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
Bergen County apartment portfolio trades for $19.2 million

A development and investment firm has sold an 85-unit multifamily portfolio in Bergen County for more than $19 million, according to brokers with The Kislak Co. Inc.

Residential & Mixed Use
Investor, acquires plans conversion of mixed-use Bergenfield building, NAI Hanson says

An investor has acquired a 5,000-square-foot mixed-used building in Bergenfield, with plans to bring new apartments to the property’s ground-floor spaces.

Professional Services
Becht Engineering taps new MEP division manager in Basking Ridge

Becht Engineering BT Inc. has named a new mechanical, electrical and plumbing division manager at its Basking Ridge headquarters.

Office
Mack-Cali still focused on selling suburban portfolio, leasing waterfront, acting CEO says

Mack-Cali Realty Corp. will largely stay the course for now, its interim CEO said this week, with a continued focus on selling its suburban office buildings and stabilizing its waterfront portfolio as it searches for a permanent chief executive.

Government & Public Policy
Relaxed deadlines could bring new attention, momentum to Opportunity Zone projects

The COVID-19 pandemic has threatened to stall many development projects nationwide, including those under the federal Opportunity Zone program, but experts say those investments could gain new momentum after a series of recent steps by regulators.

Residential & Mixed Use
North Bergen condo project tops out, eyes Q1 delivery

A condominium building under construction in North Bergen is on track to open early next year after marking the completion of vertical construction.

Residential & Mixed Use
Apartments at landmark Newark tower top 90 percent leased milestone

A collection of more than 200 apartments inside a newly restored, 21-story building in downtown Newark is on the verge of being fully leased.

Residential & Mixed Use
Woodmont, Canoe Brook launch construction at Secaucus apartment project

Woodmont Properties and Canoe Brook Development have started construction on a new 116-unit luxury apartment property in Secaucus.

People
Larken Associates adds senior project manager, director of construction accounting

Larken Associates has expanded its in-house construction team with the addition of two veteran industry professionals.

Government & Public Policy
Resident protection bill would have ‘devastating’ impact on property taxes, operations, NJAA says

The state Assembly has passed a bill that would shield residents from eviction and require landlords to create payment plans for past due rent during the pandemic, drawing renewed criticism from the apartment industry.