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
Developers host grand opening for 91-unit Newark property

A development team has opened its 91-unit luxury apartment property in Newark’s bustling North Ironbound neighborhood.

Residential & Mixed Use
C&W: Buyer wanted for 126-unit rental project at historic Hackensack site

An investment group is seeking a buyer for what will become a two-building, 126-unit luxury apartment complex at the site of a historic bank tower in Hackensack.

Events
Industry leaders Zucker, Marchetta honored at annual Monmouth dinner

A crowd of hundreds turned out Thursday for Monmouth University’s 26th real estate awards dinner, honoring Ralph Zucker and Anthony Marchetta as part of an annual scholarship fundraiser and show of support for the university’s Kislak Real Estate Institute.

Government & Public Policy
Newark developers, city leaders unveil long-awaited park project near Prudential Center

Developers and city officials gathered in Newark on Thursday to mark a milestone more than a decade in the making — the opening of a new public park adjacent to the Prudential Center, setting the stage for a wave of new investment between the arena and Newark Penn Station.

Residential & Mixed Use
Developers, officials hail completion of key redevelopment project in Red Bank

A joint venture has unveiled a boutique apartment building in downtown Red Bank, bringing new life to a long-vacant site and paving the way for additional redevelopment in the borough.

Office
Mack-Cali will evaluate business plan, explore possible sale with new committee

Mack-Cali Realty Corp. will form a committee of independent directors to review the company’s efforts to reposition its portfolio, while exploring a potential sale of the business or any of its properties in the wake of an ongoing proxy fight with activist investors.

Office
Denholtz announces rebrand, relocation to new headquarters in Red Bank

The development and investment firm long known as Denholtz Associates has unveiled a new name and a new corporate headquarters to go along with what it says is a refocused strategy.

Residential & Mixed Use
SJP hits 60 percent leasing milestone at second Fort Lee rental tower

SJP Properties is touting a leasing milestone at the second of two 47-story residential towers in Fort Lee, part of a high-profile redevelopment at the foot of the George Washington Bridge.

Residential & Mixed Use
Jersey City apartment buildings trade for $5.3 million, Marcus says

Two Jersey City apartment buildings with a combined 14 units have changed hands for more than $5.3 million, under a pair of transactions arranged by Marcus & Millichap.

Office
Atkins, Woodmont hail lease-up of medical office building in Gloucester Co.

A new 40,000-square-foot medical office building in Gloucester County is fully leased, marking the latest milestone for a joint venture’s mixed-use redevelopment project.