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
Malas acquires second parcel in Teaneck, eyeing 248-unit second phase of The Marq

Malas Development has closed on its acquisition of 2.5 acres in Teaneck, clearing the way for the second phase of a newly opened apartment building near Route 4.

Residential & Mixed Use
Hartz completes Cranford rental project, marking transformation of ex-office property

Hartz Mountain Industries has brought new life to another aging office property in New Jersey, delivering 250 apartments to a sprawling site near Cranford’s Hyatt Hills Golf Course.

Finance & Capital Markets
Kennedy Funding closes $8 million in land loans in two countries in 14 days

Kennedy Funding has closed four land loans totaling more than $8 million in recent weeks, including three outside its home state of New Jersey and a fourth in South America.

Residential & Mixed Use
New 42-unit apartment building in Plainfield on the market for sale, IPRG says

A developer has tapped Investment Property Realty Group to sell a newly completed, 42-unit apartment building across from NJ Transit’s Netherwood station in Plainfield.

Residential & Mixed Use
Kushner launches leasing at 307-unit luxury senior housing property in Fair Lawn

Leasing is underway at a collection of more than 300 upscale, age-restricted apartments in Fair Lawn as part of the latest addition to Kushner’s portfolio of new suburban rental properties.

People
Denholtz adds former Related executive Callahan as general counsel

Denholtz has added to its leadership team with the hiring of Jonathan Callahan, tapping the former Related Management Co. executive as its general counsel.

Finance & Capital Markets
KRE lands $90 million loan to refi 285-unit rental project in Marlboro, C&W says

KRE Group has closed on $90 million in financing for a new 285-unit luxury apartment community in Marlboro, brokers with Cushman & Wakefield announced Monday.

Residential & Mixed Use
Denholtz, local officials tout Bound Brook’s future as they unveil 143-unit rental building

Denholtz has opened the doors to a new 143-unit luxury apartment building in downtown Bound Brook, where it joins a growing stock of new rental housing steps from NJ Transit rail service.

Residential & Mixed Use
eXp: Buyer wanted for new 12-unit rental building along Jersey City’s Lincoln Park

The owner of a 12-unit luxury apartment building at the edge of a sprawling park in Jersey City has listed the property for sale, according to brokers with eXp Realty.

Finance & Capital Markets
Bayport closes $4.9 million loan for commercial-to-residential project in Elizabeth

The developer behind a plan to convert a historic commercial building in Elizabeth into 15 apartments has secured nearly $4.9 million in financing from Bayport Funding.