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.

Editor’s Note

A fresh look

You wouldn’t know it by the last four months, but major news stories are always prone to ebbs and flows. The federal Opportunity Zone program is a case in point when it comes to commercial real estate publications. The investment vehicle has been all the rage at various points since it was created in late 2017, only to take a step back as buzz died down.

Tulfra breaks ground on self-storage project at Rochelle Park redevelopment site

Tulfra Real Estate has started construction at the site of a self-storage facility in Rochelle Park, part of a plan to redevelop a former AT&T data center site near Route 17.

Residential & Mixed Use

RD Management, Canoe Brook launch leasing at 338-unit rental project in Marlton

A joint venture has taken the wraps off a new 338-unit upscale apartment property in Evesham, the latest piece of a mixed-use redevelopment site along Route 70.

Finance & Capital Markets

Greystone closes $15.3 million loan for Camden County apartment complex

The owner of a 208-unit multifamily property in Camden County has refinanced for more than $15 million, in a newly announced transaction by Greystone.

DeMarco out after five years at Mack-Cali, as REIT names interim CEO

Michael DeMarco is out as CEO of Mack-Cali Realty Corp., the company announced, following a year-long proxy fight that saw activist investors win control of its board of directors.

Finance & Capital Markets

Investor lands long-term financing, repays $8.75 million loan from Procida

A borrower has repaid an $8.75 million loan to Procida Funding after securing long-term financing for an eight-building, mixed-use portfolio in Sleepy Hollow, New York.

Residential & Mixed Use

BNE, local officials break ground on first phase of major redevelopment in South Amboy

BNE Real Estate has broken ground on a 291-unit residential building in South Amboy, the first piece of a sweeping waterfront redevelopment that will yield nearly 2,000 new apartments.

Residential & Mixed Use

KABR, Gebroe-Hammer tout $24 million sale of Jersey City rental building

The KABR Group has sold a newly built, 58-unit apartment property in Jersey City’s McGinley Square neighborhood, in a transaction arranged by Gebroe-Hammer Associates.

Government & Public Policy

Newark approvals include tax abatement for second ‘Shaq Tower’

A proposed 370-unit apartment tower in Newark has secured a 30-year tax abatement, as city officials move to advance a series of planned developments despite the pandemic.

Residential & Mixed Use

Second phase of JMF project in Plainfield set to welcome first residents

JMF Properties is just weeks away from welcoming its first residents to the second piece of a new luxury apartment complex in Plainfield, the developer announced this week.