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.

Editor’s Note
A winning team

Commercial real estate truly is a people business, which explains why our stories highlighting new hires, promotions and other personnel moves are among the most popular. We’re fortunate to see a steady diet of these updates from all corners of the industry, including the types of announcements that have come from DMR Architects just about every year since we launched Real Estate NJ — five hires here, three new additions there — all to support a growing pipeline and portfolio that includes everything from apartments and hospitals to government buildings.

Finance & Capital Markets
Fairfield apartment developer inks $10.5 million refi, JLL says

A developer has secured $10.5 million to refinance a newly built, 36-unit apartment property in Fairfield, in a newly announced deal by JLL.

Residential & Mixed Use
Newark Museum taps L+M for 250 apartments, retail space in $85 million arts campus project

A developer is slated to bring 250 apartments and retail and dining space to downtown Newark as part of a newly announced, $85 million campus around The Newark Museum of Art.

Residential & Mixed Use
Edgewood expands veterans housing program within growing New Jersey portfolio

With Veterans Day approaching, Edgewood Properties has announced an expansion of a program that helps provide housing to military service members.

Residential & Mixed Use
CBRE inks apartment sales in Essex, Middlesex totaling $10.6 million

An investor has sold a five-building, 28-unit apartment complex in Belleville for nearly $4 million, in the largest of three newly announced transactions by CBRE.

Professional Services
Veteran finance exec rejoins FirstService Residential on east region team

FirstService Residential has named a new executive vice president of finance for its east region, tapping a former member of its team who is returning after two years.

Residential & Mixed Use
Developers break ground on housing, nonprofit space at Paterson mill property

A joint venture has broken ground in Paterson on a $26 million project that will bring affordable housing and space for a local nonprofit to the site of a historic mill building.

Residential & Mixed Use
KRE marks expansion of Bayonne project with launch of 213-unit rental property

Kushner Real Estate Group is set to unveil more than 200 new upscale apartments in Bayonne, marking the second leg of a three-phase project in the city’s waterfront redevelopment area.

Government & Public Policy
Developer plans 75 apartments, entertainment space at historic Fort Monmouth complex

A developer has purchased 20 acres at Fort Monmouth, with plans to convert a series of historic buildings to create 75 apartments and new commercial and entertainment space.

Residential & Mixed Use
Developer, local officials mark start of 337-unit rental project in Jersey City

A developer has broken ground on a new 337-unit luxury apartment building in Jersey City, marking the latest investment in the city’s fast-growing West Side neighborhood.