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.

Developers in Hoboken, Oceanport launch virtual tours amid COVID-19 crisis

With the coronavirus crisis still escalating, two prominent New Jersey developers are now among those to offer virtual tours of their newly opened residential properties.

Investment sales broker rejoins Colliers’ New Jersey team

An investment sales broker has rejoined Colliers International, where he will focus on business development and transactions throughout New Jersey and the tristate region.

Luxury apartment, retail complex in Metuchen sells for $30 million

The developer of a two-year-old luxury residential and retail complex in Metuchen has sold the property for nearly $30 million, in a transaction arranged by JLL.

Construction to carry on after being deemed essential, drawing praise from NJBA

Construction is set to continue in New Jersey after being deemed an essential business during the coronavirus crisis, providing a lift to developers even as they await additional guidance.

First residents move into new 116-unit apartment complex in Rahway

A new luxury apartment building in downtown Rahway has welcomed its first residents after the recent launch of its leasing campaign.

Brogan: Apartment industry bracing for impact of ‘stay at home’ order, economic uncertainty

With millions of New Jersey residents ordered to stay at home, apartment owners and managers are set to play a critical role in the effort to curb the spread of COVID-19. They’re also bracing for a major impact from a teetering economy and the prospect of some residents being unable to pay rent, which looms large against the backdrop of paying their own employees, mortgages and property taxes. That’s not to mention the need to respond to tenant emergencies and disruptions to the supply chain, which have impacted everything from cleaning supplies to appliances

Morristown’s transformation set to continue with new office, residential projects

Morristown has become one of New Jersey’s premier transit-oriented areas situated within a unique urban/suburban setting. Morristown’s 24/7 vibrant downtown is defined by its walkable and rapidly growing retail and residential developments. The heart of the commercial corridor surrounds the Morristown Green, a two-and-a-half-acre park that is bordered by upscale housing, office towers along with many restaurants and shopping options, attracting a high concentration of millennials.

Marcus inks $7.5 million fractured condo sale in Toms River

An investment group has paid more than $7.5 million to acquire a 52-unit fractured condominium package in Toms River, according to Marcus & Millichap.

Nonprofit finds new headquarters, acquires mixed-use building in Hawthorne

A nonprofit has acquired a nearly 11,000-square-foot building in Hawthorne, with plans to use the mixed-use property as its new headquarters and fourth location.

JLL: Newly developed rental building in Jersey City sells for $53 million

A joint venture has sold a newly built, 104-unit apartment building in Jersey City’s Bergen-Lafayette neighborhood, in a $53 million transaction brokered by JLL.