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.

The best of The Briefing 2021

Dear readers, As we look ahead to 2022, we’re excited to look back at our top stories of 2021, including our most-read items and a few editor’s picks. You can catch up on our daily “best of” emails below. Happy…

MHS Architects announces promotion of interior design associate

Marchetto Higgins Stieve Architects has promoted a key member of its interior design team.

Investor buys 28 units at Madison condo complex, C&W says

Drew University has sold 28 units at a Madison condominium property, in a newly announced deal by Cushman & Wakefield.

J&L, Sordoni host holiday toy drive to benefit Newark church

A development team in Newark has partnered with a local church to collect and distribute hundreds of toys, art materials and books to dozens of children in the city.

On the money

I’ve spent a decade watching Devco tackle some of the state’s largest, most ambitious redevelopment projects with complex capital stacks and broad coalitions of stakeholders. It’s a topic that we feature in this month’s cover story, which follows a year in which the organization broke ground on more than $1.5 billion worth of development. That makes it all the more timely for us to highlight an operation that is seemingly unlike any other developer in New Jersey.

AvalonBay eyes start of site work at $350 million mixed-use project at Princeton Junction

AvalonBay Communities Inc. has taken its first steps toward transforming an outdated office complex in West Windsor, where plans call for more than 800 units of housing, retail and public space as part of a vibrant destination at the Princeton Junction train station.

Marcus inks sale of 53-unit Toms River multifamily property

Marcus & Millichap has negotiated the sale of Briar Knoll, a 53-unit multifamily property in Toms River, at a capitalization rate of 4.32 percent.

Cronheim sources 15-year financing for 460 apartments in Burlington, Cumberland

An apartment owner has landed financing for a 460-unit portfolio in Cumberland and Burlington counties, according to a debt placement team with Cronheim Mortgage.

Kislak inks sale of 70-unit apartment complex in Plainfield

A private buyer has purchased a 70-unit garden apartment complex in Plainfield for $17.5 million, in a newly announced transaction by The Kislak Co. Inc.

Skyline Development, local officials mark opening of 70 condos in North Bergen

Skyline Development Group has taken the wraps off Solaia, its new 70-unit luxury condominium property near the Hudson River waterfront in North Bergen.