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
Prism releases final apartments at West Orange adaptive use project

Prism Capital Partners has released the final block of new apartments at a 300-unit adaptive reuse project in West Orange, citing the ongoing demand for its luxury residential offerings.

Finance & Capital Markets
Meridian touts $277 million refi for apartment, retail portfolio in Morris and Camden counties

A multifamily and retail owner has refinanced four New Jersey properties for more than $275 million, in a series of recent transactions by Meridian Capital Group.

Health Care & Education
Stockton, AC Devco eye groundbreaking for new Atlantic City residence hall

An expansion of Stockton University’s footprint in Atlantic City will officially begin later this month, when stakeholders break ground on a new 416-bed residence hall.

Residential & Mixed Use
Pennrose hits 70 percent leased milestone at New Brunswick apartment tower

A new 207-unit luxury apartment tower in downtown New Brunswick is more than two-thirds leased after a recent flurry of activity by renters.

Residential & Mixed Use
Nutley apartment building fetches $19 million, Gebroe-Hammer says

The developer of a 108-unit apartment building in Nutley has sold the property for $19 million, in a newly announced transaction by Gebroe-Hammer Associates.

Government & Public Policy
HMFA reopens landlord relief program, expands eligibility to owners of up to 30 units

The state has extended and expanded an emergency grant program for New Jersey apartment landlords, drawing praise from the multifamily sector despite the need for additional relief.

Residential & Mixed Use
Hekemian & Co., city officials unveil new luxury apartments in Hackensack (SLIDESHOW)

A developer with deep ties to Hackensack has opened the doors to a new 254-unit luxury apartment building along one of the city’s main commercial corridors.

Residential & Mixed Use
Brookfield, G&S Investors debut 432 apartments in Jersey City, completing two-tower project

Brookfield Properties has completed the second of two large residential towers in Jersey City, bringing another 432 luxury apartments to the city’s booming waterfront.

Finance & Capital Markets
Procida closes $9.5 million in loans for Paterson multifamily projects

The developer of two new apartment buildings in Paterson has secured more than $9.5 million in financing for the projects, in a set of newly completed transactions by Procida Funding.

People
Larken names new director of finance

Larken Associates has hired a veteran accounting manager as its new director of finance.