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.

Retail
Pierson secures listings for retail properties in Old Bridge, Montgomery

Pierson Commercial has picked up two new leasing assignments in central New Jersey, including a mixed-use project in Middlesex County and a Princeton-area shopping center.

Professional Services
Diversified expands property management unit to serve third-party owners

Diversified Properties LLC has launched a third-party property management division, seeking to leverage its in-house team and experience for clients across a range of asset classes.

Residential & Mixed Use
Sena, Cortell launch $124 million rehab of 304-unit Trenton affordable housing property

A joint venture has kicked off a sweeping $124 million project to modernize and preserve a two-building, 304-unit affordable housing property in downtown Trenton.

Residential & Mixed Use
Kislak brokers sale of 28-unit Belleville rental property to longtime client

A seven-building, 28-unit apartment property in Belleville has changed hands for $4.7 million, in a newly announced deal by The Kislak Co. Inc.

Residential & Mixed Use
Malas Development set to unveil upscale outdoor amenities at The Marq Teaneck

Residents are flocking to a new 256-unit luxury apartment building in Teaneck, where they’ll soon have their first look at the property’s vast outdoor amenity spaces.

Residential & Mixed Use
Walters completes lease-up of new 34-unit affordable housing property in Ocean County

Walters has filled a new four-building, 34-unit affordable housing community in the Manahawkin section of Stafford Township, the developer announced last week.

Residential & Mixed Use
JLL: Russo, KRE close on Bergen Town Center parcel for 426-unit apartment project

Urban Edge Properties has completed its sale of a parcel at Bergen Town Center in Paramus, paving the way for a new 426-unit multifamily project by Russo Development and KRE Group.

Residential & Mixed Use
Cannon Hill, Hampshire tap Sparrow as property manager at Hackensack rental building

Cannon Hill Capital Partners and The Hampshire Cos. have picked Sparrow Management as the new property manager at an 82-unit luxury apartment building in Hackensack.

Residential & Mixed Use
‘The Journal’ takes center stage at Jersey City Summit as Kushner team discusses landmark 1,723-unit project

The team behind one of New Jersey’s largest-ever residential projects took the stage at the Jersey City Summit to discuss the project’s pending completion, its impact on the resurgent Journal Square neighborhood and what’s still to come for the surrounding blocks.

Finance & Capital Markets
Capodagli secures $80 million bridge loan from Greystone for 325-unit Roselle Park project

Greystone has provided an $80 million bridge loan to Capodagli Property Co. for the developer to refinance a 325-unit apartment building in Roselle Park.