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.

1031 investor sells rental properties in Highland Park, Eastern Pa.

An investment group has sold a 26-unit apartment building in Highland Park as part of a 1031 exchange involving properties in New Jersey and Pennsylvania, The Kislak Co. Inc. said.

Atkins, Woodmont ink first retail tenants at mixed-use Washington Twp. project

Atkins Cos. and Woodmont Properties have signed three leases at a new 10,000-square-foot standalone retail building at their Washington Square Town Center project.

Diversified leases up Union rental property, plans 266-unit second phase

A developer is eyeing a fall groundbreaking for an additional 266 apartments in Union Township, following the lease-up of a 130-unit first phase that opened last year.

Brewery slated to open at mixed-use Orange project, L+M says

A redevelopment near the Orange train station is set to welcome a craft brewery as its latest retail tenant, marking a milestone for a municipality with deep roots in the beer industry.

NRP Group adds New Jersey affordable housing expert to development team

A national multifamily developer has bolstered its New Jersey team with the hiring of a longtime affordable housing expert in the state.

Buyer wanted for two-tower, 594-unit Newark development site, Meridian says

Brokers with Meridian Capital Group are seeking a buyer for a development site in downtown Newark, one that is fully approved for nearly 600 high-end apartments across two towers.

Value Cos. unveils renovations at 158-unit rental community in Bergen County

Value Cos. Inc. has completed a major upgrade of a 158-unit apartment complex in Saddle Brook, the development and management firm said this week.

CBRE: Garden, high-rise apartment portfolio fetches $146 million

A longtime New Jersey apartment owner has reaped $146 million from the sale of seven properties in Essex, Monmouth and Mercer counties, brokers with CBRE said Tuesday.

JLL closes sale of 18-story rental tower in Stamford

Brokers in JLL’s Morristown office have inked the sale of an 18-story luxury apartment tower in downtown Stamford, Connecticut.

Long overdue

In our July issue, we detail the efforts of New Jersey’s largest brokerage and service firms to support diversity and inclusion among their employees. This is nothing new for industry giants like CBRE, JLL and Cushman & Wakefield, but it’s become increasingly clear that these efforts are critical to recruitment, retention and overall employee culture. It’s why you’ll find these firms taking pains to promote and cultivate networking groups tied to gender, racial, lifestyle and other forms of diversity. That only stands to grow in our own local market and globally.