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.

Health Care & Education
Stockton, AC Devco eye groundbreaking for new Atlantic City residence hall

An expansion of Stockton University’s footprint in Atlantic City will officially begin later this month, when stakeholders break ground on a new 416-bed residence hall.

Residential & Mixed Use
Pennrose hits 70 percent leased milestone at New Brunswick apartment tower

A new 207-unit luxury apartment tower in downtown New Brunswick is more than two-thirds leased after a recent flurry of activity by renters.

Residential & Mixed Use
Nutley apartment building fetches $19 million, Gebroe-Hammer says

The developer of a 108-unit apartment building in Nutley has sold the property for $19 million, in a newly announced transaction by Gebroe-Hammer Associates.

Government & Public Policy
HMFA reopens landlord relief program, expands eligibility to owners of up to 30 units

The state has extended and expanded an emergency grant program for New Jersey apartment landlords, drawing praise from the multifamily sector despite the need for additional relief.

Residential & Mixed Use
Hekemian & Co., city officials unveil new luxury apartments in Hackensack (SLIDESHOW)

A developer with deep ties to Hackensack has opened the doors to a new 254-unit luxury apartment building along one of the city’s main commercial corridors.

Residential & Mixed Use
Brookfield, G&S Investors debut 432 apartments in Jersey City, completing two-tower project

Brookfield Properties has completed the second of two large residential towers in Jersey City, bringing another 432 luxury apartments to the city’s booming waterfront.

Finance & Capital Markets
Procida closes $9.5 million in loans for Paterson multifamily projects

The developer of two new apartment buildings in Paterson has secured more than $9.5 million in financing for the projects, in a set of newly completed transactions by Procida Funding.

People
Larken names new director of finance

Larken Associates has hired a veteran accounting manager as its new director of finance.

Residential & Mixed Use
RPM announces sale of famed ‘General’s House’ at Fort Monmouth residential site

RPM Development Group has inked the sale of a historic five-bedroom home in Oceanport, part of a collection of upscale dwellings that it has been marketing at the former Fort Monmouth.

Residential & Mixed Use
Developer completes lease-up at 80-unit rental project in Union, eyes second phase

A developer has completed its lease-up at an 80-unit luxury apartment building in Union, touting the milestone despite opening just weeks before the state’s coronavirus outbreak.