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
Developer breaks ground on 156-unit apartment tower, first of two in West New York

Construction is underway on the first of two towers that will make up a new 312-unit apartment complex in the Hudson County town of West New York.

Government & Public Policy
Newark outlines five-year plan to create, preserve 6,600 affordable housing units

Newark city officials have set out to create or preserve 6,600 units of affordable housing over the next five years, part of a new plan aimed at helping lower-income and homeless residents.  

Professional Services
Veteran broker marks debut of new Keller Williams office in Passaic County

A top-performing real estate agent in the region has joined Keller Williams Realty, unveiling a new office in the Passaic County borough of Ringwood.

Residential & Mixed Use
With new apartments, reuse of Plainfield hospital site taking shape after more than a decade

CHA Partners recently unveiled a new 120-unit apartment building at the site of the former Muhlenberg Regional Medical Center in Plainfield, doing so more than a decade after the hospital’s closure devastated city residents and set off an emotional, multiyear battle to repurpose the site.

Events
Atlantic Builders Convention returning to Atlantic City, with registration now open

The Atlantic Builders Convention is coming back to Atlantic City, marking the return of one of the region’s largest events after last year’s statewide shutdown due to the pandemic.

Retail
Clifton approves zoning for ‘limited’ retail uses at Prism’s ON3 campus

Prism Capital Partners has secured another key entitlement for its ON3 campus, allowing it to bring uses such as restaurants and small shops to the Clifton portion of the property.

Finance & Capital Markets
Kennedy Funding inks $3 million land loan, using Caribbean parcel as collateral

Kennedy Funding has closed $3 million in financing to the owner of a private residential development site in the Hamptons.

Government & Public Policy
Murphy signs bill to end eviction ban, providing new protections for renters

Gov. Phil Murphy on Wednesday took a key step toward phasing out the state’s moratorium on residential evictions, signing a bill to do so while providing relief to both renters and landlords.

Residential & Mixed Use
Marcus: Asbury Park lot zoned for 80 apartments trades for $2.2 million

A private investor has acquired an approved multifamily development site in Asbury Park for more than $2 million, brokers with Marcus & Millichap announced Wednesday.

Residential & Mixed Use
Kislak announces apartment, mobile home sales totaling $9 million

A collection of 88 apartments and mobile homes in New Jersey have sold for more than $9 million in total, in a series of transactions announced by The Kislak Co. Inc.