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
Jersey City apartment, retail project lands $26.25 million construction loan

Progress Capital Advisors has secured more than $26 million in financing for the construction of a new nine-story, mixed-use building in the McGinley Square section of Jersey City.

Residential & Mixed Use
Proposed 162-unit residential project in Bayonne clears key hurdle

A developer has won a key local approval in Bayonne for a two-building, 162-unit apartment project near one of the city’s light rail stops.

Finance & Capital Markets
Progress inks $5.3 million loan for Hudson County apartment deal

Progress Capital Advisors has brokered a nearly $5.3 million loan for a client to acquire a 44-unit apartment building in Hudson County, the mortgage brokerage firm announced.

Event Coverage
‘A changing industry’ in focus as NAIOP gala honors CRE leaders, deals of the year

A crowd of more than 800 turned out Thursday for NAIOP New Jersey’s 31st annual commercial real estate awards gala, where the organization honored some of the industry’s top executives and unveiled its coveted Deal of the Year Awards.

Residential & Mixed Use
Developers break ground on 82-unit apartment project in downtown Hackensack (SLIDESHOW)

The Hanson family and Claremont Cos. have broken ground on a new 82-unit apartment building in downtown Hackensack, the latest project in the city’s fast-growing construction pipeline.

Finance & Capital Markets
Investors Bank touts $68 million in loans for New Jersey multifamily properties

Investors Bank has closed on several loans to support New Jersey multifamily properties in recent months, part of more than $300 million in new lending activity for region.

Residential & Mixed Use
Mixed-use Chatham property fetches $3.1 million, Redwood Realty says

An investor has paid more than $3 million for a 12,000-square-foot, mixed-use property in Chatham, in a deal announced this week by Redwood Realty Advisors.

Roundtable
How have some local governments changed their approach to development since the downturn?

How have some local governments changed their approach to development since the downturn? We assembled a panel of industry experts to tackle this month’s question.

Photos
SLIDESHOW: Jon Hanson’s induction to the New Jersey Hall of Fame

The New Jersey Hall of Fame recently inducted its 2017 class, which included Jon F. Hanson of The Hampshire Cos., during a star-studded event in Asbury Park.

Residential & Mixed Use
Bergen, Passaic multifamily sales total $22.6 million, Gebroe-Hammer says

Nearly 150 apartments have changed hands in Bergen and Passaic counties, following three sales totaling $22.6 million in value announced this week by Gebroe-Hammer Associates.