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
KRE Group launches leasing at new six-building, 270-unit Hopewell rental property

KRE Group has all but completed a new 270-unit multifamily project in Hopewell, the latest addition to its housing portfolio in suburban markets.

Sponsored Content
Turn market challenges into real estate wins

It’s no secret — this isn’t the market we had a few years ago. Interest rates are high, lending is tight and underwriting standards have become tougher across the board. In the Mid-Atlantic, particularly in New Jersey and Philadelphia, buyers are feeling the pressure.

Deals that used to move quickly now require sharper pencils, stronger balance sheets and a longer-term view. But here’s the thing: This kind of market creates real opportunity — for the right kind of investor.

Residential & Mixed Use
JLL: Veris sells Wall Township tract slated for 296 townhomes to Lennar

Veris Residential Inc. has sold 47 acres in Wall Township to Lennar Corp., in a deal arranged by JLL, paving the way for a project that will bring nearly 300 new townhouses to the site.

Residential & Mixed Use
Developer eyes 36-unit workforce housing project in Plainfield, Taylor Architecture says

A developer has moved closer to building a new 36-unit workforce housing property in Plainfield after securing approvals earlier this month from the city’s planning board.

Residential & Mixed Use
New 60-unit Wharton property fully rented after redevelopment project by Diversified

Diversified Properties LLC has completed its lease-up of a new 60-unit luxury apartment building in Wharton just months after unveiling the project.

Government & Public Policy
Towns file federal lawsuit over New Jersey affordable housing law, adding to state litigation

The coalition of towns seeking to undo New Jersey’s new affordable housing law is taking its case to federal court, arguing the framework violates the Constitution’s equal protection clause.

Residential & Mixed Use
Cervelli: Five-unit rental building changes hands on Jersey City’s West Side

A local investor has purchased a five-unit apartment building in Jersey City’s West Side neighborhood, according to a team with Cervelli Real Estate and Property Management.

Residential & Mixed Use
Journal Square site zoned for residential, mixed-use on the market for sale, eXp Realty says

A vacant development site in Jersey City’s booming Journal Square neighborhood has hit the market, in a newly announced offering by eXp Realty.

Finance & Capital Markets
Apartment owner lands $2.7 million loan for 43-unit North Plainfield complex, Cronheim says

The owner of a 43-unit garden apartment complex in North Plainfield has closed on $2.65 million in financing, according to a debt placement team with Cronheim Mortgage.

Residential & Mixed Use
Veris buys out Ironstate, consolidates ownership of Jersey City Urby in $39 million deal

Veris Residential Inc. is now the sole owner of a distinctive 762-unit apartment tower in Jersey City after acquiring Ironstate Holdings’ 15 percent stake in the building.