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
Russo touts fast start at newest multifamily project in Kearny

Russo Development is hailing continued success in Kearny, having leased 20 percent of its latest luxury apartment complex in the municipality.

Events
NAIOP honors deals of the year, industry icons as virtual gala marks 50th anniversary

The state’s commercial real estate community gathered virtually on Wednesday as NAIOP New Jersey honored a group of transformative projects and industry leaders, including the family of a developer who helped found the chapter a half-century ago.

Residential & Mixed Use
JMF touts new amenities at Denville townhome community

JMF Properties has completed a series of upgrades at a luxury townhome complex in Denville, seeking to accommodate residents who are spending more time at home.

Top News
A look at NAIOP New Jersey’s Deal of the Year finalists

Nine of the state’s most impactful development projects will take center stage Wednesday night as NAIOP New Jersey hosts its annual commercial real estate awards gala.

Residential & Mixed Use
Developers launch 137-unit rental project, expanding footprint in Jersey City neighborhood

A joint venture is preparing to unveil the next piece of a growing residential neighborhood in Jersey City, offering another 137 luxury apartments just south of the Hoboken border.

Government & Public Policy
NJAA: Landlords, renters need further support from federal and state governments

The New Jersey Apartment Association is renewing calls for additional assistance to both renters and landlords, as highlighted by the recent national eviction moratorium by the federal government and continued discussions among state policymakers.

Residential & Mixed Use
Prism: Hoboken ‘Wonder Lofts’ condo, apartment project slated for June 2021 delivery

Prism Capital Partners is eyeing a June completion date for its conversion and restoration of a historic Wonder Bread factory in Hoboken, where it will deliver 89 new residential units.

Government & Public Policy
Brogan: Apartment owners still facing economic, legislative concerns as health crisis continues

With New Jersey’s coronavirus crisis entering its seventh month, the state’s apartment industry still faces a long list of challenges amid legislative efforts to address the economic fallout. Real Estate NJ connected with David Brogan, the executive director of the New Jersey Apartment Association, who weighed in on everything from rent collections to state and federal policy proposals that he believes would have dire financial consequences for landlords.

Finance & Capital Markets
Spencer closes loan for 31-unit rental building in Union County

The owner of a 31-unit apartment building in Union County has secured financing, in a newly completed transaction by Spencer Savings Bank.

Residential & Mixed Use
CBRE inks multifamily sales in Bound Brook, North Brunswick

Two central New Jersey apartment properties have changed hands for a combined $4.8 million, in a set of newly announced transactions by CBRE.