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
Investor acquires Princeton apartments for $70 million

An investment firm has added to its holdings in New Jersey with its purchase of a six-year-old, 153-unit luxury apartment complex in Princeton for more than $70 million.

Residential & Mixed Use
Marcus inks $10.6 million sale of West New York apartments

A three-building, 66-unit apartment portfolio in West New York has changed hands for nearly $10.6 million, under a newly announced transaction by Marcus & Millichap.

Residential & Mixed Use
New 242-unit rental building in Harrison tops 90 percent leased

A joint venture has leased more than two-thirds of a new 242-unit luxury apartment building in Harrison, touting the milestone just two months after opening to prospective renters.

Government & Public Policy
Experts say ‘stranded’ office, retail sites can thrive as new-look community hubs

Experts say the way to revive outdated, underutilized commercial properties in New Jersey is to make the sites an essential part of their communities. That can mean increasing the amount of public green space or adding mixed-use elements, among other options aimed at redeveloping so-called stranded assets.  

Finance & Capital Markets
JLL inks $13 million refi for Jersey City apartment building

The owner of a 40-unit luxury apartment building in Jersey City has secured $13 million in financing, under a newly announced transaction by JLL.

Residential & Mixed Use
Developer eyes debut of 153-unit apartment building in Union Twp.

A developer has unveiled a collection of more than 150 apartments in Union Township, marking the completion of its first project in northern New Jersey.

Residential & Mixed Use
Plainfield planning board OKs project with 357 apartments, rooftop restaurant space

Local officials have granted a key approval to a four-building project that would bring more than 350 apartments and commercial space to the edge of downtown Plainfield.

Residential & Mixed Use
Prism touts 95 percent leased milestone at Edison Lofts project in West Orange

Prism Capital Partners has all but leased up a collection of 300 apartments in West Orange, part of its redevelopment of a historic Thomas Edison factory complex in the downtown.

Residential & Mixed Use
Larken details new hires, promotions on residential property management teams

Larken Associates has announced a series of new hires and promotions to its residential property management teams in New Jersey and Pennsylvania.

Office
Marcus: Morristown property with medical office, residential unit trades for $2.5 million

A buyer has paid $2.5 million for a 6,000-square-foot mixed-use property in downtown Morristown, under a transaction arranged by Marcus & Millichap.