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: Investor acquires Morris County rental complex for $40 million

A multifamily owner has reaped nearly $40 million from the sale of a 123-unit, garden-style apartment complex in Morris County, following a sale arranged by JLL.

Events
NAIOP highlights standouts in service, advocacy at annual awards dinner

Commercial real estate leaders came together on Monday to honor a group of top advocates and service professionals, touting their work in public policy and in shaping the industry’s future.

Guest Columns
Rent control is not a solution to our affordable housing crisis

Among the many issues facing our nation, the availability of affordable housing, or lack thereof, is a problem that lawmakers have been trying to address for decades. Federal programs that either support the development of affordable housing or provide assistance to renters through vouchers have been woefully underfunded, and state and local elected officials are looking for solutions. Unfortunately, some have turned to rent control as an answer. But the reality is that rent control will not only fail to solve our affordable housing crisis, it will actually make it worse. 

Residential & Mixed Use
PRC, Circle Squared unveil Jersey City rental building at NJCU-led project

A joint venture has taken the wraps off a new 144-unit luxury apartment building in Jersey City, the latest piece of a high-profile redevelopment effort led by New Jersey City University.

Residential & Mixed Use
New York investor buys Garfield rental property, its first New Jersey acquisition

An out-of-state investor has acquired a newly built, 75-unit apartment complex just steps from a train station in Garfield, in a newly announced transaction by CBRE.

Finance & Capital Markets
JLL inks $118 million loan package for Roseland apartment community

The owner of a 360-unit apartment community in Roseland has secured nearly $120 million in financing, in a newly announced transaction by brokers with JLL.

Residential & Mixed Use
New downtown Rutherford rental building hits leasing milestone

A new boutique rental building in downtown Rutherford has leased 75 percent of its available apartments just four weeks after opening to the public.

Residential & Mixed Use
Joint venture launches second phase of Bayonne project with new retail, 651 rentals

Developers have broken ground on the next phase of a mixed-use project in Bayonne, where they are planning more than 650 apartments and some 90,000 square feet of additional retail space.

Office
Realtor takes 5,000 sq. ft. at mixed-use Marlton project, WCRE says

A real estate brokerage is taking nearly 5,000 square feet of office space at a newly built, mixed-use property in the Marlton section of Evesham.

Residential & Mixed Use
Kislak inks $9 million apartment sale in Bergen County

An investor has acquired 40 residential units across two properties in Bergen County, under a nearly $9 million deal arranged by The Kislak Co. Inc.