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
Investor closes $1.3 million multifamily deal in Orange

A local real estate investment and development firm has expanded its holdings in Orange, acquiring a 12-unit multifamily property for $1.32 million.

Residential & Mixed Use
Business group honors Maplewood rental project for design, local impact

One of the state’s largest trade groups has recognized a boutique rental project in downtown Maplewood for its design and its impact on economic development.

Government & Public Policy
Newark awarded $24 million HUD grant for public housing upgrades

The federal government has awarded more than $24 million to the city of Newark to fund a series of major capital improvements to public housing properties.

Residential & Mixed Use
HFF: Would-be redevelopment site sold in Journal Square

The site of a well-known diner in Jersey City has changed hands, paving the way for potential redevelopment in the city’s newly revitalized Journal Square neighborhood.

Residential & Mixed Use
Solomon portfolio reaches 15,000 units in 10 states after two-year flurry

The Solomon Organization, a Summit-based multifamily owner and investor, is touting a major expansion of its portfolio after more than $1 billion worth of activity over the past two years.

Retail
Industry leader Reinhart joins Brunelli to lead mixed-use development practice

R.J. Brunelli & Co. has hired Peter S. Reinhart, the head of Monmouth University’s real estate program and a former longtime executive with Hovnanian Enterprises, to lead a new division within the retail brokerage focused on mixed-use developments.

Office
Mack-Cali, Bow Street continue clash over proposed board takeover, portfolio sale

Mack-Cali Realty Corp. has rebuffed another offer from investors seeking to acquire its office holdings and take control of its board, calling it a “grossly inadequate, unworkable and self-interested proposal” that would shortchange shareholders and doom its residential business.

Residential & Mixed Use
Somerville: Developer hails lease-up of 69-unit rental property

Renters have flocked to a new 69-unit residential property in downtown Somerville, filling the luxury apartment building less than three months after it opened for leasing.

Event Coverage
Holistic thinking, public-private approach remain a focus at New Jersey Future’s redevelopment forum

New Jersey Future’s annual Redevelopment Forum drew a crowd hundreds to New Brunswick recently, in a show of support for big-picture planning, adaptive reuse and public-private collaboration when it comes to development in the Garden State.

Residential & Mixed Use
Developers, HMFA unveil 48-unit affordable project in Ocean Township

A development team has completed nearly 50 new apartments in Ocean Township as part of the state’s ongoing effort to bring new affordable housing to areas impacted by Hurricane Sandy.