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.

Finance & Capital Markets
Bergenfield garden apartment complex owner lands $11.1 million loan, Cronheim says

Cronheim Mortgage has secured $11.1 million in financing for the owner of a 150-unit apartment complex in Bergenfield, the Chatham-based brokerage firm announced.

Residential & Mixed Use
Diversified, North Jersey Builders complete 35-unit rental building in East Rutherford

A joint venture has taken the wraps off a new 35-unit luxury apartment building in East Rutherford, with plans to welcome its first residents next month.

Finance & Capital Markets
Parkview lends $61 million for 282-unit condo project in Port Imperial

A developer seeking to build more than 280 waterfront condominiums in Weehawken has landed $61 million in financing, in a newly completed transaction by Parkview Financial.

Residential & Mixed Use
Newark: Developer of 270-unit rental tower lands PILOT, plans groundbreaking this year

The developer of a 270-unit apartment tower in Newark is eyeing a groundbreaking later this year after city officials approved a 30-year tax abatement for the project.

Government & Public Policy
Greenbaum Rowe attorney tapped for newly created NJBA redevelopment counsel post

The New Jersey Builders Association has tapped a partner with Greenbaum, Rowe, Smith & Davis LLP for the newly created position of redevelopment counsel.

Residential & Mixed Use
Developers tout fast start at Long Branch condo project (SLIDESHOW)

A development group has launched preconstruction sales at a collection of more than two dozen luxury homes along the Long Branch waterfront.

People
Kokes Properties hires Rutgers grad, former intern as development associate

Kokes Properties has added to its growing team with the hiring of a development associate.

Finance & Capital Markets
JLL makes two promotions on New Jersey capital markets team

JLL has announced two promotions within its New Jersey capital markets office.

Finance & Capital Markets
Jersey City apartment developer lands $30 million construction loan, Progress Capital says

A developer has secured a $30 million construction loan to complete a 99-unit apartment building in Jersey City, in a newly announced transaction by Progress Capital.

Finance & Capital Markets
Cronheim inks $7.75 million loan for 25-unit project in Jersey City Heights

A first-time multifamily builder has landed nearly $8 million in financing for a 25-unit project in The Heights section of Jersey City, under a deal arranged by Cronheim Mortgage.