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
Kislak inks sale of Paterson apartment buildings for $4.4 million

A development and investment firm has sold a four-building, 34-unit apartment portfolio in Paterson for nearly $4.4 million, in a newly announced deal by The Kislak Co. Inc.

Residential & Mixed Use
Buyer wanted for 100-unit luxury rental building in Edgewater, JLL says

The owner of a 100-unit luxury apartment building in Edgewater is seeking a buyer for the property, under a newly announced offering by JLL’s New Jersey capital markets team.

Finance & Capital Markets
Progress Capital inks $15 million loan for Harlem development parcel

A developer has landed $15 million in financing for its acquisition of a parcel in Manhattan’s Harlem neighborhood, according to a debt placement team with Progress Capital.

Residential & Mixed Use
Larken sees towns in central, western New Jersey as growth markets for luxury rentals

Larken Associates has ramped up its multifamily development pipeline in recent years, as it looks to bring upscale apartments and amenities to lesser-known suburban submarkets.

Residential & Mixed Use
Developer sells newly built 56-unit townhome complex in Woodbridge

The developer of a new 56-unit multifamily complex in Woodbridge has sold the property, according to a brokerage team with NAI DiLeo-Bram & Co.

Residential & Mixed Use
Michaels adds vice president of capital markets

The Michaels Organization has named a new executive to lead its debt and equity platform for both new development and acquisition opportunities.

Finance & Capital Markets
Procida closes construction loan for 27-unit apartment building in Paterson

Procida Funding & Advisors has originated a $5.45 million construction loan to the developer of a new apartment and retail building in Paterson.

Residential & Mixed Use
Saxum Real Estate hires director of multifamily development

Saxum Real Estate has named a new director of development to lead its growing multifamily division, part of a pipeline that has surpassed $1 billion in total capitalization.

People
Ryan Sanzari named president of Alfred Sanzari Enterprises

Alfred Sanzari Enterprises has named a new president as part of an expanded role for the company’s third-generation leader.

Government & Public Policy
Developers press their case, setting sights on bill to allow third-party code inspections

A bill that would allow building owners to obtain faster code inspections using third-party, private-sector agents has moved through the Legislature in recent weeks, raising the hopes of developers and other industry stakeholders who support the proposal.