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
Apartment owner lands $2.7 million loan for 43-unit North Plainfield complex, Cronheim says

The owner of a 43-unit garden apartment complex in North Plainfield has closed on $2.65 million in financing, according to a debt placement team with Cronheim Mortgage.

Residential & Mixed Use
Veris buys out Ironstate, consolidates ownership of Jersey City Urby in $39 million deal

Veris Residential Inc. is now the sole owner of a distinctive 762-unit apartment tower in Jersey City after acquiring Ironstate Holdings’ 15 percent stake in the building.

Residential & Mixed Use
Marcus: Investor buys six-unit Hudson County apartment building for $1.2 million

An investor has sold a six-unit apartment building in West New York for nearly $1.2 million, brokerage firm Marcus & Millichap announced Monday.

Residential & Mixed Use
Adoni sells new 39-unit Woodbridge apartment building for $14 million

Adoni Property Group has sold a new 39-unit luxury apartment building in Woodbridge for $14.3 million, in a deal arranged by Cushman & Wakefield.

Residential & Mixed Use
JLL: Buyer wanted for 54-unit Bridgewater apartment complex with upside

The owner of a 54-unit apartment complex in Bridgewater is seeking a buyer for the property, brokers with JLL said, touting it as a value-add opportunity in an affluent region.

Residential & Mixed Use
JLL: Cammeby’s buys 406-unit rental property at Wesmont Station for $162 million

Cammeby’s International has expanded its footprint in Wood-Ridge, acquiring a 406-unit apartment building in the Wesmont Station district for nearly $162 million.

Finance & Capital Markets
Hampshire team lands $68 million loan for new 270-unit Hackensack rental property

The developers of a new 270-unit luxury apartment building in Hackensack has secured $68 million in financing, in a newly announced deal by G.S. Wilcox & Co.

Residential & Mixed Use
The Marq Teaneck, new 256-unit rental building by Malas Development, hits 50 percent leased

Malas Development has leased more than 50 percent of a new 256-unit luxury apartment building in Teaneck, hitting a key milestone in the first phase of a larger redevelopment project.

Residential & Mixed Use
Tishman Speyer buys 200-unit Montclair rental property in $96 million deal by CBRE

Tishman Speyer has acquired 200 apartments in downtown Montclair for more than $96 million, adding a building that opened in 2021 as part of a high-profile redevelopment project.

Residential & Mixed Use
Walters begins construction on new 198-unit Galloway rental property

Walters has broken ground on the first phase of a project that will bring 198 income-restricted apartments to the Atlantic County township of Galloway.