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.

Photos
Condo tower hosts gallery event, showcases Jersey City mural program

A soaring luxury condominium tower under construction in Jersey City recently became a showcase for the city’s vibrant public art scene, hosting a one-night gallery event that drew local officials, artists and other stakeholders.

Residential & Mixed Use
Developers launch residential construction at mixed-use Elizabeth project

A developer has broken ground on the latest piece of a mixed-use project in Elizabeth, where it plans to build nearly 50 new homes at the former site of vacant brownfield property.

Finance & Capital Markets
Developers of 421-unit Bogota project land $60 million construction loan

A development team is moving forward with a new 421-unit luxury apartment project in Bogota with the help of a newly announced, $60 million loan arranged by Cushman & Wakefield.

Residential & Mixed Use
Boonton community is latest New Jersey project for AvalonBay

AvalonBay Communities Inc. has taken the wraps off its latest New Jersey project, debuting a new 350-unit luxury apartment property off Interstate 287 in Boonton.

Professional Services
Vantage RES names new director of investment sales

Vantage Real Estate Services has hired a 35-year commercial real estate industry veteran as its new director of investment sales.

Residential & Mixed Use
Hitting home: Professionalism, advocacy are long-held values for NJAA president

With six months to go as president of the New Jersey Apartment Association, industry veteran Steve Waters says he will continue his focus on both education and government affairs — supporting a membership that comprises more than 210,000 units statewide.

Residential & Mixed Use
South Jersey rental portfolio sells for $5.7 million, Marcus says

Three garden apartment complexes with a combined 95 units have changed hands in southern New Jersey, in a nearly $5.7 million transaction arranged by Marcus & Millichap.

Finance & Capital Markets
CBRE inks $57 million refinance for Essex, Hudson portfolio

The owner of a 13-property residential and mixed-use portfolio in Essex and Hudson counties has refinanced the properties for $57 million, brokers with CBRE announced Wednesday.

Residential & Mixed Use
Diversified launches construction for East Rutherford rental building

A developer has broken ground on a 35-unit apartment building in East Rutherford, offering a location near Route 17 and midway between two Bergen County train stations.

Professional Services
Red Bank branding, marketing firm with CRE practice announces merger

A design and marketing firm with a growing real estate practice has expanded its capabilities with a newly completed merger.