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.

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.

Residential & Mixed Use
FEM offers virtual tours at soon-to-be-complete condos in Long Branch

The developer of 42 luxury condominiums in Long Branch is offering virtual sales appointments, as it nears completion and prepares to welcome residents to the beachfront property.