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 vice president of land development

A veteran engineer and development executive has joined Diversified Properties, in a move that bolsters the in-house team of the Montville-based commercial real estate firm.

Residential & Mixed Use
Developer touts continued interest at 79-story condo tower in Jersey City

The developer of a new 79-story condominium building in Jersey City is approaching 200 closings, as it rides continued momentum during the spring selling season.

Office
The S.Hekemian Group unveils new office building at ex-Mercedes site in Montvale

The S.Hekemian Group has opened the doors to a new office building in Montvale, part of a mixed-use redevelopment of the former Mercedes-Benz USA campus in the borough.

Residential & Mixed Use
JLL marketing 312-unit luxury apartment complex outside Princeton

A sprawling complex of more than 300 luxury apartments in Lawrenceville is on the market for sale, in an offering by JLL’s New Jersey capital markets team.

Finance & Capital Markets
Investors Bank completes $556 million in Q1 commercial real estate loans

The owner of a 132-unit luxury apartment building in Jersey City has refinanced for $45 million, in one of several recently announced loans by Investors Bank.

Residential & Mixed Use
Gebroe-Hammer touts spring momentum, inking $269 million in recent multifamily sales

Gebroe-Hammer Associates is riding continued investor appetite for New Jersey’s multifamily sector, having completed 21 deals for a combined $269 million in the past two months alone.

Residential & Mixed Use
ACDEVCO, stakeholders plan May 25 event on jump-starting Atlantic City housing market

Business leaders are hoping to shine a light on Atlantic City’s available housing stock — and the incentives for would-be buyers — in a free event slated to take place this week.

Government & Public Policy
Mixed-use project in Paterson advances with support from EDA, HFMA

A partnership is eyeing plans to bring 74 new apartments to Paterson, in a project that calls for both new construction and the restoration of a historic mill property near the city’s Great Falls.

Retail
Prism inks retail lease at Woodbridge project, securing space for café owned by Eric LeGrand

Former Rutgers University football player Eric LeGrand will open a new café in downtown Woodbridge, becoming the first retail tenant at a new development by Prism Capital Partners.

Residential & Mixed Use
Developers partnering with state, University Hospital for new affordable housing in Newark

A new 78-unit affordable housing development is coming to Newark’s West Ward as part of a collaboration among state officials, private-sector builders and a key hospital in the city.