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.

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.

Residential & Mixed Use
Gebroe-Hammer inks $32.6 million sale of Woodmont property in Bridgewater

Woodmont Properties has sold a 100-unit apartment complex in Bridgewater for more than $32 million, in a sale announced by Gebroe-Hammer Associates.

Finance & Capital Markets
New York Life inks $135 million loan for mixed-use Fort Lee project

New York Life Insurance Co. has originated $135 million in financing for Hudson Lights, the two-year-old residential and retail property near the George Washington Bridge in Fort Lee.

Residential & Mixed Use
Developer details plans for 598-unit Jersey City rental project

A development group is moving forward with plans to build nearly 600 luxury apartments on Jersey City’s west side, following its purchase last month of a shuttered manufacturing complex.

Top News
Rutgers reveals latest group of advisers, emerging leaders for real estate program

The Center for Real Estate at Rutgers Business School has unveiled this year’s group of board members and industry leaders that will guide the program and its students.

Professional Services
GH&C adds to real estate group with another hire

Giordano, Halleran & Ciesla has made another addition to its commercial real estate practice.