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.

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Morristown’s transformation set to continue with new office, residential projects

Morristown has become one of New Jersey’s premier transit-oriented areas situated within a unique urban/suburban setting. Morristown’s 24/7 vibrant downtown is defined by its walkable and rapidly growing retail and residential developments. The heart of the commercial corridor surrounds the Morristown Green, a two-and-a-half-acre park that is bordered by upscale housing, office towers along with many restaurants and shopping options, attracting a high concentration of millennials.

Residential & Mixed Use

Marcus inks $7.5 million fractured condo sale in Toms River

An investment group has paid more than $7.5 million to acquire a 52-unit fractured condominium package in Toms River, according to Marcus & Millichap.

Nonprofit finds new headquarters, acquires mixed-use building in Hawthorne

A nonprofit has acquired a nearly 11,000-square-foot building in Hawthorne, with plans to use the mixed-use property as its new headquarters and fourth location.

Residential & Mixed Use

JLL: Newly developed rental building in Jersey City sells for $53 million

A joint venture has sold a newly built, 104-unit apartment building in Jersey City’s Bergen-Lafayette neighborhood, in a $53 million transaction brokered by JLL.

Residential & Mixed Use

Brooklyn landlord sells 255-unit Newark portfolio for $22 million

An eight-building, 255-unit apartment portfolio in Newark has changed hands for more than $22 million, following an off-market transaction arranged by Alpha Realty.

Finance & Capital Markets

REIT acquires Hoboken retail, rental portfolio, reportedly for $203 million

A joint venture has acquired a 39-building, mixed-use portfolio in Hoboken, brokers with Newmark Knight Frank announced, in a deal reportedly valued at more than $200 million.

Residential & Mixed Use

Hudson County rental portfolio trades for $65 million, Gebroe-Hammer says

A portfolio of 400 apartments across northern Hudson County has changed hands for $65 million, following a transaction arranged by Gebroe-Hammer Associates.

Residential & Mixed Use

Ironstate, Brookfield launch leasing at 309-unit rental project in Jersey City (SLIDESHOW)

A development group is set to unveil more than 300 new apartments in the emerging Bergen-Lafayette section of Jersey City.

Residential & Mixed Use

Stockton, AC Devco proceeding with new Atlantic City residence hall

A development team is moving ahead with plans for a new Stockton University residence hall in Atlantic City, the next phase of a major redevelopment in a key section of the resort town.

NJBA, NAIOP postpone events amid coronavirus concerns

The escalating coronavirus crisis rippled through New Jersey’s commercial real estate sector on Thursday, as two top trade associations were among those to postpone upcoming events.