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
Petrucci touts start of 172-unit rental project in East Orange amid continued pipeline growth

J.G. Petrucci Co. Inc. has kicked off a project that will bring 172 apartments to East Orange, seeking to tap into a location just north of Interstate 280 and a commuter train station.

Finance & Capital Markets
Madison closes loans for Short Hills, North Bergen properties

A private equity firm has expanded its reach in the New Jersey commercial real estate sector, announcing a $35 million loan for a two-building office portfolio in Essex County.

Residential & Mixed Use
NJPAC details plans for $150 million expansion, transformation of Newark campus (SLIDESHOW)

A long-awaited plan to expand the New Jersey Performing Arts Center campus in Newark — with new residential, commercial and cultural space — is slated to break ground next year.

Finance & Capital Markets
J&L lands $94 million construction loan for long-awaited, 403-unit project in Newark

The developer of a 12-story, 403-unit apartment complex in Newark’s Ironbound section has secured $94 million in financing, in a newly announced transaction by Greystone.

Residential & Mixed Use
Developers launch construction for 56-unit affordable housing property in Irvington

A development team has broken ground on a 56-unit apartment building in Irvington that will serve low- and moderate-income renters and residents with special needs.

Government & Public Policy
NJAA lauds passage of bill to end state’s eviction moratorium

A bill that would wind down New Jersey’s moratorium on residential evictions is headed for Gov. Phil Murphy’s desk, drawing cheers from many landlords after months of uncertainty.

Finance & Capital Markets
Procida marks payoff of $19 million construction loan, as 122 micro-units open in Jersey City

An area lender is touting the completion of 122 micro-apartments in Jersey City, thanks in part to nearly $19 million in construction financing.

Government & Public Policy
Bill to end eviction ban, with additional protections, slated for vote by full Legislature

A bill that would end New Jersey’s eviction ban later this summer while still providing protections to many apartment renters is poised for a full vote in the state Legislature.

People
Hampshire deepens leadership team with new promotions

The Hampshire Cos. has promoted a dozen employees, continuing its efforts to foster professional development from within the organization.

Residential & Mixed Use
Leasing underway at 452-unit apartment high-rise, second of two towers in Jersey City

A developer has launched preleasing at a second 45-story apartment tower in Jersey City, part of a project that has brought 900 upscale homes to a growing waterfront neighborhood.