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
New boutique rental building in Morristown hits 95 percent leased

A leasing team has all but filled a new 54-unit luxury apartment building in Morristown, citing its downtown location and a host of stylish amenities.

Finance & Capital Markets
Capodagli lands $65 million loan for 325-unit rental project, Greystone says

Capodagli Property Co. has secured a $65 million construction loan for a planned 325-unit multifamily project in Union County, in a newly announced transaction by Greystone.

Residential & Mixed Use
Stakeholders hail start of downtown Newark’s first fully affordable housing development

A development team joined Newark city officials on Wednesday to mark the start of a long-awaited, 66-unit project that will bring affordable housing to the central business district.

Industrial
Diversified, Hampshire acquire Bergenfield industrial building and apartments

An investment team has acquired a 40,000-square-foot industrial building in Bergenfield, along with an adjacent apartment building that provides a potential redevelopment opportunity.

Residential & Mixed Use
Developer hits leasing milestone at Bogota rental project, releases new phase

PCD Development has signed more than 100 leases at a new luxury apartment complex in Bogota, prompting it to open a second phase to prospective renters.

Professional Services
Larken highlights project team, women in construction at Pennsylvania multifamily site

Larken Associates recently celebrated National Women in Construction Week by highlighting members of its project team at a new multifamily development in South Central Pennsylvania.

People
Senlac Ridge Partners names new principal for development and construction

Senlac Ridge Partners has added a longtime development executive as its newest principal, as the firm looks to ramp up its pipeline of ground-up projects in the region.

Government & Public Policy
State details plan, application period for $353 million in COVID-19 rental assistance

State officials are rolling out another $353 million in rental assistance, in a move that should help both residents and apartment landlords who face mounting revenue shortfalls.

People
Denholtz adds paralegal amid ongoing plan to streamline leasing team

Denholtz Properties has added a paralegal to its team in an effort to further enhance and streamline its in-house leasing operations, the Red Bank-based firm announced Tuesday.

Features
Daughters of longtime North Jersey developer set to unveil family’s latest project

A well-known family development firm is nearing completion of a 214-unit apartment complex in North Bergen, in what will be its first project with a second generation at the helm.