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
Russo delivers first phase of 1,250-unit rental project in Union

Russo Development has opened the doors to the first piece of what will be more than 1,200 luxury apartments adjacent to Kean University and the Union train station.

Residential & Mixed Use
Penthouse at Asbury Park condo tower fetches $5 million

A penthouse at a new Asbury Park condominium tower has sold for $5 million, in a sign of strength for the ongoing revitalization of the city’s iconic waterfront.

Residential & Mixed Use
JMF, local officials hail opening of Plainfield’s largest-ever residential project

JMF Properties has marked the opening of more than 200 new luxury apartments in Plainfield, joining local officials to hail the latest addition to the city’s housing stock.

Residential & Mixed Use
Sanzari completes 1031 exchange, purchasing 24-unit rental complex in Essex County

Alfred Sanzari Enterprises has acquired a 24-unit luxury apartment community in Essex County as part of a newly completed 1031 exchange.

Residential & Mixed Use
Mixed-use Journal Square building sells for $3.4 million, Grid says

A mixed-use, 20,000-square-foot building in the Journal Square section of Jersey City has changed hands, following a $3.4 million transaction by Grid Real Estate LLC.

People
Diversified names new vice president, corporate counsel

Diversified Properties LLC has bolstered its executive team with the addition of a new vice president and corporate counsel.

Residential & Mixed Use
Michaels, Camden housing authority break ground on 75-unit project

A partnership has kicked off the next phase of a plan to redevelop a former public housing complex in Camden, breaking ground on 75 apartments in the city’s Centerville neighborhood.

Office
L+M unveils office space at landmark Newark tower, now a mixed-use destination

A development and brokerage team has taken the wraps off more than 50,000 square feet of available office space inside one of downtown Newark’s most iconic buildings.

Residential & Mixed Use
Jersey City: Mack-Cali completes $409 million acquisition of two-tower rental complex

Mack-Cali Realty Corp. has closed on the latest addition to its Jersey City residential portfolio, acquiring a two-tower, 648-unit apartment complex for $409 million.

Residential & Mixed Use
JLL: Bijou closes on Montclair development site

Bijou Properties has completed its acquisition of a development site in downtown Montclair, under a transaction arranged by brokers with JLL.