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.

Government & Public Policy
Experts say ‘stranded’ office, retail sites can thrive as new-look community hubs

Experts say the way to revive outdated, underutilized commercial properties in New Jersey is to make the sites an essential part of their communities. That can mean increasing the amount of public green space or adding mixed-use elements, among other options aimed at redeveloping so-called stranded assets.  

Finance & Capital Markets
JLL inks $13 million refi for Jersey City apartment building

The owner of a 40-unit luxury apartment building in Jersey City has secured $13 million in financing, under a newly announced transaction by JLL.

Residential & Mixed Use
Developer eyes debut of 153-unit apartment building in Union Twp.

A developer has unveiled a collection of more than 150 apartments in Union Township, marking the completion of its first project in northern New Jersey.

Residential & Mixed Use
Plainfield planning board OKs project with 357 apartments, rooftop restaurant space

Local officials have granted a key approval to a four-building project that would bring more than 350 apartments and commercial space to the edge of downtown Plainfield.

Residential & Mixed Use
Prism touts 95 percent leased milestone at Edison Lofts project in West Orange

Prism Capital Partners has all but leased up a collection of 300 apartments in West Orange, part of its redevelopment of a historic Thomas Edison factory complex in the downtown.

Residential & Mixed Use
Larken details new hires, promotions on residential property management teams

Larken Associates has announced a series of new hires and promotions to its residential property management teams in New Jersey and Pennsylvania.

Office
Marcus: Morristown property with medical office, residential unit trades for $2.5 million

A buyer has paid $2.5 million for a 6,000-square-foot mixed-use property in downtown Morristown, under a transaction arranged by Marcus & Millichap.

Residential & Mixed Use
Closter: Longtime business park owner eyes redevelopment with senior housing

A development team has unveiled plans for a new 195-unit senior housing community in Closter, where it will look to replace a business park that dates back to the end of World War II.

Residential & Mixed Use
Larken acquires, plans upgrade of 102-unit rental property in Pennsylvania

Larken Associates has added to its out-of-state multifamily portfolio with the acquisition of a 102-unit property in southeastern Pennsylvania.

Government & Public Policy
Transit village project, Gateway tunnel in focus in Buttigieg visit to Somerville

A new mixed-use transit village in downtown Somerville took center stage during a recent visit by U.S. Transportation Secretary Pete Buttigieg, highlighting the importance of infrastructure investment as Congress debates a $1 trillion spending package.