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.

Finance & Capital Markets
Meridian inks $27.5 million loan for 117-unit rental project in Somerville

The developer of a newly built, 117-unit apartment building in Somerville has refinanced for $27.5 million, under a newly announced transaction by Meridian Capital Group.

Residential & Mixed Use
Jersey City: Lennar subsidiary plans summer delivery for 180-unit rental tower

A developer has completed vertical construction for its first project in the Northeast — an 18-story apartment building in Jersey City — with plans to deliver the property this summer.

Residential & Mixed Use
Developer unveils new 74-unit rental project in Lakewood

TFE Properties has completed the first piece of a new apartment community in Lakewood, a 74-unit complex located between Route 9 and the Garden State Parkway.

Finance & Capital Markets
Amboy Bank, B-360 ink $33 million construction loan for East Orange project

Amboy Bank has closed on a $33 million construction loan for the developer of an 18-story luxury residential building in East Orange, the latest partnership between the two entities.

Residential & Mixed Use
Investment firm has keyed on transit-centric, workforce housing in northern New Jersey

A real estate investment and management firm has quietly built a portfolio of transit-centric, workforce housing properties in northern New Jersey — with local holdings that have grown to some 40 properties with more than 2,000 apartments — and it sees a continued opportunity for expansion in the state and in the region.

Government & Public Policy
Murphy: Developers can seek up to $4 million under proposed historic tax credit program

Gov. Phil Murphy is hoping to lure new investors to some of the state’s oldest buildings, touting a proposed historic preservation tax credit as part of his plan to overhaul New Jersey’s embattled incentive programs.

Residential & Mixed Use
Hollister, RBH mark topping out for new Rutgers building in Newark

A new residential and academic building for nearly 400 Rutgers University students in Newark is on track to open this summer after topping out earlier this month.

Residential & Mixed Use
Rental portfolio in Hudson, Bergen fetches $75 million

A private investor has acquired an 18-building, 487-unit multifamily portfolio in Hudson and Bergen counties, under a $75 million deal arranged by Gebroe-Hammer Associates.

Finance & Capital Markets
Investors touts $2.48 billion in commercial real estate lending in 2018

Investors Bank inked nearly $2.5 billion in commercial real estate loans in 2018, including $385 million in volume across 19 transactions to close out the year.

Retail
NAI Hanson inks sale of office, retail property in downtown Montclair

An investor has acquired a nearly 3,500-square-foot office and retail building in downtown Montclair, under a transaction arranged by NAI James E. Hanson.