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.

Finance & Capital Markets
Citizens to acquire Investors Bancorp for $3.5 billion

Citizens Financial Group Inc. has agreed to acquire Investors Bancorp Inc., the Short Hills-based lender and a major player in recent years in New Jersey commercial real estate finance.

Residential & Mixed Use
Gebroe-Hammer rides multifamily momentum, inks $917 million in first-half sales

Investor demand for New Jersey apartments has only intensified, fueling nearly $1 billion in multifamily sales by Gebroe-Hammer Associates in the first half of 2021.

Residential & Mixed Use
C&W inks sale of 21-unit Newark apartment building

A private buyer has paid more than $2.1 million for a 21-unit apartment building in Newark, under a deal arranged by Cushman & Wakefield.

Residential & Mixed Use
JLL: Buyer wanted for 632-unit luxury rental property near Princeton

A collection of more than 630 apartments just outside Princeton is on the market for sale, with the potential to command offers around $200 million.

Finance & Capital Markets
Jersey City apartment owner secures $43 million bridge loan, JLL says

The owner of a newly completed, 104-unit luxury apartment building in Jersey City has secured a $43 million bridge loan, under a transaction arranged by JLL.

Residential & Mixed Use
Affordable housing development expert joins Hoboken-based consulting firm

A consulting firm focused on affordable housing has named a new senior vice president.

Residential & Mixed Use
Developers eye debut of new luxury apartments in Old Bridge

A joint venture is nearing completion of a new luxury apartment complex in Old Bridge, seeking to lure renters with a long list of amenities and access to a host of nearby highways.

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.