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.

Hartz set to launch leasing at new 469-unit luxury rental complex

Hartz Mountain Industries is set to reveal the new 469-unit luxury apartment complex within its well-known, mixed-use Harmon Meadow development in Secaucus.

At NAIOP forum, coalition unveils playbook for redevelopment policy

A group of commercial real estate leaders gathered Tuesday to unveil a new policy agenda to promote smart growth and redevelopment, urging lawmakers and Gov.-elect Phil Murphy to take action that will help New Jersey stay competitive in the years to come.

On the market: The most expensive apartment in Jersey City history (PHOTOS)

LeFrak has unveiled what it says is the most expensive apartment listing in Jersey City history.

Public incentives: Building on the success of Grow New Jersey, ERG

Even the staunchest supporters of the state’s incentive programs believe it’s time for a change — but they stop well short of those who call for outright eliminating the powerful economic development tools. To that end, the Smart Growth Economic Development Coalition has proposed a series of amendments to incentives such as the Grow New Jersey tax credit and the Economic Redevelopment and Growth grant. The group cited the need to right-size the offering to reflect changes in the market and to help a broader swath of businesses, while also adding flexibility to the program and rebalancing its policy objectives.

High-powered industry coalition seeks to provide a roadmap for new governor, Legislature

A coalition of commercial real estate industry leaders has unveiled a new set of proposals for Gov.-elect Phil Murphy and state lawmakers, seeking to refine policies that have spurred economic development in recent years and address some of New Jersey’s most glaring needs.

Local land use: Creating predictability, uniformity

Rather than try to replace the Municipal Land Use Law or strip local governments of the ability to control zoning in their town, the Smart Growth Economic Development Coalition has outlined what it says are reasonable, practical changes to help streamline development, create more certainty and encourage new business growth in the state. Those changes include steps such as standardizing non-residential site improvement requirements, creating more consistency across the entitlement process and softening the approval process for projects that will help create affordable housing.

Transit-oriented development: Prioritizing, streamlining public-private partnerships

The Smart Growth Economic Development Coalition has crafted a set of recommendations to prioritize transit-oriented development projects they say would benefit both private-sector developers and the cash-strapped NJ Transit.

Developer breaks ground on new 64-unit affordable housing project

Residential developer Walters Group has started construction on a new 64-unit, income-restricted apartment complex at the site of a former pipe factory in Burlington County.

Leadership lessons in a rapidly changing world

NAIOP’s premier industry event this fall was CRE.Converge 2017 in Chicago, which attracted nearly 1,500 attendees from across North America. Held Oct. 10 to 12, the conference provided valuable insights into cutting-edge trends in the commercial real estate industry and projections for the future.

Camden County apartment complex sold for $79 million

Multifamily investment firm Morgan Properties has acquired a four-building, 1,030-unit apartment complex in Collingswood for $79 million.