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
JLL: Buyer wanted for 632-unit luxury rental property near Princeton

A collection of more than 630 apartments just outside Princeton is on the market for sale, with the potential to command offers around $200 million.

Finance & Capital Markets
Jersey City apartment owner secures $43 million bridge loan, JLL says

The owner of a newly completed, 104-unit luxury apartment building in Jersey City has secured a $43 million bridge loan, under a transaction arranged by JLL.

Residential & Mixed Use
Affordable housing development expert joins Hoboken-based consulting firm

A consulting firm focused on affordable housing has named a new senior vice president.

Residential & Mixed Use
Developers eye debut of new luxury apartments in Old Bridge

A joint venture is nearing completion of a new luxury apartment complex in Old Bridge, seeking to lure renters with a long list of amenities and access to a host of nearby highways.

Residential & Mixed Use
Kislak: Asbury Park apartments sold for $18.5 million, nearly tripling in value from 2012

An investor has sold a 98-unit apartment building in Asbury Park for $18.5 million, completing the deal roughly a decade after buying the property for less than $7 million.

People
Sanzari taps longtime real estate finance executive as CFO

Alfred Sanzari Enterprises has hired a longtime industry executive as its new chief financial officer.

Finance & Capital Markets
Progress Capital inks $53 million refi for East Orange apartments

The developer of a 180-unit luxury apartment building in East Orange has refinanced the property for $53 million, according to an advisory team with Progress Capital.

People
Tulfra names new senior development, asset managers after recent promotions

Tulfra Real Estate has announced the promotion of two longtime employees.

Government & Public Policy
NJ Transit seeking proposals from four finalists in 12-acre Metropark redevelopment

State officials are seeking pitches from companies that have shown an interest in redeveloping 12 acres directly adjacent to the busy Metropark transit hub in Woodbridge.

Residential & Mixed Use
Loft-style apartments in Newton trade for $22.6 million, Kislak says

An investor has purchased a 101-unit, loft-style apartment building in Newton for nearly $23 million, in a newly announced transaction by The Kislak Co. Inc.