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.

Morris Construction Management named owner’s rep for Long Branch condo project

The developer of a new oceanfront luxury condominium project in Long Branch has tapped Morris Construction Management LLC as its owner’s representative.

New Brunswick PAC, ‘the best example of what redevelopment can do,’ opens its doors

The long-awaited New Brunswick Performing Arts Center has opened its doors, marking the debut of a $172 million, mixed-use project that is poised to transform the city’s acclaimed arts district.

Essex County rental properties trade for $26.4 million

More than 200 apartments have changed hands in Essex County for a combined $26.4 million, under a series of newly announced transactions by Marcus & Millichap.

Harrison rental project hits leasing milestone, developers say

A development team is hailing a leasing milestone at a new luxury apartment building in Harrison, where renters have snatched up more than two-thirds of the available 257 units.

Reeling from new rent control laws, N.Y.C. investors set their sights on New Jersey

A landmark package of new rent control laws passed by the New York State government in mid-June appears to have kick-started a new kind of boom for the New Jersey real estate market. The laws, which dramatically strengthened tenant protections in New York City, took key steps such as repealing what was known as the vacancy bonus provision, which had allowed a property owner to raise rents as much as 20 percent each time a unit became vacant.

Developers detail plans for brewery at landmark Newark tower

A newly opened, 264-unit apartment building in downtown Newark is set to welcome a craft brewery and tap house to its commercial offerings.

Developers break ground on 126-unit rental project in Netcong

A development group has broken ground on a four-building, 126-unit apartment complex in the Morris County borough of Netcong.

Mixed-use Jersey City building trades for $1.25 million, Cervelli says

A multifamily buyer has added 12 apartments in Jersey City, following a newly completed transaction by Cervelli Real Estate & Property Management.

Fairfield rental complex fetches $14 million in 1031 exchange deal

A newly built, 34-unit apartment complex in Fairfield has changed hands for nearly $14 million, following a transaction arranged by The Kislak Co. Inc.

Hudson County developer launches new firm, plans North Bergen condo project

A longtime Hudson County development executive has formed a new venture, with plans to break ground in the coming weeks on a 70-unit condominium project in North Bergen.