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
Buyer wanted for 232-unit luxury apartment complex outside Princeton, JLL says

A luxury apartment complex near Princeton is on the market with a projected sale price of around $90 million, providing an opportunity for investors in the supply-constrained submarket.

Finance & Capital Markets
G.S. Wilcox sources $50 million construction loan for Union rental project

A developer has secured nearly $50 million in financing to build another 266 luxury apartments at an existing site in Union, under a transaction arranged by G.S. Wilcox & Co.

Government & Public Policy
ACDEVCO, stakeholders secure $680,000 award for Atlantic City neighborhood plan

Business leaders have secured nearly $700,000 in state funding for Atlantic City’s Chelsea neighborhood, supporting everything from streetscape improvements to outdoor fitness classes.

Government & Public Policy
Developers join public officials, ex-baseball stars to hail Paterson stadium revival

A development team has broken ground on a long-awaited plan to revitalize and reopen Paterson’s historic Hinchliffe Stadium, joining a host of public officials and retired baseball stars to mark the start of the $94 million project.

Finance & Capital Markets
Saxum lands $47 million loan for Philadelphia rental project, JLL says

Saxum Real Estate has secured nearly $47 million in financing for a 297-unit multifamily project in Philadelphia, according to a Morristown-based debt placement team with JLL.

Residential & Mixed Use
Hopkins Group opens 40-unit rental project at historic Elks lodge in Journal Square

A developer has unveiled its latest project in Jersey City with the opening of 40 new loft apartments inside a historic Elks lodge building.

Retail
Bayoh opens new IHOP at mixed-use project in downtown Newark

A developer and restaurateur joined local officials last week to open a new IHOP in Newark, part of a mixed-use project that will also bring 84 apartments to the downtown.

Residential & Mixed Use
Developers tout leasing milestone at 338-unit rental project in Marlton

A joint venture has leased up the first phase of a 338-unit apartment project in the Marlton section of Evesham, part of an ongoing mixed-use development along Route 70.

People
NJBA installs Mann as 68th president alongside newest slate of board officers

The New Jersey Builders Association has installed its newest president, tapping a Millburn-based developer and attorney to help guide the organization in the year ahead.

Residential & Mixed Use
Journal Square apartment building trades for $25 million, Gebroe-Hammer says

An Ohio-based company has added to its New Jersey holdings with its recent purchase of a 94-unit apartment building in Jersey City, in a deal arranged by Gebroe-Hammer Associates.