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
Woodmont breaks ground on 443-unit apartment project in West Windsor

Woodmont Properties has started construction at the site of a planned 443-unit, luxury apartment development in West Windsor.

Top News
Mack-Cali names new chair after board shakeup

A veteran development executive has taken over as board chair of Mack-Cali Realty Corp., following a proxy battle that ended last week with a victory by a dissident investor group.

Residential & Mixed Use
NJAA announces death of past president, longtime industry executive

The New Jersey Apartment Association is mourning the loss of a former president and longtime executive of the region’s multifamily industry.

Retail
Korean BBQ chain inks lease at Hahne & Co., bringing Newark building to 100 percent leased

The revitalized Hahne & Co. building in downtown Newark is now fully leased after a nearly 2,000-square-foot commitment by a growing Korean barbeque restaurant.

Residential & Mixed Use
Owner of Gloucester golf course sells two-acre parcel

A developer has acquired a two-acre portion of a golf course in Gloucester County, where plans call for the construction of a single residential dwelling.

Top News
Investor group wins control of Mack-Cali board after agreement with REIT

Seven of Mack-Cali Realty Corp.’s 11 board members are stepping down, clearing the way for a dissident investor group to take control after a proxy battle that dates back to early last year.

Residential & Mixed Use
Marcus: Jersey City rental building fetches $2.3 million

A private investor has sold a 12-unit apartment property in Jersey City for $2.3 million, under a transaction arranged by brokers with Marcus & Millichap.

Top News
Mack-Cali postpones annual meeting, citing ongoing talks with Bow Street

Mack-Cali Realty Corp. has postponed its annual stockholders meeting this week amid ongoing talks with a dissident investor group that has sought to take over its board.

Office
Investment firm acquires 292,000 sq. ft. office campus in East Windsor

A private investment firm has made its entrance to the Mercer County submarket, acquiring a four-building, 291,550-square-foot office campus in East Windsor.

Finance & Capital Markets
Joint venture lands $49 million loan for luxury rental project in Hackensack, JLL says

A development group has secured a nearly $49 million construction loan for a 271-unit luxury apartment building in Hackensack, under a newly announced transaction by JLL.