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.

Residential & Mixed Use
East Orange, Irvington apartments change hands for $92.5 million

A joint venture has reaped more than $90 million from the sale of 702 apartments across two dozen buildings in Essex County, according to brokers with Marcus & Millichap.

Residential & Mixed Use
PEEK Properties launches leasing at 39-unit apartment building in East Orange

PEEK Properties has launched leasing at its new 39-unit apartment building in East Orange, the latest addition to an area near the city’s main business district and its Brick Church train station.

Residential & Mixed Use
Joint venture hails latest leasing milestone at Hoboken rental building

Bijou Properties is touting a strong finish to 2020 at its recently developed, 424-unit luxury apartment building in western Hoboken.

Government & Public Policy
Murphy signs $14 billion incentive package

Gov. Phil Murphy has signed into law a bill that would create a seven-year, $14 billion package of tax incentives for key businesses and development projects in the state.

Residential & Mixed Use
Kamson acquires 23-unit Morristown apartment building, Kislak says

The Kamson Corp. has expanded its apartment portfolio with the acquisition of a 23-unit building in Morristown, in a transaction arranged by The Kislak Co. Inc.

Residential & Mixed Use
BNE, Sterling launch leasing at next phase of Piscataway rental project

A joint venture has taken the wraps off the second phase of a newly built luxury apartment project in Piscataway.

Residential & Mixed Use
Mack-Cali sells New Brunswick rental property for $47 million

Mack-Cali Realty Corp. has announced the sale of two luxury multifamily properties, including a 200-unit complex in New Brunswick that changed hands for $47 million.

Finance & Capital Markets
Progress Capital inks $22 million loan for new Camden County apartments

The developer of 141 apartments in Camden County has landed nearly $22 million in financing, under a transaction arranged by Progress Capital.

Residential & Mixed Use
Paterson, Passaic rental portfolio trades for $17 million, Gebroe-Hammer says

An investor has paid $17 million for a nine-building, 133-unit apartment portfolio in Paterson and Passaic, in a transaction arranged by Gebroe-Hammer Associates.

Government & Public Policy
Murphy signs law to extend deadlines for approved ERG, Urban Transit Hub projects

Gov. Phil Murphy has signed into law a bill that extends key deadlines for some projects that are still in development but were approved under two of the state’s defunct incentive programs.