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
Murphy signs bill to end eviction ban, providing new protections for renters

Gov. Phil Murphy on Wednesday took a key step toward phasing out the state’s moratorium on residential evictions, signing a bill to do so while providing relief to both renters and landlords.

Residential & Mixed Use
Marcus: Asbury Park lot zoned for 80 apartments trades for $2.2 million

A private investor has acquired an approved multifamily development site in Asbury Park for more than $2 million, brokers with Marcus & Millichap announced Wednesday.

Residential & Mixed Use
Kislak announces apartment, mobile home sales totaling $9 million

A collection of 88 apartments and mobile homes in New Jersey have sold for more than $9 million in total, in a series of transactions announced by The Kislak Co. Inc.

Residential & Mixed Use
Investor acquires East Brunswick development site, eyes 96-unit rental project

An investment firm has acquired a seven-acre development site in East Brunswick, where it plans to build nearly 100 new apartments about a mile from Route 18.

Residential & Mixed Use
Builder acquires Hackensack parcels, securing approvals for 224 apartments, NAI Hanson says

A construction firm has closed on four adjacent parcels in downtown Hackensack, having secured approvals to build 224 new apartments with ground-floor retail space.

Finance & Capital Markets
Progress inks $20 million construction loan for new luxury rentals in East Orange

The developer of a new 119-unit luxury apartment building in East Orange has landed nearly $20 million in financing, according to a debt advisory team with Progress Capital.

Residential & Mixed Use
Tolls Bros. debuts first homes at redeveloped ex-A&P headquarters site in Montvale

Toll Brothers has unveiled the first pieces of a new luxury residential community in Montvale, where it’s redeveloping the site that once housed A&P’s corporate headquarters.

Residential & Mixed Use
Value Cos. plans 104-unit addition to vast apartment complex in Randolph

Value Cos. is set to break ground on the final piece of a sprawling apartment complex in Morris County, with plans to add 104 homes to a property that already has some 900 units.

Government & Public Policy
Bill to allow third-party code inspections awaits action by Murphy

Commercial real estate leaders are awaiting the fate of a bill that would allow building owners in New Jersey to hire third-party, private-sector professionals to obtain faster code inspections.

Residential & Mixed Use
Newark building with 11 apartments, retail space wins planning board approval, Taylor says

A developer has secured a key local approval for a planned 11-unit apartment building in downtown Newark, according to a team with Taylor Architecture & Design.