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
Plainfield planning board approves new apartment projects, Taylor Architecture says

An architecture firm is touting approval by Plainfield’s planning board of two projects that would bring another 24 apartments to the city.

Finance & Capital Markets
Progress inks $16 million construction loan for Bronx project

The developer of a 53-unit, mixed-income residential project in the Bronx has secured a $16 million construction loan, in a transaction arranged by Progress Capital.

Policy Page
A mid-pandemic snapshot of the CRE industry

While there has been some gradual improvement in commercial real estate deal activity from earlier this year, nearly half of those taking part in a recent NAIOP survey believe the pandemic will significantly affect their business operations for at least another 12 months.

Finance & Capital Markets
CBRE: South Orange apartment building refinances for $14 million

The owner of a 66-unit apartment building in South Orange has refinanced for $14 million, brokers with CBRE announced Wednesday.

Finance & Capital Markets
Apartment owner refinances for $140 million, extending affordable housing subsidy

The owner of a 688-unit apartment complex in West New York has closed on a $140 million loan that will allow it to operate the property as affordable housing for another four decades.

Residential & Mixed Use
Kokes names new construction manager for New Jersey pipeline

Kokes Properties has hired a construction industry veteran as the latest addition to its in-house development team in New Jersey.

Residential & Mixed Use
Leasing underway at new upscale apartments in Bogota

The builder of a new luxury apartment complex in Bogota has launched leasing at the property’s first phase, unveiling more than 300 homes and a host of upscale amenities.

Residential & Mixed Use
Workforce housing developer, investor acquires Jersey City portfolio for $21.5 million

A firm that specializes in mixed-income and workforce housing is expanding to New Jersey, acquiring a nine-building, 74-unit portfolio in Jersey City for $21.5 million.

Government & Public Policy
Developers wanted for NJ Transit sites in Jersey City, Woodbridge

NJ Transit is seeking would-be developers for two sites, including property at the busy Metropark station in Woodbridge and a parcel near Liberty State Park in Jersey City.

Professional Services
Sordoni announces promotion of managing executive to senior vice president

Sordoni Construction Co. has announced a promotion for one of its longtime construction executives.