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
Joint venture acquires luxury rental building in Parsippany for $68 million

The developer of a two-year-old, 212-unit apartment building in Parsippany has sold the property, reportedly for nearly $70 million.

Residential & Mixed Use
Jersey City rental projects secure $22.5 million under EB-5 program

A federal agency has approved a $22.5 million loan under the EB-5 visa program that will support part of a plan to bring new apartments and retail space to Jersey City’s west side.

Residential & Mixed Use
KRE launches leasing (virtually) at 200-unit rental project in Bayonne (SLIDESHOW)

Kushner Real Estate Group is taking the wraps off its first residential project in Bayonne, a collection of 200 apartments just steps from a Hudson-Bergen Light Rail station.

Finance & Capital Markets
Kennedy Funding closes $1 million loan for Long Island waterfront property

Kennedy Funding, an Englewood Cliffs-based direct private lender, has closed a $1 million loan for a nearly four-acre waterfront property in New York’s Nassau County.

Residential & Mixed Use
Newly delivered Jersey City rental building launches leasing (SLIDESHOW)

The owner of a new luxury apartment building in Jersey City has launched leasing at the 99-unit property.

Residential & Mixed Use
Developers of new Hoboken rental building launch COVID donation program

The development team behind a new 424-unit apartment building in Hoboken is taking steps to support those on the front lines of the coronavirus pandemic.

Guest Columns
The economic value of the multifamily industry

In the weeks since the start of this crisis, the primary focus was on the health impacts of COVID-19, and rightfully so. And while the economic impact never left our minds, recent data has now put the financial health of our country and our state on the front burner.

Residential & Mixed Use
Leasing teams turn to virtual tours, platforms to lure renters during stay-at-home order

In-person tours have been curtailed and lease numbers are down, but virtual tours are helping luxury apartment buildings bring in renters in this time of social distancing. The virtual elements are so useful, in fact, that building representatives said they’ll keep using them after the coronavirus crisis is over.

Residential & Mixed Use
Kislak brokers sale of four-building, 56-unit rental portfolio in Newark

A multifamily owner has reaped nearly $8 million from the sale of a four-building, 56-unit portfolio in Newark, following a transaction arranged by The Kislak Co. Inc.

Residential & Mixed Use
Investor sells mixed-use Bayonne property for $2 million, Marcus says

A private investor has sold a 6,900-square-foot mixed-use building in Bayonne, under a newly announced transaction by Marcus & Millichap.