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
CBRE inks multifamily sales in Bound Brook, North Brunswick

Two central New Jersey apartment properties have changed hands for a combined $4.8 million, in a set of newly announced transactions by CBRE.

Finance & Capital Markets
JLL: Development site for sale along New Brunswick business, academic corridor

The owner of a 36-acre development site in New Brunswick is seeking a buyer, with brokers touting its location along Route 1 and its proximity to New Jersey’s three largest employers.

Top News
Arc Building Partners, Claremont open new joint headquarters in Morristown

A construction firm and a developer have unveiled their new joint office in Morristown, following a merger last year aimed at better positioning both businesses.

Residential & Mixed Use
Gebroe-Hammer touts $75 million in Hudson County apartment sales in June, July

A broker with Gebroe-Hammer Associates has kept active since the height of the COVID-19 outbreak, inking the sale of more than 200 units in Hudson County in June and July alone.

Finance & Capital Markets
Procida closes $52.5 million construction loan for 214-unit Hudson County project

A planned 214-unit apartment development in North Bergen is moving ahead with the help of a newly announced, $52.5 million construction loan by Procida Funding.

Residential & Mixed Use
Developer eyes launch of leasing at 421-unit rental project in Bogota

A developer is set to unveil more than 400 new luxury apartments in Bogota, touting a location along the Hackensack River and one that is minutes from the area’s vast highway network.

Finance & Capital Markets
JLL: Developer lands $116 million construction loan for Montvale redevelopment

A large mixed-use development at the site of the former Mercedes-Benz campus in Montvale is moving ahead with the help of a $116 million construction loan, according to brokers with JLL.

Top News
Kislak foundation pledges $1.1 million to Monmouth real estate program

The family of late real estate icon Jay Kislak has pledged more than $1 million to Monmouth University, continuing its longstanding support of the school’s real estate program.

Residential & Mixed Use
BonRenter brings security deposit solution to new Bergenfield apartment building

BonRenter, a firm that provides an alternative to cash security deposits, has brought its product to a new 62-unit apartment building in Bergenfield.

Residential & Mixed Use
Jersey City rental portfolio trades for $11 million, Marcus says

An apartment owner has sold a three-building, 64-unit portfolio in Jersey City for nearly $11 million, in a newly completed transaction by Marcus & Millichap.