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
AvalonBay sells 384-unit complex in Somerset, JLL says

AvalonBay Communities Inc. has sold a 384-unit luxury multifamily complex in the Somerset section of Franklin, under a newly announced transaction by JLL.

Residential & Mixed Use
Kislak: Developer buys Long Branch assemblage, plans oceanfront rental project

A developer is planning to build 109 luxury apartments in Long Branch after acquiring nearly two acres of oceanfront property in the city, according to The Kislak Co. Inc.

Finance & Capital Markets
Cole Schotz advises on $90 million loan for Harrison development

An investment firm has closed nearly $90 million in financing for the development of a large mixed-use project in Harrison, according to a legal team with Cole Schotz PC.

Residential & Mixed Use
PRC Group, local officials working to advance long-awaited redevelopment in Hightstown

PRC Group is moving ahead with a plan to transform a historic former rug mill complex in Hightstown, where it hopes to build 386 luxury apartments and townhomes through both ground-up construction and the adaptive reuse of two large industrial buildings.

Residential & Mixed Use
BonRenter brings security deposit solution to Hudson County rental building

BonRenter, a firm that provides an alternative to cash security deposits, has brought its offering to a 60-unit apartment building in Hudson County.

Residential & Mixed Use
FirstService expands Gold Coast portfolio with Edgewater condo assignment

The owners of a 120-unit condominium building in Edgewater have selected FirstService Residential to manage the property.

Cover Story
Connell looks to build community hub, workplace of the future at Berkeley Heights office park

Connell Real Estate & Development Co., the developer and longtime owner of Connell Corporate Park in Berkeley Heights, is in the midst of a sweeping, $400 million improvement and expansion of the 185-acre property, one that will create new apartments, restaurants, entertainment and urban-style park space by 2023.

Residential & Mixed Use
PCD welcomes first residents to new Morristown apartment building

A boutique apartment building in Morristown has welcomed its first residents, following the launch of leasing in early October.

Residential & Mixed Use
Sales underway at 14-story condo building in Hudson County

The developer of a 70-unit condominium building in North Bergen has launched sales at the property, with occupancy slated for late winter or early spring.

Events
Reinhart to receive leadership award at New Jersey Future awards program

One of the state’s top organizations for smart growth and planning advocacy is set to honor its longtime chair and the former director of Monmouth University’s Kislak Real Estate Institute.