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
South Amboy rental property sells for $43 million, Gebroe-Hammer says

An investor has paid more than $40 million to acquire a newly built, 125-unit rental development in Middlesex County, in a transaction arranged by Gebroe-Hammer Associates.

Residential & Mixed Use
Marcus: Hudson County rental building fetches $14 million

A private owner has reaped $14 million from the sale of a 40-unit multifamily building in Hudson County, brokers with Marcus & Millichap announced Wednesday.

Government & Public Policy
Judge upholds injunction against Montclair rent control law, landlords say

A group of property owners in Montclair has scored another victory in court, as it looks ahead to a hearing that could determine the fate of a hotly debated rent control ordinance in the town.

Residential & Mixed Use
NJBA installs new officers, including Canuso as 67th president

A longtime homebuilding executive has taken the reins as president of the New Jersey Builders Association, with a mission that includes helping it navigate the ongoing public health crisis.

Finance & Capital Markets
JLL inks $30 million loan for Bergenfield rental complex

The owner of a 237-unit garden apartment complex in Bergen County has secured $30 million in financing, brokers with JLL announced Tuesday.

Deals
Congregation sells Bergen County building, eyes new home under recent merger

A congregation has sold its 22,000-square-foot home in Bergen County, as it integrates with another faith-based organization at a new location in a neighboring town.

Finance & Capital Markets
Investors eye buying, selling opportunities despite COVID challenges

Commercial real estate still holds opportunities for both sellers and investors — including those in New Jersey — provided they can navigate the challenges of the COVID-19 crisis. That was the message from experts who gathered for a virtual panel discussion on the state of capital markets in the Garden State and elsewhere.

Top News
Sharbell’s iconic ‘town center’ in Robbinsville, 25 years in the making, is a model for mixed-use

Tom Troy, president of Sharbell Development Corp., has been with the firm since 1987 and has helped spearhead its development of the landmark Washington Town Center project in Robbinsville. — Photo by Aaron Houston for Real Estate NJ By Joshua…

Government & Public Policy
Murphy taps developers, industry leaders economic recovery council

Gov. Phil Murphy has tapped more than three dozen development executives, labor leaders and other industry professionals as part of a new council to help restart New Jersey’s economy.

Top News
NJCU: Guarini’s $10 million gift to help fund arts center, international studies

A new $10 million gift to New Jersey City University — the largest in the school’s history — is providing a major boost to a plan to build a new performing arts center in Jersey City.