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.

Finance & Capital Markets
Joint venture inks $43 million refi for 288-unit rental complex in Plainsboro

A joint venture has landed a $43 million loan to refinance a 288-unit apartment complex in Plainsboro, following a series of upgrades aimed at creating value at the property.

Residential & Mixed Use
Gebroe-Hammer closes $20 million in multifamily sales along Parkway corridor

Five apartment properties with a combined 117 units have changed hands in Essex, Union and Monmouth counties, in a series of newly completed deals by Gebroe-Hammer Associates.

Finance & Capital Markets
G.S. Wilcox touts $57 million in new loans for commercial, multifamily clients

G.S. Wilcox & Co. has sourced a combined $13.2 million in financing for two commercial properties on Route 22, in transactions that come amid $57 million in recent activity.

Residential & Mixed Use
FREIT, Kushner Cos. agree to $266.5 million sale of 1,000-unit rental portfolio

A real estate investment trust is selling seven apartments properties in New Jersey and New York for $266.5 million, as the portfolio’s buyer continues to grow its suburban multifamily holdings.

People
MHS Architects hires project manager to support growing pipeline

Marchetto Higgins Stieve Architects has made its first new hire of 2020, continuing its rapid expansion amid the ongoing boom for luxury residential projects.

Residential & Mixed Use
Gold Coast condo building more than 75 percent sold

A waterfront residential building in West New York is more than 75 percent sold, thanks in large part to low mortgage rates and a rare winter surge in home buying activity.

Residential & Mixed Use
Developers unveil luxury apartments in Rahway, eye second phase

A joint venture has taken the wraps off a new 116-unit high-end apartment building in downtown Rahway, the first of two planned phases of a site just minutes from the city’s train station.

Retail
Developers announce LA Fitness, Lidl among new retailers at Bayonne project

A joint venture has added a national fitness operator and a grocery chain to its tenant mix at a development in Bayonne, the largest of five newly announced retail leases at the site.

Retail
Ripco named leasing agent for final phase of Pier Village retail space

Kushner Cos. has tapped Ripco Real Estate to oversee leasing and marketing for 40,000 square feet of retail space at Pier Village in Long Branch, as the well-known oceanfront development enters its third and final phase.

Finance & Capital Markets
Procida hails strong 2019, with $134 million in loan activity

Procida Funding & Advisors is touting the completion of nearly $135 million in originations in 2019, including a recent loan to help redevelop a historic pier destroyed by Hurricane Sandy.