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
Marcus: Family sells Jersey City development site assembled over 30 years

A development tract three decades in the making has changed hands in Jersey City, in a newly announced transaction by Marcus & Millichap.

Residential & Mixed Use
New Jersey remains a draw for out-of-state developers — despite the hurdles

For developers from out of state, building in New Jersey can be a challenge. Yet there are builders that make it work — generally when there’s buy-in from government officials — and New Jersey remains a draw for many of them.

Retail
Kushner taps Pierson as retail leasing agent at Pier Village in Long Branch

Kushner Cos. has named Pierson Commercial as its retail leasing agent at Pier Village, the popular mixed-use, oceanfront development in Long Branch.

Residential & Mixed Use
Russo plans fall launch for upscale apartments in Garwood

Russo Development is gearing up to open its latest luxury multifamily project, a collection of nearly 300 apartments in the Union County borough of Garwood.

Residential & Mixed Use
Jersey City: 134-unit rental portfolio trades for $21 million, Gebroe-Hammer says

A six-property, 134-unit apartment portfolio in Jersey City has changed hands for more than $21 million, in a newly announced transaction by Gebroe-Hammer Associates.

Finance & Capital Markets
C&W arranges joint venture equity for 718-unit workforce housing portfolio in East Orange

The owner of a 718-unit, 11-building multifamily portfolio in East Orange has secured new partners, in a transaction arranged by Cushman & Wakefield.

Health Care & Education
CHA Partners debuts new senior living brand at East Hanover, Totowa projects

Development firm CHA Partners has unveiled a new upscale senior living brand for a soon-to-open facility and another that’s under construction, both in northern New Jersey.

Residential & Mixed Use
KRE eyes launch of 507-unit apartment tower in Jersey City

Kushner Real Estate Group is set to unveil its latest development in Jersey City, a 507-unit luxury apartment tower in a growing downtown arts district.

Government & Public Policy
DCA marks payout of $232 million in COVID rent relief, launches eviction prevention program

The state has disbursed more than $230 million in federal funds aimed at providing relief to apartment renters and landlords impacted by the COVID-19 crisis, officials said last week.

Residential & Mixed Use
Harbor Group, Cammeby’s acquire 5,300 apartments in New Jersey for $1 billion

An investment group has acquired more than 5,300 apartments in the state for a combined $1.05 billion, in a transaction that spans 14 cities in northern, central and southern New Jersey.