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
Flemington taps global consulting firm, launches downtown revitalization plan

Armed with a $100,000 state grant, the borough of Flemington is taking new steps to draw private development and community-focused investment to its historic downtown.

Professional Services
Lenders Realty Capital names partner, chief operating officer

A veteran of the financial services industry has joined Lenders Capital Realty Services, a commercial real estate advisory firm, as partner and chief operating officer.

Residential & Mixed Use
Developer plans 50 apartments after buying Morris County site, NAI Hanson says

A developer has acquired more than six acres in Morris County and is moving ahead with plans for a 50-unit apartment building at the site, according to NAI James E. Hanson.

Finance & Capital Markets
Procida inks $14.5 million construction loan for Bergen condo project

Procida Funding & Advisors has originated a $14.5 million construction loan to the developer of an age-restricted condominium property in Bergen County.

Government & Public Policy
Lawmakers pass $14 billion incentives bill, with Murphy expected to sign

A bill to create a sweeping new program of business and development incentives in New Jersey is awaiting Gov. Phil Murphy’s signature after being passed by state lawmakers on Monday.

Government & Public Policy
HMFA names new executive director to succeed retiring Richman

The state has named the new leader of the New Jersey Housing and Mortgage Finance Agency, tapping a key official in the Department of Community Affairs to fill the role.

Residential & Mixed Use
AvalonBay sells 384-unit complex in Somerset, JLL says

AvalonBay Communities Inc. has sold a 384-unit luxury multifamily complex in the Somerset section of Franklin, under a newly announced transaction by JLL.

Residential & Mixed Use
Kislak: Developer buys Long Branch assemblage, plans oceanfront rental project

A developer is planning to build 109 luxury apartments in Long Branch after acquiring nearly two acres of oceanfront property in the city, according to The Kislak Co. Inc.

Finance & Capital Markets
Cole Schotz advises on $90 million loan for Harrison development

An investment firm has closed nearly $90 million in financing for the development of a large mixed-use project in Harrison, according to a legal team with Cole Schotz PC.

Residential & Mixed Use
PRC Group, local officials working to advance long-awaited redevelopment in Hightstown

PRC Group is moving ahead with a plan to transform a historic former rug mill complex in Hightstown, where it hopes to build 386 luxury apartments and townhomes through both ground-up construction and the adaptive reuse of two large industrial buildings.