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
Miami apartment owner invests in 401-unit Newark high-rise

A high-rise apartment complex in Newark’s Forest Hill section has changed hands for $73 million, drawing a preferred equity investment from a Miami-based multifamily owner.

Residential & Mixed Use
PAM Properties, Cervelli lead turnaround of Ocean County apartment complex

An ownership and management team is hailing the turnaround of a 344-unit apartment complex in Ocean County, spurring improved retention and an increase in rental rates as part of an effort that has garnered acclaim from the industry’s top trade association.

Finance & Capital Markets
JLL details equity, debt package for 267-unit Elizabeth project

The firms behind a high-profile redevelopment project in Elizabeth have landed more than $20 million in equity alongside a $55 million construction loan, under a set of transactions by JLL.

Residential & Mixed Use
Marcus inks sale of Hoboken, Union City apartments

Two Hudson County apartment properties have changed hands for a combined $5.86 million, under a set of newly announced transactions by Marcus & Millichap.

Professional Services
Marchetto wins prestigious ‘firm of the year’ honor from AIA-NJ

Marchetto Higgins Stieve Architects has earned a prestigious honor from a top industry association, thanks in part to its major expansion amid the state’s ongoing apartment boom.

Finance & Capital Markets
Procida inks $39 million construction loan for 200-unit Middlesex project

A developer has landed $39 million in construction financing for a new 200-unit apartment complex in Middlesex County, under a newly closed transaction by Procida Funding.

Residential & Mixed Use
M&T closes $100 million loan for Hartz, Maxal rental project in Weehawken

A joint venture has secured $100 million in financing for a newly delivered, 236-unit apartment building along the Hudson waterfront, in a newly announced transaction by M&T Bank.

Residential & Mixed Use
Apartments at historic Newark tower more than half leased, developers say

Renters have flocked to one of Newark’s latest and most distinctive apartment buildings, having leased more than 50 percent of the units at a converted historic office tower on Broad Street.

Residential & Mixed Use
Prism breaks ground on 232-unit rental project at Woodbridge train station

Construction is underway at the former site of an auto dealership in downtown Woodbridge, where Prism Capital Partners is building 232 apartments and ground-floor retail space.

Residential & Mixed Use
New apartments coming to site of iconic glass business in downtown Princeton

A development group led by a local family-owned business has broken ground on a project that will add six apartments to the site of historic glass business in downtown Princeton.