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.

Top News
Villanova students win top spot in annual NAIOP college case study competition

A team of Villanova University students took top honors for this year’s NAIOP New Jersey case study competition, offering a winning plan to repurpose a former silk mill in Paterson. 

Government & Public Policy
Judge sides with landlords, halts rollout of Montclair rent control

A judge has blocked the implementation of a new rent control ordinance in Montclair, siding with property owners who contested the measure after its passage earlier this month.

Government & Public Policy
Montclair landlords sue to block rent control ordinance passed during stay-at-home order

A group of Montclair landlords has sued to overturn a new rent control ordinance in the township, alleging the governing body took action in the midst of the COVID-19 crisis when opponents could not fully mobilize against the measure.

Finance & Capital Markets
Sierotko promoted to EVP, chief lending officer at Provident

Provident Bank has promoted its top commercial real estate lender to executive vice president, chief lending officer.

Residential & Mixed Use
Hoboken Brownstone is making its mark in Jersey City, backed by 40 years of urban redevelopment expertise

With a tried and true formula that goes back 40 years, Hoboken Brownstone Co. now has a development and construction pipeline in Jersey City of more than 2,000 luxury apartments.

Office
Mack-Cali unveils new board nominees, with Mack set to step down as chairman

Mack-Cali Realty Corp. has unveiled a new slate of nominees for election to its board of directors, as longtime Chairman William L. Mack prepares to step down in conjunction with the company’s mandatory retirement age policy.

People
Sanzari touts employee’s 35th anniversary with firm

Alfred Sanzari Enterprises is marking a key employee’s 35th anniversary with the firm.

Residential & Mixed Use
Gebroe-Hammer inks sale of 1,600 units in Q1, with a combined value of $316 million

Gebroe-Hammer Associates completed more than $300 million in first-quarter apartment sales in the region, the firm announced, while expressing optimism about the multifamily sector’s long-term health after it weathers the coronavirus pandemic.

Government & Public Policy
NJAA lauds rental assistance bill, but presses for long-term solution

State lawmakers on Monday are slated to consider a rental assistance bill that could help soften the blow to apartment owners during the COVID-19 crisis, but industry leaders say they need help from the federal government to weather the storm over the long haul.

Government & Public Policy
NJBA expresses ‘100 percent’ support for new COVID-19 construction rules

The New Jersey Builders Association expressed full support for Gov. Phil Murphy’s latest step to slow the spread of COVID-19, even if it meant new limitations for projects that had been exempted under earlier directives.