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.

People
NJBA installs Mann as 68th president alongside newest slate of board officers

The New Jersey Builders Association has installed its newest president, tapping a Millburn-based developer and attorney to help guide the organization in the year ahead.

Residential & Mixed Use
Journal Square apartment building trades for $25 million, Gebroe-Hammer says

An Ohio-based company has added to its New Jersey holdings with its recent purchase of a 94-unit apartment building in Jersey City, in a deal arranged by Gebroe-Hammer Associates.

Government & Public Policy
Revival of iconic Paterson stadium on the horizon, with hometown developer at the helm

A plan to restore and reopen Paterson’s historic Hinchliffe Stadium is now within reach, as the project moves ahead under a team led by a hometown developer, in an effort that will also honor the site’s history as a Negro League baseball stadium. The mixed-use project could even become a focal point for redevelopment in Paterson, which has lagged behind other large New Jersey cities that have seen high-profile, public-private revitalization efforts.

People
Hampshire announces new hires for finance, accounting teams

The Hampshire Cos. has made several new hires this year as part of a plan to bolster its internal financial and accounting capabilities.

Residential & Mixed Use
Developers near completion of 242-unit rental project along Harrison waterfront

Three development firms with deep ties to Harrison are set to unveil their latest project in the town, as they prepare to deliver 242 luxury apartments along the Passaic River.

Residential & Mixed Use
Marcus: Investor acquires Ewing development site slated for 59 apartments

A private investor has purchased a multifamily development site in Mercer County, under a newly announced transaction by Marcus & Millichap.

Residential & Mixed Use
Gebroe-Hammer touts Q1 apartment sales totaling $490 million, spanning 4,000 units

Gebroe-Hammer Associates is off to a strong start in 2021, touting the sale of more than 4,000 apartments in the first quarter with a combined value of nearly $500 million.

Residential & Mixed Use
Investor acquires 200-unit loft portfolio in Trenton for $29 million

An investment and development firm has acquired a three-building, 200-unit collection of loft-style apartments in Trenton for nearly $30 million.

Residential & Mixed Use
JLL brokers $73 million sale of Connecticut rental property

A joint venture has sold a waterfront apartment building in Stamford, Connecticut, for $73 million, in a new transaction by JLL’s Morristown-based capital markets team.

Finance & Capital Markets
BBCP arranges $17 million in loans for Hudson County assets

An owner and developer has landed nearly $17 million in financing in connection with two sites in Hudson County, according to an advisory team with Black Bear Capital Partners.