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
DMR: Developer kicks off first of 11 buildings at 88-acre town center site in Whippany

A developer has broken ground on a project that will revive the former site of a historic paper mill complex in Hanover’s Whippany section, bringing nearly 1,000 residential units, 80,000 square feet of retail space and other uses as part of an 88-acre town center.

Residential & Mixed Use
KRE, Russo begin leasing at 345-unit rental property in Morris County

Kushner Real Estate Group and Russo Development have all but completed a new collection of 345 luxury apartments in Rockaway, where leasing is now underway.

Residential & Mixed Use
Onyx eyes early 2022 launch of newest boutique apartments in Ridgewood

Onyx Equities is set to unveil a new 39-unit luxury apartment building in downtown Ridgewood, as it looks to continue its momentum from another recently opened property in the village.

Residential & Mixed Use
NJAA calls for ramping up new state eviction prevention program

With New Jersey’s eviction moratorium drawing down and state officials no longer taking applications for rental assistance for landlords and tenants impacted by the pandemic, stakeholders are hoping to see a new eviction prevention program take center stage.

Finance & Capital Markets
Lenders Capital inks construction loan, LP equity for Orange multifamily project

A developer has secured a construction loan and equity for a new 138-unit apartment building in Orange, in a set of newly announced deals by Lenders Capital Realty Services.

People
Blue Onyx hires former Roseland, Mill Creek exec to lead growing development pipeline

Blue Onyx Cos. has added a veteran development executive to help guide its expansion and a growing pipeline with more than $600 million of estimated construction costs.

Residential & Mixed Use
Accurate Builders unveils 234-unit rental property near Linden train station

Accurate Builders & Developers has opened the doors to a collection of 234 apartments in downtown Linden, in the latest addition to its growing multifamily portfolio.

Finance & Capital Markets
JLL inks $65 million construction loan for 337-unit rental project in Jersey City

A developer has secured a $65 million construction loan for a new 337-unit luxury apartment building in Jersey City’s West Side neighborhood, brokers with JLL announced Tuesday.

Finance & Capital Markets
JLL: Joint venture inks $54 million loan for newly acquired Montclair apartments

The recent buyers of a 163-unit multifamily property in Montclair have landed a $54 million acquisition loan for the property, according to a debt placement team with JLL.

Residential & Mixed Use
JLL inks sale of 214-unit rental property in Nassau County

Long Island’s largest multifamily owner has sold a 214-unit luxury apartment property in Nassau County, in a deal arranged by JLL’s Morristown-based capital markets team.