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.

Finance & Capital Markets
Parkview inks $56 million loan for Elizabeth rental project

A developer has secured a $56 million loan for its plan to build 274 apartments at the site of a former hospital in Elizabeth, under a newly completed transaction by Parkview Financial.

Office
Financial group takes 3,000 sq. ft. at Marlton project, Vantage RES says

A financial services firm has leased more than 3,000 square feet of office space in Burlington County, in a newly announced transaction by Vantage Real Estate Services.

Government & Public Policy
Newark to seek ‘transit village’ designation for historic Four Corners neighborhood

The city of Newark will seek a “transit village” designation from the state for a busy stretch of its downtown, seeking to unlock grant funding that will help shape redevelopment efforts.

Events
Coming soon: The 2020 Atlantic Builders Convention

Don’t miss out on the education, connections, events and insight opportunities we’re hosting for the home building industry at the Atlantic Builders Convention in Atlantic City. Mark your calendars and join us April 1 through April 2 at Harrah’s in Atlantic City, where the convention, seminars and networking festivities are conveniently all under one roof.

Professional Services
Ridgewood-based brokerage team breaks $53 million in 2019 home sales

A residential brokerage team in Bergen County is touting the completion of more than $53 million in sales in 2019, making it the top-performing group in multiple towns in the area.

Residential & Mixed Use
TFE unveils 117 apartments at Woodbridge commercial property

A developer has unveiled new luxury apartments as part of an adaptive reuse project in Woodbridge, where it has retrofitted the upper levels of a well-known commercial building.

Government & Public Policy
East Brunswick, developer uniting around common goal — transforming Route 18

A new public-private alliance has emerged in East Brunswick, where local leaders and a development team have united to revive a stretch of blighted retail property on Route 18.

Residential & Mixed Use
Newmark: Buyer of 14,000 sq. ft. Rahway property eyes new retail, apartments

An investor has acquired a mixed-use building in Rahway’s growing arts district, where it’s now weighing plans for new commercial space and residential units.

Government & Public Policy
HMFA debuts $50 million loan program for special needs housing projects

State officials have unveiled a new $50 million loan program aimed at funding 400 apartments for disabled veterans, homeless individuals and other residents with special needs.

Retail
Childcare center doubles footprint at Hoboken’s Shipyard complex, JLL says

A childcare center is expanding in uptown Hoboken with the completion of a nearly 7,100-square-foot lease with Ironstate Development, brokers with JLL announced.