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.

People
Saxum Real Estate announces new principals, promotions amid continued growth

By Joshua Burd Saxum Real Estate has announced two new principals and a series of promotions as the Summit-based developer and investment firm continues its growth nationally. The new principals include Chad DeBolt and Sean Gilbert, who both joined the…

Office
Joint venture rounds out redevelopment, unveils new luxury rentals in Jersey City

A development group has launched leasing at a collection of 238 luxury apartments in Jersey City, marking the final phase of a high-profile redevelopment effort.

Residential & Mixed Use
Developers, HMFA unveil 90-unit affordable housing project in Plainfield

A development team has taken the wraps off a new 90-unit affordable housing property in Plainfield, while bringing new life to what was a blighted commercial property.

Finance & Capital Markets
Investors Bank inks loans for Montclair, Lawnside apartments among recent activity

Investors Bank is touting the completion of more than $2 billion in commercial real estate lending volume in 2020, including continued financing of new construction and acquisitions.

People
Woodmont announces promotions in training, property management

Woodmont Properties has announced two new promotions tied to its expanded focus on training and career development.

Residential & Mixed Use
Iron Ore, AMJ eye start of 120-unit rental project in Plainfield after site acquisition

A joint venture is nearing the start of construction for a new 120-unit apartment building in Plainfield, in a project that will redevelop the site of a blighted industrial property.

Residential & Mixed Use
Kislak touts multifamily asset sales in northern, central New Jersey totaling $49 million

A developer has sold a Somerset County apartment property for $35 million, in the largest of several newly announced deals by The Kislak Co. Inc.

Residential & Mixed Use
LeFrak, Simon announce artist for lobby piece at new Jersey City residential tower

The LeFrak and Simon families have picked a local artist to design and execute a feature piece for a new luxury apartment tower in Jersey City’s iconic Newport neighborhood.

Top News
Mack-Cali names new CEO, as Gilmartin steps down as board chair

Mack-Cali Realty Corp.’s Harborside complex in Jersey City — Courtesy: Mack-Cali By Joshua Burd Mack-Cali Realty Corp. has named its new CEO, while announcing that MaryAnne Gilmartin has stepped down as board chair after leading the search for the new…

Residential & Mixed Use
Multifamily industry veteran joins FirstService high-rise division

FirstService Residential has named a new regional director in its high-rise division, bolstering its property management team along the northern New Jersey waterfront.