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.

Office
Atkins, Woodmont pivot to medical office in final stretch of town center project

A joint venture is building new medical office space at what was slated to be a standalone retail building in Gloucester County, citing tremendous demand from area health care users.

Residential & Mixed Use
Paterson apartment, commercial building trades for $8 million

A private investor has acquired 38 apartments and commercial space in Paterson for nearly $8 million, according to brokers with Marcus & Millichap who arranged the deal.

Roundtable
How can state and local leaders help bring new foot traffic to their downtowns?

How can state and local leaders help bring new foot traffic to their downtowns? We assembled a panel of industry experts to tackle this month’s question.

Residential & Mixed Use
Kislak brokers $10.3 million apartment sale in Orange County

An investment group has acquired a 112-unit apartment property about 15 miles north of Sussex County, under a newly announced transaction by The Kislak Co. Inc.

Residential & Mixed Use
Marcus inks $2.3 million apartment sale in Hudson County

A partnership has reaped $2.3 million from the sale of a 16-unit apartment property in Union City, under a newly announced transaction by Marcus & Millichap.

Deals
NAI Hanson inks sale of mixed-use building in Netcong

An investor has acquired a 2,100-square-foot mixed-use building in Morris County, under a newly completed transaction by NAI James E. Hanson.

Residential & Mixed Use
FirstService renews, expands contract with Toms River senior community

FirstService Residential has renewed and expanded its contract to provide property management services to a sprawling age-restricted community in Toms River.

Finance & Capital Markets
Developer inks $43 million refi of Jersey City rental tower, Lightstone says

The developer of a 132-unit apartment building in Jersey City has refinanced for nearly $43 million, following a transaction arranged by Lightstone Capital.

Residential & Mixed Use
Kearny, East Newark apartments sell for $2.3 million

Three apartment buildings in western Hudson County have changed hands for $2.3 million, according to Cervelli Real Estate & Property Management.

Residential & Mixed Use
Plainfield planning board approves 14-unit apartment building, retail space

A proposal to build 14 new apartments and retail space near the Plainfield train station is moving ahead after being endorsed by the city’s planning board.