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.

Residential & Mixed Use
JLL tapped to market 384-unit AvalonBay complex in Somerset

AvalonBay Communities Inc. is seeking a buyer for a 384-unit apartment complex in the Somerset section of Franklin, in a newly announced offering by JLL.

Top News
Devco’s Paladino named to energy company board of directors

New Brunswick Development Corp. President Christopher Paladino has landed a seat on the board of a prominent New Jersey-based energy company.

Residential & Mixed Use
Gebroe-Hammer: Hudson County apartment building fetches $19.5 million

The owner of a 60-unit upscale apartment building in Hudson County has sold the property for nearly $20 million, in a transaction arranged by Gebroe-Hammer Associates.

Residential & Mixed Use
BNE unveils 228-unit luxury rental project in Teaneck (SLIDESHOW)

BNE Real Estate Group has taken the wraps off a 228-unit luxury apartment building in Teaneck, offering a new suburban living option some five miles from Manhattan.

Residential & Mixed Use
Solomon promotes longtime team member to president of property management

The Solomon Organization has named a new president of property management to help oversee its nine-state, 17,000-unit multifamily portfolio.

Residential & Mixed Use
Tulfra, Hampshire break ground on 180-unit rental project in North Haledon

Tulfra Real Estate and The Hampshire Cos. have broken ground on a new residential project, with plans to bring 180 apartments to an undersupplied section of northern New Jersey.

Finance & Capital Markets
Jersey City apartment owner lands $20.5 million refi loan, JLL says

The owner of a new 80-unit apartment building in Jersey City has refinanced the property for $20.5 million, under a transaction arranged by JLL.

People
Larken Associates names chief HR officer

Larken Associates has named a new chief human resources officer as it looks ahead to its continued growth and hiring strategy.

Retail
Hoboken childcare center adds sixth location, leases 14,000 sq. ft. at 7 Seventy House

A childcare center is taking more than 14,000 square feet at the base of a new luxury apartment building in Hoboken, brokers with Cushman & Wakefield announced Tuesday.

Residential & Mixed Use
Marcus inks $3.4 million sale of Belleville apartment buildings

A private investor has sold a two-building, 28-unit apartment portfolio in Belleville for nearly $3.5 million, in a transaction arranged by Marcus & Millichap.