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
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.

Industrial
Owner of I-78 campus in Hunterdon eyes new warehouse space after latest acquisition

A commercial real estate firm has expanded its New Jersey portfolio with the purchase of a warehouse and nearly 200 acres in Hunterdon County, according to Cushman & Wakefield.

People
Reynolds Asset Management hires vice president of acquisitions, development

Reynolds Asset Management has named a new vice president of acquisitions and development to support its growing pipeline in and around its home state of New Jersey.

Residential & Mixed Use
BNE, local officials mark opening of 291 apartments in South Amboy

With leasing well underway, BNE Real Estate welcomed local officials this week to unveil its new 291-unit luxury apartment building along the Raritan Bay in South Amboy.