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
Investment firm buys new South Orange apartment building for $9.3 million

A privately held firm has added to its portfolio with the purchase of a recently developed, 22-unit apartment building in downtown South Orange.

Residential & Mixed Use
Twelve-building, 240-unit apartment complex near Princeton on the market for sale

The owner of a 240-unit luxury apartment complex in Mercer County is seeking a buyer for the property, in a newly announced offering by JLL’s New Jersey capital markets team.

Residential & Mixed Use
Bogota apartments nearly 75 percent leased, with more than 200 units rented

The developer of a new luxury apartment complex in Bogota has opened a third building to prospective renters, having leased nearly 200 units at the riverfront property.

Residential & Mixed Use
Colliers touts sale of 200 apartments spanning Bergen, Gloucester counties

A five-building, 156-unit apartment portfolio in Bergen County is under new ownership, following a transaction arranged by Colliers International.

Residential & Mixed Use
Morristown: Developer hits new leasing milestone at 58-unit apartment building

PCD Development has nearly completed its lease-up of a 58-unit luxury apartment building in Morristown, working alongside agents with Coldwell Banker New Homes.

Roundtable
What will be the pandemic’s longest-lasting impact(s) on New Jersey’s multifamily sector?

We assembled a panel of industry experts to tackle this month’s question. Here’s what they had to say.

Residential & Mixed Use
Three-property, 113-unit rental portfolio in East Orange trades for $15 million

A private investor has acquired a 113-unit apartment portfolio in East Orange for nearly $15 million, under a newly announced transaction by Gebroe-Hammer Associates.

Finance & Capital Markets
Progress sources $76 million loan package for Maryland multifamily deals

A locally based investor has secured $76 million in financing for two multifamily acquisitions outside Baltimore, in a transaction arranged by Progress Capital.

Finance & Capital Markets
Kennedy Funding lends $2.5 million to Denver-area homebuilder

Kennedy Funding has closed a nearly $2.5 million loan to the developer of what will be 149 single-family homes at a tract outside Denver, Colorado.

Residential & Mixed Use
Investment manager sells 214-unit apartment property in Bergen County, CBRE says

A buyer has expanded its New Jersey portfolio with the addition of a 214-unit luxury apartment complex in Westwood, in a newly announced deal by CBRE.