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.

Residential & Mixed Use
Developers near lease-up of 424-unit Hoboken rental property

A joint venture has all but completed its lease-up of 424 new high-end apartments on Hoboken’s burgeoning west side.

Residential & Mixed Use
Marcus & Millichap brokerage team perseveres in pandemic, riding high after banner year

A brokerage team has started 2021 with strong momentum after not only withstanding the COVID-19 crisis, but having its best year since joining forces under the Marcus & Millichap banner.

Residential & Mixed Use
Hekemian & Co. marks one year since debut of Hackensack apartments, offers new incentives

Hekemian & Co. is marking a year since the opening of a 254-unit luxury apartment complex in Hackensack, as it touts continued activity from renters interested in the city’s downtown.

Residential & Mixed Use
Penthouse at iconic Jersey City condo tower sold for $3.9 million

A buyer has paid nearly $4 million for a home at a newly delivered, 79-story condominium tower along the Jersey City waterfront.

Finance & Capital Markets
JLL sources $42 million construction loan for Readington apartment project

A developer has secured a $42 million construction loan for a new 254-unit luxury apartment complex in Readington, according to a debt placement team with JLL.

Finance & Capital Markets
Cronheim: Apartment owner lands $10 million loan for Union, Essex portfolio

The owner of a 129-unit apartment portfolio in Union and Essex counties has landed more than $10 million in financing, in a newly completed transaction by Cronheim Mortgage.

Health Care & Education
Developers eye plans for 3 million sq. ft. life sciences, tech hub in Jersey City

A joint venture is detailing plans for a 3 million-square-foot, mixed-use campus in Jersey City that it says will be a hub for life sciences, technology and medicine just outside Manhattan.

Office
Consulting firm inks lease to move to historic Trenton complex

A consulting firm is moving its headquarters to a historic industrial campus in Trenton, marking a milestone for the city and for the developer that is repurposing the property.

Residential & Mixed Use
Buyer wanted for 232-unit luxury apartment complex outside Princeton, JLL says

A luxury apartment complex near Princeton is on the market with a projected sale price of around $90 million, providing an opportunity for investors in the supply-constrained submarket.

Finance & Capital Markets
G.S. Wilcox sources $50 million construction loan for Union rental project

A developer has secured nearly $50 million in financing to build another 266 luxury apartments at an existing site in Union, under a transaction arranged by G.S. Wilcox & Co.