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
Developer, HMFA unveil 184-unit apartment complex in North Brunswick

Community Investment Strategies has completed its rehabilitation of a North Brunswick apartment complex, delivering 184 new units that will serve as affordable housing.

Finance & Capital Markets
Somerville: HFF inks $13.25 million refi for 69-unit rental complex

The developer of a new 69-unit high-end apartment building in Somerville has refinanced the property for $13.25 million, brokers with HFF announced Wednesday.

Professional Services
Walsh joins Advance as managing director for development, construction

Advance Realty Investors has hired longtime industry executive Tom Walsh, who will help oversee development and construction for its fast-growing portfolio and for third parties.

Residential & Mixed Use
Capital Realty closes multifamily sales in Middlesex, Essex counties

Apartment buildings in Perth Amboy and Orange have changed hands among private investors, under a set of newly announced transactions by Capital Realty Associates.

Retail
Paramount, 7-Eleven debut new location at historic rehab project in Newark

Paramount Assets has inked another lease with 7-Eleven, bringing the convenience store chain to its new mixed-use William Flats project in downtown Newark.

Residential & Mixed Use
Investment sales in Belleville, Bloomfield net $5.1 million, Kislak says

Four properties in Essex County have changed hands for a combined $5.135 million, following a set of transactions brokered by The Kislak Co. Inc.

Residential & Mixed Use
Progress Capital inks $23.4 million refi at 96-unit building in Union City

The developer of a new 96-unit apartment building in Union City has landed more than $23 million in permanent financing, in a transaction arranged by Progress Capital.

Finance & Capital Markets
Owner of 516-unit portfolio in Little Ferry refis for $44 million

The owner of three multifamily properties in Little Ferry has refinanced the portfolio for more than $44 million, capital markets firm Northmarq announced Thursday.

Professional Services
Commercial real estate clients have helped fuel growth of Red Bank branding, marketing firm

Splendor Design Group will celebrate its 20th anniversary in business in August — and it has grown in recent years thanks in large part to the commercial real estate sector. Five years ago, Taylor said, real estate companies accounted for 20 percent of its total clientele. Today, 60 percent of its customer roster comes from commercial real estate — with clients including SJP Properties, Onyx Equities, Langan and J&L Cos. Those clients have turned to Splendor Design for a major injection of energy into their branding and marketing efforts.

Residential & Mixed Use
Kislak inks sale of 106 units in Cranford, Roselle

An investor has acquired a 46-unit apartment complex in Cranford for $11.3 million, in the largest of three newly announced transactions by The Kislak Co. Inc.