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.

Professional Spotlight

MSW names new counsel in commercial real estate, finance groups

Murphy Schiller & Wilkes LLP has added a veteran attorney to its growing commercial real estate and finance practice groups, the Newark-based firm announced.

Finance & Capital Markets

Joint venture lands $88 million acquisition loan for Somerset apartment deal

A joint venture has secured $88 million in financing for its acquisition of a 384-unit luxury multifamily property in the Somerset section of Franklin, according to JLL.

People

Sommer joins Kushner Cos. as executive VP for development, construction

A veteran development executive has joined Kushner Cos., bolstering its team as the firm continues to grow its pipeline in the region and throughout the East Coast.

Residential & Mixed Use

East Rutherford apartments more than two-thirds leased, developers say

A joint venture has leased more than two-thirds of a new 208-unit luxury rental complex in East Rutherford, citing continued demand for suburban apartments in the midst of the pandemic.

Residential & Mixed Use

East Orange, Irvington apartments change hands for $92.5 million

A joint venture has reaped more than $90 million from the sale of 702 apartments across two dozen buildings in Essex County, according to brokers with Marcus & Millichap.

Residential & Mixed Use

PEEK Properties launches leasing at 39-unit apartment building in East Orange

PEEK Properties has launched leasing at its new 39-unit apartment building in East Orange, the latest addition to an area near the city’s main business district and its Brick Church train station.

Residential & Mixed Use

Joint venture hails latest leasing milestone at Hoboken rental building

Bijou Properties is touting a strong finish to 2020 at its recently developed, 424-unit luxury apartment building in western Hoboken.

Government & Public Policy

Murphy signs $14 billion incentive package

Gov. Phil Murphy has signed into law a bill that would create a seven-year, $14 billion package of tax incentives for key businesses and development projects in the state.

Residential & Mixed Use

Kamson acquires 23-unit Morristown apartment building, Kislak says

The Kamson Corp. has expanded its apartment portfolio with the acquisition of a 23-unit building in Morristown, in a transaction arranged by The Kislak Co. Inc.