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.

In spite of it all

It was a busy spring, surprisingly so, and I know many of you would agree. I’ve seen it firsthand in the lease and sale announcements that have continued to hit my inbox these last three months, with many of them offering praise to the parties involved for getting the deal done in the midst of “challenging economic times” or “uncertain market conditions.” I know full well that much of the industry is still hurting. We won’t lose sight of that. But we will take the opportunity to highlight some of the positive things that are happening in spite of the pandemic.

Hekemian & Co. debuts 254 apartments in downtown Hackensack

Hekemian & Co. has unveiled a new 254-unit residential building in Hackensack, the latest addition to the city’s growing stock of luxury apartments.

JLL secures $12 million credit facility for apartment owner

The owner of four multifamily properties in the region has landed a $12 million credit facility, under a transaction arranged by JLL’s Morristown-based capital markets team.

Woodmont names new director of human resources

Woodmont Properties has added to its leadership ranks with the hiring of a veteran human resources director.

Upscale Asbury Park hotel set to reopen after COVID shutdown

A luxury hotel along the Asbury Park waterfront is set to reopen after being closed due to the coronavirus outbreak.

Hornrock unveils 62-unit rental property in Bergen County

Hornrock Properties has opened the doors to a 62-unit luxury apartment building in Bergenfield, touting the ongoing growth and revitalization of the Bergen County borough.

C&W inks sale of Woodbridge redevelopment site to Russo, Onyx

Russo Development and Onyx Equities have closed on a 21-acre parcel in Woodbridge, clearing the way for a project that will add 376 apartments and new retail space to the township.

Tantleff, Manicone primed to play key roles as NJBA officers

As the housing industry looks to move beyond the coronavirus crisis, two female executives are poised to play prominent roles as board members of the New Jersey Builders Association.

LeFraks donate $100,000 to Jersey City hospital foundation for COVID relief

The LeFrak family has contributed $100,000 to the Jersey City Medical Center Foundation to support the hospital’s growing needs in the face of the COVID-19 pandemic.

Sterling, Willton unveil 208-unit apartment complex in East Rutherford

A development team has launched leasing at a collection of more than 200 upscale apartments in East Rutherford.