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.

Finance & Capital Markets
J&L lands $94 million construction loan for long-awaited, 403-unit project in Newark

The developer of a 12-story, 403-unit apartment complex in Newark’s Ironbound section has secured $94 million in financing, in a newly announced transaction by Greystone.

Residential & Mixed Use
Developers launch construction for 56-unit affordable housing property in Irvington

A development team has broken ground on a 56-unit apartment building in Irvington that will serve low- and moderate-income renters and residents with special needs.

Government & Public Policy
NJAA lauds passage of bill to end state’s eviction moratorium

A bill that would wind down New Jersey’s moratorium on residential evictions is headed for Gov. Phil Murphy’s desk, drawing cheers from many landlords after months of uncertainty.

Finance & Capital Markets
Procida marks payoff of $19 million construction loan, as 122 micro-units open in Jersey City

An area lender is touting the completion of 122 micro-apartments in Jersey City, thanks in part to nearly $19 million in construction financing.

Government & Public Policy
Bill to end eviction ban, with additional protections, slated for vote by full Legislature

A bill that would end New Jersey’s eviction ban later this summer while still providing protections to many apartment renters is poised for a full vote in the state Legislature.

People
Hampshire deepens leadership team with new promotions

The Hampshire Cos. has promoted a dozen employees, continuing its efforts to foster professional development from within the organization.

Residential & Mixed Use
Leasing underway at 452-unit apartment high-rise, second of two towers in Jersey City

A developer has launched preleasing at a second 45-story apartment tower in Jersey City, part of a project that has brought 900 upscale homes to a growing waterfront neighborhood.

Residential & Mixed Use
Buyer wanted for 129-unit East Orange apartment portfolio, Gebroe-Hammer says

The owner of a three-building, 129-unit apartment portfolio in East Orange is seeking a buyer for the properties, having tapped Gebroe-Hammer Associates to market the offering.

Residential & Mixed Use
Sterling opens 144-unit, PATCO-served rental property in Camden County

A developer has marked the opening of a new 144-unit luxury apartment complex in Camden County, having leased more than a quarter of its homes in less than less a month.

Residential & Mixed Use
Developers launch leasing at 200-unit luxury rental project in Montclair arts district

A joint venture has kicked off leasing at 200 new luxury apartments in Montclair, marking a milestone in a plan to create an arts district anchored by a historic downtown theater.