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: Asbury Park apartments sold for $18.5 million, nearly tripling in value from 2012

An investor has sold a 98-unit apartment building in Asbury Park for $18.5 million, completing the deal roughly a decade after buying the property for less than $7 million.

People
Sanzari taps longtime real estate finance executive as CFO

Alfred Sanzari Enterprises has hired a longtime industry executive as its new chief financial officer.

Finance & Capital Markets
Progress Capital inks $53 million refi for East Orange apartments

The developer of a 180-unit luxury apartment building in East Orange has refinanced the property for $53 million, according to an advisory team with Progress Capital.

People
Tulfra names new senior development, asset managers after recent promotions

Tulfra Real Estate has announced the promotion of two longtime employees.

Government & Public Policy
NJ Transit seeking proposals from four finalists in 12-acre Metropark redevelopment

State officials are seeking pitches from companies that have shown an interest in redeveloping 12 acres directly adjacent to the busy Metropark transit hub in Woodbridge.

Residential & Mixed Use
Loft-style apartments in Newton trade for $22.6 million, Kislak says

An investor has purchased a 101-unit, loft-style apartment building in Newton for nearly $23 million, in a newly announced transaction by The Kislak Co. Inc.

Residential & Mixed Use
Ironstate, Pegasus continue momentum at latest Harrison apartment building

A joint venture has leased more than three-quarters of a new 310-unit luxury apartment development in Harrison, signaling continued interest in the town’s revitalized riverfront.

Top News
Jumani named Tulfra CEO in expanded leadership role with development firm

Tulfra Real Estate President Sonny Jumani is assuming the title of CEO, expanding his leadership role with the Rochelle Park-based development firm.

Residential & Mixed Use
Newark apartment building trades for $1.7 million, Marcus says

A private investor has sold a recently updated, 12-unit apartment building in Newark for more than $1.7 million, in a transaction by brokers with Marcus & Millichap.

Top News
C&W: Developer wanted for 271-acre development site at Princeton Forrestal Center

Princeton University is seeking a buyer for more than 270 acres along Route 1, where local officials have approved a broad mix of commercial, research, hospitality and residential uses.