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.

Finance & Capital Markets
Sussex County apartment owner refis for $31 million, Progress says

The longtime owner of a 240-unit apartment complex in Sussex County has refinanced for more than $31 million, according to a debt placement team with Progress Capital.

Industrial
Tulfra plans 265,000 sq. ft. self-storage, parking facility at newly acquired Jersey City site

Tulfra Real Estate has purchased a site in Jersey City that it says will tap into the demand for both parking and self-storage in the booming municipality.

Government & Public Policy
Hackensack: Two-way traffic is back on Main Street, in critical step for city’s revival

Business leaders in Hackensack are hailing the long-awaited return of two-way traffic on Main Street, a change that will likely accelerate the ongoing revival of the city’s downtown.

People
Denholtz expands construction, finance teams with five new hires

Denholtz Properties has announced five new hires, with an eye toward bolstering its internal construction and finance teams in the wake of the pandemic.

Government & Public Policy
Santola joins State Planning Commission after nomination by Murphy, approval by Senate

Longtime development executive Stephen Santola has joined the State Planning Commission as a public member, following lawmakers’ recent approval of his nomination to the group.

Residential & Mixed Use
Prism launches leasing at 232-unit upscale rental project in Woodbridge

Prism Capital Partners has all but completed a new 232-unit luxury apartment complex in Woodbridge, helping to revitalize a busy corner in the municipality’s downtown.

Residential & Mixed Use
JMF opens Glen Ridge apartment building, expanding acclaimed ‘Clarus’ brand

JMF Properties has taken the wraps off a new 110-unit luxury apartment building in Glen Ridge, seeking to lure renters with a location near commuter rail service and downtown Montclair.

Residential & Mixed Use
Marcus: Apartments in Franklin, New Brunswick trade for $5.3 million

A private investor has acquired a 39-unit apartment portfolio in central New Jersey for more than $5.3 million, under a deal arranged by Marcus & Millichap.

Residential & Mixed Use
Leasing underway at second phase of new apartments in Union Township

A developer has unveiled the second phase of what will ultimately be more than 230 apartments in Union Township, bringing another 75 units to the municipality’s growing downtown.

Government & Public Policy
Claremont breaks ground on homeless shelter, moving closer to new 444-unit apartment tower

A developer has broken ground on a new homeless services center in Jersey City, marking a key step in a plan to ultimately build a 23-story, 444-unit apartment tower across the street.