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
Jersey City rental portfolio trades for $11 million, Marcus says

An apartment owner has sold a three-building, 64-unit portfolio in Jersey City for nearly $11 million, in a newly completed transaction by Marcus & Millichap.

Residential & Mixed Use
City native spearheading long-awaited redevelopment at Elizabeth transit site

A new mixed-use building will bring 267 upscale apartments and 36,000 square feet of office, restaurant and retail space to the corner of Union and West Grand streets in Elizabeth, the site of a long-vacant redevelopment parcel near an NJ Transit train station.

Finance & Capital Markets
JLL touts $34 million construction loan for North Haledon rental project

The team behind a 180-unit multifamily development in North Haledon has secured a $34 million construction loan for the project, according to a capital markets team with JLL.

Residential & Mixed Use
Developers launch leasing at 46-unit rental building in Montclair (SLIDESHOW)

A joint venture is set to debut a new boutique apartment building in Montclair, offering residents a short walk to rail service and the town’s central business district.

Residential & Mixed Use
Bijou, Intercontinental hail 80 percent leased milestone at Hoboken apartment tower

Apartment dwellers are still bullish on western Hoboken, where a joint venture has now leased 80 percent of a new 424-unit luxury residential building.

Residential & Mixed Use
PEEK Properties eyes fall opening for new East Orange apartments

A developer is nearing completion of a new 39-unit apartment building in East Orange, helping to revitalize a long-vacant building near the city’s Brick Church train station.

Residential & Mixed Use
JLL tapped to market 384-unit AvalonBay complex in Somerset

AvalonBay Communities Inc. is seeking a buyer for a 384-unit apartment complex in the Somerset section of Franklin, in a newly announced offering by JLL.

Top News
Devco’s Paladino named to energy company board of directors

New Brunswick Development Corp. President Christopher Paladino has landed a seat on the board of a prominent New Jersey-based energy company.

Residential & Mixed Use
Gebroe-Hammer: Hudson County apartment building fetches $19.5 million

The owner of a 60-unit upscale apartment building in Hudson County has sold the property for nearly $20 million, in a transaction arranged by Gebroe-Hammer Associates.

Residential & Mixed Use
BNE unveils 228-unit luxury rental project in Teaneck (SLIDESHOW)

BNE Real Estate Group has taken the wraps off a 228-unit luxury apartment building in Teaneck, offering a new suburban living option some five miles from Manhattan.