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
Developer secures construction loan for 50-unit rental project in Orange

PEEK Properties has landed a nearly $10 million construction loan for a 50-unit multifamily project in Orange, the first piece of a three-phase development in the municipality.

Residential & Mixed Use
Kislak inks $16.4 million sale of age-restricted complex in Hamilton

A large multifamily owner has expanded its portfolio in the state, acquiring 75 units and an adjacent development site at an active adult community in Hamilton.

Residential & Mixed Use
Ironstate, Brookfield announce three retail, medical leases at Montclair project

A joint venture has signed its first three commercial tenants at a soon-to-be-completed, mixed-use project in downtown Montclair, inking leases with an arts education school, an indoor rock-climbing gym and a well-known health care provider.

Residential & Mixed Use
Mixed-use building in Hudson County trades for $1.3 million, Marcus says

A private investor has acquired a mixed-use property in Union City for more than $1.3 million, under a newly announced transaction by Marcus & Millichap.

Residential & Mixed Use
Plainfield planning board approves new apartment projects, Taylor Architecture says

An architecture firm is touting approval by Plainfield’s planning board of two projects that would bring another 24 apartments to the city.

Finance & Capital Markets
Progress inks $16 million construction loan for Bronx project

The developer of a 53-unit, mixed-income residential project in the Bronx has secured a $16 million construction loan, in a transaction arranged by Progress Capital.

Policy Page
A mid-pandemic snapshot of the CRE industry

While there has been some gradual improvement in commercial real estate deal activity from earlier this year, nearly half of those taking part in a recent NAIOP survey believe the pandemic will significantly affect their business operations for at least another 12 months.

Finance & Capital Markets
CBRE: South Orange apartment building refinances for $14 million

The owner of a 66-unit apartment building in South Orange has refinanced for $14 million, brokers with CBRE announced Wednesday.

Finance & Capital Markets
Apartment owner refinances for $140 million, extending affordable housing subsidy

The owner of a 688-unit apartment complex in West New York has closed on a $140 million loan that will allow it to operate the property as affordable housing for another four decades.

Residential & Mixed Use
Kokes names new construction manager for New Jersey pipeline

Kokes Properties has hired a construction industry veteran as the latest addition to its in-house development team in New Jersey.