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.

Top News
Arc Building Partners, Claremont open new joint headquarters in Morristown

A construction firm and a developer have unveiled their new joint office in Morristown, following a merger last year aimed at better positioning both businesses.

Residential & Mixed Use
Gebroe-Hammer touts $75 million in Hudson County apartment sales in June, July

A broker with Gebroe-Hammer Associates has kept active since the height of the COVID-19 outbreak, inking the sale of more than 200 units in Hudson County in June and July alone.

Finance & Capital Markets
Procida closes $52.5 million construction loan for 214-unit Hudson County project

A planned 214-unit apartment development in North Bergen is moving ahead with the help of a newly announced, $52.5 million construction loan by Procida Funding.

Residential & Mixed Use
Developer eyes launch of leasing at 421-unit rental project in Bogota

A developer is set to unveil more than 400 new luxury apartments in Bogota, touting a location along the Hackensack River and one that is minutes from the area’s vast highway network.

Finance & Capital Markets
JLL: Developer lands $116 million construction loan for Montvale redevelopment

A large mixed-use development at the site of the former Mercedes-Benz campus in Montvale is moving ahead with the help of a $116 million construction loan, according to brokers with JLL.

Top News
Kislak foundation pledges $1.1 million to Monmouth real estate program

The family of late real estate icon Jay Kislak has pledged more than $1 million to Monmouth University, continuing its longstanding support of the school’s real estate program.

Residential & Mixed Use
BonRenter brings security deposit solution to new Bergenfield apartment building

BonRenter, a firm that provides an alternative to cash security deposits, has brought its product to a new 62-unit apartment building in Bergenfield.

Residential & Mixed Use
Jersey City rental portfolio trades for $11 million, Marcus says

An apartment owner has sold a three-building, 64-unit portfolio in Jersey City for nearly $11 million, in a newly completed transaction by Marcus & Millichap.

Residential & Mixed Use
City native spearheading long-awaited redevelopment at Elizabeth transit site

A new mixed-use building will bring 267 upscale apartments and 36,000 square feet of office, restaurant and retail space to the corner of Union and West Grand streets in Elizabeth, the site of a long-vacant redevelopment parcel near an NJ Transit train station.

Finance & Capital Markets
JLL touts $34 million construction loan for North Haledon rental project

The team behind a 180-unit multifamily development in North Haledon has secured a $34 million construction loan for the project, according to a capital markets team with JLL.