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.

Larken accounting manager earns expanded role as Yardi systems admin

Larken Associates has announced a promotion on its residential accounting team as part of a plan to further implement a key technology platform.

Jumping in

Call me provincial, but I’m always fascinated these days when I hear that an established investor, developer or retailer that operates nationally is only now finding its way into the New Jersey market. With our labor pool, our consumer base and the all-important draw of being a discount from New York City, one can’t help but wonder what took them so long in the first place — especially in an expansion that goes back more than a decade.

Gebroe-Hammer cracks $2 billion in 2021 with sale of nearly 12,800 apartments

Gebroe-Hammer Associates is eyeing continued momentum in 2022 after a year in which it brokered the sale of nearly 13,000 apartments, inking some $2 billion in transaction volume.

How Devco does it: Inside $1.5 billion pipeline — and decades of high-profile New Jersey projects

New Brunswick Development Corp. is forging ahead after a year in which it broke ground on more than $1.5 billion worth of projects — a milestone that’s all the more notable for a team that never does the same project twice.

JLL: Joint venture refinances two-building, 335-unit apartment portfolio in Rahway

A partnership has refinanced a two-building, 335-unit luxury apartment portfolio in Rahway, in a deal arranged by JLL’s New Jersey capital markets team.

Redevelopment trends: New York tristate’s redevelopment in turmoil

Redevelopment activity in the New York Tristate Region is searching for direction. Post-pandemic, there is pressure to redefine business, retail and residential redevelopment programs. The revised target forces everyone to take a longer look and a broader view of the various impacts this redefinition may bring.

Dentist takes 2,700 sq. ft. at new Eastampton apartments, Vantage Commercial says

A dental practice has leased nearly 2,700 square feet at a newly developed apartment property in Burlington County, in a newly announced transaction by Vantage Commercial.

Developer eyes fall groundbreaking for boutique apartment building in Elizabeth

A developer is planning a fall groundbreaking in Elizabeth after receiving key local approvals for a proposed 17-unit apartment building in the city’s Elmora Hills neighborhood.

CMC: Parsippany apartment complex owner lands $12.7 million refi

An apartment owner has refinanced an eight-building, 222-unit complex in Parsippany for $12.7 million, in a newly announced transaction by Commercial Mortgage Capital.

Kislak touts banner year with 242 transactions, $1 billion in deal volume

The Kislak Co. Inc. and Kislak Commercial Real Estate Services Inc. are reporting record investment sales and leasing activity in 2021, closing 242 transactions in six states.