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.

Finance & Capital Markets
Greystone closes $15.3 million loan for Camden County apartment complex

The owner of a 208-unit multifamily property in Camden County has refinanced for more than $15 million, in a newly announced transaction by Greystone.

Top News
DeMarco out after five years at Mack-Cali, as REIT names interim CEO

Michael DeMarco is out as CEO of Mack-Cali Realty Corp., the company announced, following a year-long proxy fight that saw activist investors win control of its board of directors.

Finance & Capital Markets
Investor lands long-term financing, repays $8.75 million loan from Procida

A borrower has repaid an $8.75 million loan to Procida Funding after securing long-term financing for an eight-building, mixed-use portfolio in Sleepy Hollow, New York.

Residential & Mixed Use
BNE, local officials break ground on first phase of major redevelopment in South Amboy

BNE Real Estate has broken ground on a 291-unit residential building in South Amboy, the first piece of a sweeping waterfront redevelopment that will yield nearly 2,000 new apartments.

Residential & Mixed Use
KABR, Gebroe-Hammer tout $24 million sale of Jersey City rental building

The KABR Group has sold a newly built, 58-unit apartment property in Jersey City’s McGinley Square neighborhood, in a transaction arranged by Gebroe-Hammer Associates.

Government & Public Policy
Newark approvals include tax abatement for second ‘Shaq Tower’

A proposed 370-unit apartment tower in Newark has secured a 30-year tax abatement, as city officials move to advance a series of planned developments despite the pandemic.

Residential & Mixed Use
Second phase of JMF project in Plainfield set to welcome first residents

JMF Properties is just weeks away from welcoming its first residents to the second piece of a new luxury apartment complex in Plainfield, the developer announced this week.

Residential & Mixed Use
Pennrose, Marketing Directors resume in-person tours at New Brunswick high-rise

The leasing team at a new 207-unit apartment tower in New Brunswick has resumed in-person showings, while still offering virtual options for prospective renters.

Residential & Mixed Use
Jersey City: Leasing, occupancy timeline revealed for new 148-unit rental building

One of Jersey City’s newest luxury residential buildings is nearing completion, with the launch of leasing only weeks away and occupancy slated for soon thereafter.

Residential & Mixed Use
Seller reaps $7.3 million in 64-unit Newton apartment deal, Kislak says

A private owner has reaped $7.3 million from the sale of two garden apartment complexes in Sussex County, brokers with The Kislak Co. Inc. announced Tuesday.