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
Mack-Cali to acquire new Jersey City apartment complex, Metropark office tower

Mack-Cali Realty Corp. is in talks to acquire one of Jersey City’s newest luxury residential properties while adding to its office holdings in the Metropark submarket, the latest among several transactions announced Thursday by the real estate investment trust.

Residential & Mixed Use
Gebroe-Hammer bullish on 2019 after $1.1 billion year

Gebroe-Hammer Associates is touting more than $1 billion in completed transactions in 2018, setting up for what it says will be a fruitful year for multifamily investment sales.

Residential & Mixed Use
Bijou promotes development exec, eyes expansion into Montclair and Morristown

Bijou Properties has announced a key promotion within its ranks as part of a plan to expand beyond its hometown of Hoboken and into markets such as Montclair and Morristown.

Residential & Mixed Use
AvalonBay details plans for mixed-use, $300 million project at Princeton Junction (VIDEO)

A plan that would bring 800 residential units, a hotel and an upscale retail plaza to the Princeton Junction train station in West Windsor is set to move forward in the coming months, setting a path for one of the state’s largest and most anticipated redevelopment projects.

Residential & Mixed Use
Investment group acquires 30-unit rental property in Hoboken (UPDATED)

A joint venture has closed on its second Hoboken apartment building in the last six months, acquiring a 30-unit property in the city for $15.5 million.

Professional Services
Donnelly touts build-out, opening of shooting range concept in Wayne

Donnelly Construction has completed an overhaul of a former restaurant space in Wayne, where an upscale, indoor firing range has opened for business.

Government & Public Policy
Morris: Edgewood residents hurt by government shutdown can defer rent payments

Edgewood Properties is doing its part to help those impacted by the partial government shutdown, allowing federal employees who live at its buildings to defer their rent payments. In the process, it hopes other apartment operators will follow suit.

Government & Public Policy
Incentives: A look at Murphy’s plans to streamline, cap subsidy programs

Gov. Phil Murphy detailed his plans to update the state’s incentive programs, speaking Wednesday during an event in Jersey City. — Courtesy: Edwin J. Torres/Governor’s Office By Joshua Burd After lashing out at New Jersey’s high-profile tax credit incentives, Gov.…

Residential & Mixed Use
One Wall Partners acquires 159-unit rental complex in Rahway

An investment and management firm has expanded its portfolio with the purchase of a 159-unit apartment complex in downtown Rahway, in a transaction brokered by HFF.

Finance & Capital Markets
Progress inks $10 million loan for Brick apartment developer

The developer of a 44-unit apartment building in Brick has landed a $10 million loan for the project, under a transaction arranged by Progress Capital.