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
Thinking positively

Last month I alluded to how quickly things can change during a situation such as a pandemic, especially one that has so dramatically impacted our economy. That is certainly still the case in New Jersey, but the good news is that (as of now), things may be changing for the better.

Residential & Mixed Use
Kislak inks $6.3 million sale of Paterson rental portfolio

A private investor has sold a three-building, 37-unit apartment portfolio in Paterson for nearly $6.3 million, according to brokers with The Kislak Co. Inc.

Residential & Mixed Use
Blau & Berg tapped to market retail space at East Orange apartment building

The developer of a 180-unit apartment building in East Orange has tapped The Blau & Berg Co. to market the property’s ground-floor commercial space.

Government & Public Policy
Short stepping down as NJBA chief executive

Carol Ann Short, the CEO of the New Jersey Builders Association, is stepping down after three decades with the influential trade organization.

Finance & Capital Markets
JLL: Buyer wanted for 1,250-space parking garage in northern Hoboken

A busy 1,250-space parking structure in Hoboken has hit the market for sale, with the potential to command a price of around $40 million.

Residential & Mixed Use
JLL completes sale of 216-unit AvalonBay complex Tinton Falls

AvalonBay Communities Inc. has sold a 216-unit apartment complex in Monmouth County, brokers with JLL announced Tuesday after marketing the property.

Residential & Mixed Use
Larken touts start of 191-unit rental project in Hillsborough

A developer has broken ground on a large mixed-use project in Hillsborough, where plans call for 191 luxury apartments and some 28,000 square feet of retail space.

Residential & Mixed Use
Roseland unveils rebranded Jersey City apartment buildings (SLIDESHOW)

Roseland Residential Trust has rebranded a trio of luxury apartment buildings in Jersey City, seeking to streamline leasing across the portfolio of more than 1,200 units.

Residential & Mixed Use
Developer touts construction progress, retail leasing at Union rental project

Construction is well underway for a planned 75-unit apartment building in Union, the second phase of a project to transform one of the township’s busiest thoroughfares.

Government & Public Policy
NJAA lauds passage of $100 million rental assistance bill, urges Murphy to sign into law

A bill that would create a $100 million rental assistance program in New Jersey — one that has drawn support from the apartment industry — is now awaiting action by Gov. Phil Murphy.