warren County

Woodmont Properties has broken ground on its latest multifamily project, with plans calling for 120 luxury apartments just west of Hackettstown in Warren County.

Residential & Mixed Use
OneWall sells 301-unit East Orange workforce housing portfolio for $53 million

An apartment owner has sold a five-building, 301-unit portfolio in East Orange for $53 million, under a transaction arranged by CBRE.

Residential & Mixed Use
Prism eyes spring delivery for first two rental buildings at Dunellen train station

Prism Capital Partners is planning a spring delivery for the first two buildings at a new luxury residential complex in Dunellen, the developer announced last week.

Health Care & Education
Trammell Crow plans 93-unit senior living facility in Fair Lawn

Trammell Crow Co. and its joint venture partner, Chelsea Senior Living, have revealed plans to develop a three-story, 93-unit senior living facility in Fair Lawn.

Residential & Mixed Use
Jersey City building with urgent care, apartments fetches $6.6 million

Marcus & Millichap has negotiated the $6.6 million sale of a 6,150-square-foot mixed-use property at 340 Grove St. in Jersey City.

Residential & Mixed Use
CBRE inks $37 million sale of six-year-old Newark apartment building

The developer of a 152-unit luxury apartment complex in Newark’s University Heights neighborhood has sold the property for $36.5 million, according to brokers with CBRE.

Finance & Capital Markets
C&W sources $72 million refi for 280-unit Advance rental property in Harrison

Advance Realty Investors has refinanced a recently developed, 280-unit luxury apartment building in Harrison for $72 million, in a deal sourced by Cushman & Wakefield.