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
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.

Residential & Mixed Use
Investment group sells 136-unit senior housing site in Sayreville for $28 million

An investment firm has announced the sale of a new two-building, 136-unit senior housing complex in Sayreville for $28 million.

Government & Public Policy
FMERA issues requests for proposals to redevelop 82-acre Fort Monmouth parcel

State officials are now accepting proposals for a key parcel at Fort Monmouth, touting an opportunity to redevelop more than 80 acres at the gateway of the historic property.

Residential & Mixed Use
Developer unveils first phase in redevelopment of ex-GM site in Ewing

A developer has unveiled the first piece of a project to bring more than 1,000 apartments and commercial space to the former site of a General Motors plant in Mercer County.

Residential & Mixed Use
New boutique rental building in Morristown hits 95 percent leased

A leasing team has all but filled a new 54-unit luxury apartment building in Morristown, citing its downtown location and a host of stylish amenities.

Finance & Capital Markets
Capodagli lands $65 million loan for 325-unit rental project, Greystone says

Capodagli Property Co. has secured a $65 million construction loan for a planned 325-unit multifamily project in Union County, in a newly announced transaction by Greystone.