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
Developers of mixed-use Jersey City property ink $42 million refi, JLL says

A development group has refinanced a newly built, mixed-use apartment and retail property in Jersey City, under a $42 million transaction arranged by JLL.

Hospitality & Tourism
Weiss Properties plans Marriott hotel and mixed-use development in Florence

Weiss Properties will develop 240 apartments, a 104-room Marriott Town Place Suites hotel and restaurant space at the intersection of Route 130 and Cedar Lane in Florence Township, the New Brunswick-based firm announced.

Residential & Mixed Use
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.

Retail
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.

Residential & Mixed Use
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.

Retail
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.

Residential & Mixed Use
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.

Residential & Mixed Use
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.

Residential & Mixed Use
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.

Residential & Mixed Use
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.