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
Clifton approves zoning for ‘limited’ retail uses at Prism’s ON3 campus

Prism Capital Partners has secured another key entitlement for its ON3 campus, allowing it to bring uses such as restaurants and small shops to the Clifton portion of the property.

Finance & Capital Markets
Kennedy Funding inks $3 million land loan, using Caribbean parcel as collateral

Kennedy Funding has closed $3 million in financing to the owner of a private residential development site in the Hamptons.

Government & Public Policy
Murphy signs bill to end eviction ban, providing new protections for renters

Gov. Phil Murphy on Wednesday took a key step toward phasing out the state’s moratorium on residential evictions, signing a bill to do so while providing relief to both renters and landlords.

Residential & Mixed Use
Marcus: Asbury Park lot zoned for 80 apartments trades for $2.2 million

A private investor has acquired an approved multifamily development site in Asbury Park for more than $2 million, brokers with Marcus & Millichap announced Wednesday.

Residential & Mixed Use
Kislak announces apartment, mobile home sales totaling $9 million

A collection of 88 apartments and mobile homes in New Jersey have sold for more than $9 million in total, in a series of transactions announced by The Kislak Co. Inc.

Residential & Mixed Use
Investor acquires East Brunswick development site, eyes 96-unit rental project

An investment firm has acquired a seven-acre development site in East Brunswick, where it plans to build nearly 100 new apartments about a mile from Route 18.

Residential & Mixed Use
Builder acquires Hackensack parcels, securing approvals for 224 apartments, NAI Hanson says

A construction firm has closed on four adjacent parcels in downtown Hackensack, having secured approvals to build 224 new apartments with ground-floor retail space.

Finance & Capital Markets
Progress inks $20 million construction loan for new luxury rentals in East Orange

The developer of a new 119-unit luxury apartment building in East Orange has landed nearly $20 million in financing, according to a debt advisory team with Progress Capital.

Residential & Mixed Use
Tolls Bros. debuts first homes at redeveloped ex-A&P headquarters site in Montvale

Toll Brothers has unveiled the first pieces of a new luxury residential community in Montvale, where it’s redeveloping the site that once housed A&P’s corporate headquarters.

Residential & Mixed Use
Value Cos. plans 104-unit addition to vast apartment complex in Randolph

Value Cos. is set to break ground on the final piece of a sprawling apartment complex in Morris County, with plans to add 104 homes to a property that already has some 900 units.