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
Gebroe-Hammer touts Q1 apartment sales totaling $490 million, spanning 4,000 units

Gebroe-Hammer Associates is off to a strong start in 2021, touting the sale of more than 4,000 apartments in the first quarter with a combined value of nearly $500 million.

Residential & Mixed Use
Investor acquires 200-unit loft portfolio in Trenton for $29 million

An investment and development firm has acquired a three-building, 200-unit collection of loft-style apartments in Trenton for nearly $30 million.

Residential & Mixed Use
JLL brokers $73 million sale of Connecticut rental property

A joint venture has sold a waterfront apartment building in Stamford, Connecticut, for $73 million, in a new transaction by JLL’s Morristown-based capital markets team.

Finance & Capital Markets
BBCP arranges $17 million in loans for Hudson County assets

An owner and developer has landed nearly $17 million in financing in connection with two sites in Hudson County, according to an advisory team with Black Bear Capital Partners.

Professional Services
Clarke Caton Hintz announces seven promotions, including new associate principals

Design and planning firm Clarke Caton Hintz has named two new associate principals among seven recent promotions.

Finance & Capital Markets
Kokes inks $19 million construction loan for Riverside rental project

Kokes Properties has secured more than $19 million in financing for the first phase of a 190-unit residential project in the Burlington County township of Riverside.

Finance & Capital Markets
Prism lands permanent financing for 330-unit adaptive reuse project in West Orange

Prism Capital Partners has secured new financing for its high-profile adaptive reuse project in West Orange, the site of more than 330 new homes and ground-floor retail space.

Finance & Capital Markets
Kennedy Funding closes loan for ambitious Albany redevelopment

Kennedy Funding has closed $850,000 in financing to the developers of a four-building, mixed-use project in Albany, New York, the Englewood Cliffs-based lender announced last week.

Residential & Mixed Use
Claremont eyes debut of 240-unit apartment community in Park Ridge (SLIDESHOW)

Claremont Development is set to unveil a new 240-unit luxury multifamily project in Park Ridge, offering a downtown location and immediate access to the borough’s train station.

Finance & Capital Markets
NorthMarq inks $51 million to refinance Middlesex County rental complexes

The owner of a 184-unit apartment complex in Sayreville has refinanced for $27 million, in the largest of three newly announced transactions by NorthMarq.