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
Developer kicks off 600-unit residential, retail project at former Parsippany office park

A development team has broken ground on a project that will bring 600 apartments and townhomes to the site of what was a sprawling highway office park in Parsippany.

Residential & Mixed Use
Larken touts lease-up, first move-ins at 191-unit rental project in Hillsborough

Larken Associates is marking the lease-up of its new 191-unit luxury apartment property in Hillsborough, in a milestone that comes just as it welcomes its first residents.

Residential & Mixed Use
Developer eyes debut of 378-unit high-rise in downtown Hackensack

A developer is set to open a new 378-unit apartment building in downtown Hackensack, marking the latest piece of the city’s fast-growing luxury housing stock.

Residential & Mixed Use
Mack-Cali announces rebrand, eyeing full-fledged apartment platform and ESG goals

Mack-Cali Realty Corp. is rebranding to Veris Residential Inc., the company said Tuesday, in a step that reflects its move to a pure-play multifamily operator and a focus on sustainability.

Residential & Mixed Use
JLL: Clarion sells 163-unit Montclair apartment property

An investment manager has sold a 163-unit luxury apartment complex in downtown Montclair, under a newly announced transaction by JLL.

Finance & Capital Markets
Developer secures $17.7 million construction loan for 104-unit Plainfield rental project

A development team has landed a nearly $18 million construction loan for a planned 104-unit apartment building in Plainfield, in a deal arranged by Progress Capital.

Retail
Builder touts new food, service tenants at mixed-use project in downtown Union Twp.

A host of retail tenants are coming to a new luxury apartment building in downtown Union, helping to fill the latest available ground-floor space at the multiphase development.

Residential & Mixed Use
East Orange multifamily building trades for $4.4 million

A seller has reaped $4.4 million from its sale of a 42-unit multifamily property in East Orange, in a newly announced transaction by Midtown Commercial Realty.

Finance & Capital Markets
Progress: Buyer inks $44 million loan for 175-unit multifamily deal in Bergen, Essex

A multifamily buyer has landed more than $44 million in financing for its purchase of a combined 175 units in Bergen and Essex counties, according to Progress Capital.

Residential & Mixed Use
Gebroe-Hammer inks $83 million sale of 542-unit Union County apartment portfolio

An apartment owner has sold a 17-building, 542-unit portfolio in Union County for nearly $83 million, under a deal arranged by Gebroe-Hammer Associates.