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.

People
Diversified Properties names new chief financial, operations officer

Diversified Properties, a Montville-based commercial and residential real estate developer, has named Greg Adami as its chief financial officer and chief operations officer.

Residential & Mixed Use
Condos at Hoboken’s historic Wonder Bread factory now 50 percent sold

A joint venture has reached a milestone in its conversion of a historic factory in Hoboken, having sold more than half of the 83 luxury condominiums that are now available at the site.

Retail
Prism: Retail, health care tenants ink leases at Edison Village project in West Orange

Three new retail tenants are coming to Edison Village, the recently opened, mixed-use property at the site of a historic Thomas Edison factory complex in West Orange.

Professional Services
CBRE adds Ozturk, Gatto to tristate investment sales team

CBRE has announced two key hires for its top investment sales team in the region, as it looks to expand its foothold in the multifamily sector and other asset classes.

People
Saxum adds to legal, construction and leasing teams with newest hires

Saxum Real Estate has announced four new hires aimed at bolstering its legal, project management and leasing teams.

Residential & Mixed Use
Joint venture acquires 100-unit upscale apartment complex in Edgewater

An investment group has completed its first deal with the purchase of a 100-unit luxury apartment complex in Edgewater, in a transaction arranged by brokers with JLL.

Finance & Capital Markets
Northmarq: Edgewater Park apartment owner refis for $17 million

The owner of a 296-unit apartment complex in Burlington County has refinanced the property for $16.9 million, under a deal arranged by Northmarq’s New Jersey office.

Government & Public Policy
Builders, public officials look to confront New Jersey’s housing supply and affordability crisis

Homebuilders joined key public officials at the Atlantic Builders Convention last month to confront New Jersey’s housing supply and affordability crisis, pledging a spirit of cooperation as they search for solutions.

People
Woodmont adds four team members amid growing development, investment platform

Woodmont Properties has announced four new hires to support its ongoing growth and expansion across multiple asset classes throughout the region.

Residential & Mixed Use
NAI DiLeo-Bram: New apartments coming to Plainfield building after $1.25 million sale

An investment group is set to build a dozen new apartments inside an existing commercial building in Plainfield, following a sale arranged by NAI DiLeo-Bram & Co.