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.

Finance & Capital Markets
Developer secures LIHTC financing for 84-unit Newark project, Day Pitney says

A developer is tapping into the federal Low Income Housing Tax Credit program as part of a planned 84-unit, mixed-income rental project in Newark, in one of several recent transactions announced by Day Pitney LLP.

Residential & Mixed Use
NJPAC, city leaders hail One Theater Square’s opening in downtown Newark

Stakeholders gathered Wednesday to mark the opening of a new 22-story residential tower in downtown Newark, the city’s first ground-up luxury high-rise in more than 50 years and the first tangible piece of a plan to develop the property around the New Jersey Performing Arts Center.

Residential & Mixed Use
Developers tout completion of 227-unit Aberdeen complex (SLIDESHOW)

BNE Real Estate Group and Highview Homes have completed their redevelopment of a site at the Aberdeen-Matawan train station, unveiling the final building in a 227-unit luxury rental community.

Residential & Mixed Use
Mill Creek opens new regional office in Jersey City

Mill Creek Residential has opened a new regional office in Jersey City, where it plans to support its continued growth in New Jersey and New York.

Residential & Mixed Use
HFF: Joint venture sells 240-unit rental property in Lawrenceville

An investment group has acquired a 240-unit apartment community in Lawrenceville, in a transaction arranged by brokers with HFF.

Government & Public Policy
Brownfields, historic tax credits in focus as Murphy addresses housing conference

New Jersey has “everything we need for our future success,” Gov. Phil Murphy said Tuesday, as he highlighted new proposals for tax credits tied to brownfield cleanups, historic rehabilitations and other policies meant to spur new affordable housing and economic growth.

Residential & Mixed Use
Extell launches leasing at new 151-unit Barnegat project

A developer has unveiled 151 age-restricted apartments at a mixed-use project in Barnegat, where it has also begun to welcome new retailers.

Residential & Mixed Use
Marcus: Montclair apartments trade for nearly $1.7 million

Two apartment buildings with a combined 12 units have changed hands in Montclair, following a transaction brokered by Marcus & Millichap.

Government & Public Policy
Murphy details plans to revamp Grow New Jersey, ERG programs

Amid his sweeping plan to spur a new wave of innovation in the state’s economy, Gov. Phil Murphy has offered a glimpse at what could come of the incentive programs that have helped bolster New Jersey’s commercial real estate market in recent years.

Finance & Capital Markets
Hackensack lender debuts new $1 million to $12 million loan program for real estate

Silver Arch Capital Partners has launched a new special loan program that it says will offer lower rates for income-producing real estate.