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
Redwood: Multifamily trades in Middlesex, Sussex total $22.5 million

A new 80-unit, age-restricted rental property in Sayreville has changed hands for $13 million, in one of two recent multifamily transactions by Redwood Realty Advisors.

Residential & Mixed Use
FirstService adds property management assignment in Burlington Co.

FirstService Residential has expanded its portfolio in southern New Jersey with a new property management assignment at a condominium community in Evesham Township.

Residential & Mixed Use
Investors wanted for 288-unit Carteret apartment complex, HFF says

Brokers with HFF are seeking a buyer for a 288-unit apartment complex in Carteret, touting the property’s below-market rents and the opportunity for value-add upgrades.

Residential & Mixed Use
Developers eye fall opening for 144-unit project at NJCU site in Jersey City

A joint venture is marching toward a fall opening for 144 new apartments on the west side of Jersey City, the latest piece of a plan to reshape the campus of New Jersey City University.

Residential & Mixed Use
Toronto developer details 500-unit, mixed-use project in Jersey City

A developer has taken the wraps off a project that would add 500 residential units and 50,000 square feet of retail and gallery space to Jersey City’s Journal Square neighborhood.

Finance & Capital Markets
Englewood Cliffs lender inks $1.35 million loan for Florida rental building

Kennedy Funding has closed a $1.35 million loan for the owner of a 12-unit apartment building about an hour north of Miami, the Englewood Cliffs-based lender announced.

Residential & Mixed Use
Equity Residential expands in Jersey City, acquires 131-unit rental building

Equity Residential has acquired a 131-unit apartment community in Jersey City’s waterfront Paulus Hook neighborhood, brokers with Cushman & Wakefield said Monday.

Finance & Capital Markets
Progress inks $21 million refi loan for Jersey City multifamily owner

The owner of 11 multifamily buildings in Jersey City has obtained a $21 million loan to refinance the portfolio, in a transaction arranged by Progress Capital.

Finance & Capital Markets
KRE, National ink $258 million loan for Journal Squared phase two

Kushner Real Estate Group and National Real Estate Advisors LLC have closed on $258 million in construction financing for the second phase of Journal Squared, their high-profile mixed-use development in Jersey City’s historic Journal Square neighborhood.

Editor’s Note
New year, new optimism

Among those of you who shared your predictions for 2019, the worst thing I heard was “I’m not sure yet.” And if uncertainty is the worst thing we have in the year ahead, I think we’re well-equipped to take our chances. In the interim, we’re thrilled to begin our third full year of Real Estate NJ, the only New Jersey-based publication dedicated exclusively to commercial real estate.