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
Lennar to develop mixed-use town center at Fort Monmouth ‘gateway’ parcel, state says

State officials are detailing new plans for a town center development at the historic Fort Monmouth property, having agreed to sell a prominent 73-acre parcel to a Lennar Corp. affiliate.

Residential & Mixed Use
Development, project team eye groundbreaking for 170 apartments in Jersey City

A design and engineering team is highlighting its role in a two-building, 170-unit apartment project that is on the verge of breaking ground alongside a popular park in Jersey City.

Finance & Capital Markets
Jersey City: NYL inks $138 million loan for 45-story rental tower

A development team has landed financing for the second of two 45-story apartment towers in Jersey City, securing a $138 million loan from New York Life Real Estate Investors.

Residential & Mixed Use
Developers hail fast start at 219-unit rental project in Rahway

A joint venture has opened the doors to a new 219-unit luxury apartment building in downtown Rahway, offering a new living option just blocks from the city’s train station.

Residential & Mixed Use
Kokes hires vice president, project manager for growing development team

Kokes Properties has expanded its development and construction team with the addition of two veteran industry executives.

Finance & Capital Markets
Jersey City developer lands $120 million in debt, equity for 631-unit project, Progress Capital says

The developer of a 631-unit apartment building in Jersey City has secured $84 million in construction financing and $36 million in equity, Progress Capital announced Friday.

Residential & Mixed Use
Long Branch condo project more than 50 percent sold, with closings now underway

Closings are underway at a collection of beachfront condominiums in Long Branch, where a development and brokerage team has sold more than half of the property’s 57 homes.

Government & Public Policy
HMFA details $24 million tax credit round, eyeing 1,200 affordable units

Developers in New Jersey have until late July to apply for a share of $24 million in tax credits to help finance affordable housing, under a new timeline announced Wednesday by a state agency.

Finance & Capital Markets
JLL inks $20.5 million loan for Opportunity Zone acquisition in Jersey City

A fund operated by Columbia Property Trust has secured more than $20 million in financing to acquire a newly completed, 93-unit apartment building in Jersey City.

Residential & Mixed Use
Developers hail leasing milestone at 424-unit Hoboken tower

A new 424-unit luxury apartment building on the western edge of Hoboken is now 50 percent leased, a milestone that comes less than six months after a joint venture debuted the property.