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
Apartments at historic Newark tower more than half leased, developers say

Renters have flocked to one of Newark’s latest and most distinctive apartment buildings, having leased more than 50 percent of the units at a converted historic office tower on Broad Street.

Residential & Mixed Use
Prism breaks ground on 232-unit rental project at Woodbridge train station

Construction is underway at the former site of an auto dealership in downtown Woodbridge, where Prism Capital Partners is building 232 apartments and ground-floor retail space.

Residential & Mixed Use
New apartments coming to site of iconic glass business in downtown Princeton

A development group led by a local family-owned business has broken ground on a project that will add six apartments to the site of historic glass business in downtown Princeton.

Residential & Mixed Use
JLL inks 504-unit apartment sale in Rockland County

A joint venture has sold a 504-unit apartment complex about five miles north of the Bergen County border, in a transaction arranged by JLL’s Morristown-based capital markets team.

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NJAA honors leading owners, professionals at annual awards gala

The New Jersey Apartment Association has recognized dozens of member owners, managers and other professionals as part of its 26th annual Garden State Awards of Excellence gala.

Finance & Capital Markets
Citizens Bank inks $55 million construction loan for 267-unit Elizabeth project

A development group has landed $55 million in financing for a planned 267-unit apartment complex in Elizabeth, in a newly closed transaction by Citizens Commercial Banking.

Finance & Capital Markets
Hudson County condo project lands $44 million in financing

A private lending platform has closed on a $44 million construction loan to the developer of a 55-unit condominium project in Union City.

Residential & Mixed Use
East Orange apartment building fetches $11.6 million, Gebroe-Hammer says

A private investor has acquired a 76-unit apartment building in East Orange for nearly $12 million, under a newly announced transaction by Gebroe-Hammer Associates.

Residential & Mixed Use
Kislak closes Jersey Shore investment sales totaling $8.5 million

An investor has acquired a 32-unit garden apartment complex in Long Branch for more than $4 million, in the largest of three newly announced transactions by The Kislak Co. Inc.

Finance & Capital Markets
Kennedy Funding inks $1 million loan for 22-acre project in Tulsa

Kennedy Funding has closed on more than $1 million in financing to help pave the way for a planned mixed-use development in Tulsa, Oklahoma.