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
Kolakowski named NJBA chief executive

The New Jersey Builders Association has tapped a longtime member of its leadership and government affairs team as its new CEO.

Finance & Capital Markets
JLL taps Klein as co-head of New Jersey capital markets group

JLL has named a new co-head of its New Jersey capital markets team, tapping a veteran broker to oversee the firm’s debt and equity placement business in the region.

Government & Public Policy
State seeking new bids, proposals for 80-acre ‘gateway’ parcel at Fort Monmouth

One of the top parcels at the former Fort Monmouth site is back on the market, as state officials seek a new plan for bringing residential and commercial uses to the 80-acre development site.

Residential & Mixed Use
Gebroe-Hammer inks $460 million in multifamily sales in first half of 2020

Gebroe-Hammer Associates is touting the completion of nearly $460 million in multifamily sales year to date, thanks in part to its ongoing activity during the height of the coronavirus crisis.

Residential & Mixed Use
Developers break ground in Hackensack, eyeing transformation of ex-Record site

A development team has completed the foundation for a luxury residential project in Hackensack, paving the way for a first phase that will include more than 270 apartments.

Finance & Capital Markets
Meridian: Buyer wanted for new Opportunity Zone rental building in Hackensack

A newly built, 88-unit apartment building has hit the market for sale in downtown Hackensack, where brokers are touting several key tax benefits for a would-be buyer.

Residential & Mixed Use
Developer breaks ground on 153-unit rental project in Union, its first in New Jersey

A developer has broken ground on its first project in New Jersey, with plans to build 153 apartments at the site of a former salt factory in Union Township.

Office
Atkins, Woodmont pivot to medical office in final stretch of town center project

A joint venture is building new medical office space at what was slated to be a standalone retail building in Gloucester County, citing tremendous demand from area health care users.

Residential & Mixed Use
Paterson apartment, commercial building trades for $8 million

A private investor has acquired 38 apartments and commercial space in Paterson for nearly $8 million, according to brokers with Marcus & Millichap who arranged the deal.

Roundtable
How can state and local leaders help bring new foot traffic to their downtowns?

How can state and local leaders help bring new foot traffic to their downtowns? We assembled a panel of industry experts to tackle this month’s question.