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.

Policy Page
Waves of change bring opportunity to New Jersey’s suburbs

Jersey is looking better all the time — especially the suburbs. That’s my conclusion after reading a new Rutgers University report that provides an impressive amount of detail and analysis on economic, demographic and market trends which can help public officials plan for the future in ways that may help regenerate our suburbs and the overall state economy.

Finance & Capital Markets
Rental properties in Essex, Camden extend Section 8 contracts with $51 million refi

The owner of two federally subsidized housing properties has closed on more than $50 million in financing, under a pair of transactions by Rockport Mortgage Corp.

Guest Columns
Addressing affordable housing: Government leaders must adapt

After multiple Supreme Court decisions over 50 years, the creation of the Council on Affordable Housing and its subsequent power stripping by the Supreme Court in 2015, over 60,000 units of affordable housing have been created. So, does that mean that the battle over affordable housing in New Jersey is over? Nothing could be further from the truth.

Residential & Mixed Use
Gebroe-Hammer honors broker in $75 million, 487-unit portfolio sale

A broker with Gebroe-Hammer Associates has won a top honor from the firm in connection with last year’s $75 million sale of a 487-unit, 18-building portfolio in Hudson and Bergen counties.

Government & Public Policy
Final phase of Camden redevelopment project underway, HMFA says

The Michaels Organization has broken ground on 58 apartments in Camden, the final piece of a project to redevelop a former public housing complex in partnership with state officials.

Residential & Mixed Use
Zamir Group breaks $100 million in 2019 sales volume, touting NJMLS milestone

A team with Keller Williams Town Life is celebrating its recent banner year, having completed more than $106 million in sales volume across nearly 200 transactions in 2019.

Residential & Mixed Use
Jersey City condo tower starts strong in 2020, recording 21 contracts

After a robust end to 2019, the developer of a luxury condominium tower along the Hudson waterfront has carried that momentum into the new year.

Top News
State unveils Newark affordable housing project with Pennrose, RWJBarnabas

A developer is partnering with one of the state’s largest hospital systems to create dozens of affordable housing units near Newark Beth Israel Medical Center.

Residential & Mixed Use
JMF hails leasing milestone at Plainfield rental community

JMF Properties has surpassed the 50 percent leased milestone at a 114-unit luxury apartment complex in Plainfield, the first of two phases in what it describes as an emerging transit village.

Residential & Mixed Use
Kislak foundation awards $50,000 grant to Newark-area Habitat for Humanity

The Kislak Family Foundation has made a $50,000 grant to Habitat for Humanity of Greater Newark, which the organization will use for projects in Essex, Hudson and Union counties.