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.

Events
G.S. Wilcox touts $44 million in out-of-state loans for commercial, multifamily assets

G.S. Wilcox & Co. has arranged five new out-of-state loans on behalf of its clients, including $18 million in financing for the owner of a Long Island shopping center.

Residential & Mixed Use
Larken secures approval, plans 254 apartments at former office project site in Readington

Larken Associates has secured a local approval to build 254 luxury apartments along Route 22 in Readington, the site of what was once slated to be a professional office campus.

Residential & Mixed Use
Developer eyes launch of leasing at 276-unit rental project in Somerset County

Accurate Builders & Developers is nearing completion of a new 276-unit multifamily project just steps from NJ Transit rail service in Somerset County, the firm announced Tuesday.

Finance & Capital Markets
Hoboken apartment owner refinances for $22 million, JLL says

The owner of a two-building, 50-unit apartment property in Hoboken has secured nearly $22 million in financing, in a transaction arranged by JLL.

Finance & Capital Markets
Lee & Associates New Jersey inks $12.5 million construction loan for Orange project

Lee & Associates New Jersey has arranged a $12.5 million construction loan for a 51-unit multifamily project in Orange, the brokerage firm announced Monday.

Residential & Mixed Use
Ridgefield Park rental portfolio trades for $7.8 million, Marcus says

A private investor has acquired a 45-unit apartment portfolio in Ridgefield Park for nearly $8 million, in a newly announced transaction by Marcus & Millichap.

Professional Services
McManimon Scotland adds to redevelopment law practice group

McManimon, Scotland & Baumann LLC has made an addition to its commercial real estate team, one of five new hires for the Roseland-based law firm.

Residential & Mixed Use
Developer breaks ground on 51-unit rental project in Orange

A development team has broken ground on a 51-unit apartment building in Orange, seeking to revitalize a long-vacant parcel at the southern edge of the city.

Residential & Mixed Use
Gebroe-Hammer inks sale of 1,030 apartments in September, October

Gebroe-Hammer Associates is touting the recent completion of multifamily asset sales valued at $164 million, with momentum expected to continue in New Jersey through the end of 2020.

Residential & Mixed Use
Construction underway at 185-unit luxury rental project in Little Falls

A developer has kicked off construction at a new 185-unit multifamily complex in Little Falls, seeking to capitalize on a location near mass transit and minutes from area highways.