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
Montclair rental building 50 percent leased

A new boutique apartment building in Montclair is 50 percent leased, reaching the milestone a month after opening its doors to residents.

Finance & Capital Markets
Kennedy Funding lends $2 million to Texas property owner

Kennedy Funding has closed on nearly $2 million in financing for the owner of two land tracts in Fort Worth, Texas, paving the way for a separate transaction in the city.

Residential & Mixed Use
NJBA honors top communities, professionals at annual SAM awards

Some of the state’s newest residential communities shared the spotlight last week, headlining dozens of honorees at an annual banquet hosted by the New Jersey Builders Association.

Residential & Mixed Use
Joint venture opens latest luxury rental project in Jersey City

A joint venture has opened the doors to a 137-unit apartment building in Jersey City, the latest piece of a project that has transformed a onetime industrial neighborhood.

Residential & Mixed Use
Developer unveils 58-unit apartment building in downtown Morristown

A developer has taken the wraps off a boutique apartment building in Morristown, seeking to lure renters with oversized floorplans and a location near the town’s central business district.

Finance & Capital Markets
NYL closes $36.5 million mortgage for Morristown apartment, retail building

The owner of a 130-unit luxury apartment building in Morristown has secured a $36.5 million mortgage, in a newly announced transaction by New York Life Real Estate Investors.

Finance & Capital Markets
Progress Capital inks $13.5 million in financing for Queens rental project

Progress Capital has arranged $13.5 million in financing for a redevelopment project in New York City’s Rockaway Park neighborhood.

Residential & Mixed Use
KRE Group launches construction at second piece of Bayonne residential project

Kushner Real Estate Group has broken ground on the second piece of a luxury multifamily project in Bayonne, with plans to deliver more than 200 additional units by late next year.

Residential & Mixed Use
Woodmont touts lease-up of 220-unit upscale rental property in Bayonne

Woodmont Properties is hailing the lease-up of one of its newest luxury residential properties — a 220-unit apartment community in Bayonne.

Residential & Mixed Use
Prism releases final apartments at West Orange adaptive use project

Prism Capital Partners has released the final block of new apartments at a 300-unit adaptive reuse project in West Orange, citing the ongoing demand for its luxury residential offerings.