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
EDA approves $93 million in Aspire, historic tax credits to convert historic Newark office tower to affordable housing

A historic office building in downtown Newark is one step closer to becoming nearly 200 units of affordable housing after securing a pledge for more than $93 million in state tax credits.

Professional Services
MHS Architecture elevates Scheetz to associate

MHS Architecture has promoted David Scheetz to associate, touting his role in growing and setting the direction of the firm since joining its team more than a decade ago.

Residential & Mixed Use
Community Investment Strategies to preserve affordable senior housing in Lambertville

Community Investment Strategies has secured more than $15 million in financing to preserve and renovate an 86-unit affordable senior housing property in Lambertville.

Finance & Capital Markets
Ironstate, Panepinto refi Jersey City high-rises for $340 million in deal by JLL, BlueGate

Ironstate Development Co. and Panepinto Properties have secured $340 million to refinance a two-building, 938-unit multifamily property in downtown Jersey City.

People
Axria taps Reeves as development engineering manager, Ryan as CFO

Real estate firm Axria has made two key additions, hiring Daniel Reeves as a development engineering manager and William Ryan as chief financial officer.

Residential & Mixed Use
Lennar eyes debut of new housing developments in central, southern New Jersey

Lennar has expanded its presence in the state with the arrival of four new residential developments in central and southern New Jersey.

Finance & Capital Markets
CBRE: New 200-unit Monmouth rental project lands $40 million permanent loan

The owner of a newly built luxury apartment property in Monmouth County has secured $40 million in permanent financing, in a deal arranged by CBRE.

Residential & Mixed Use
CrownPoint, Crossroads break ground on 125-unit, townhome-style project in Randolph

Construction is underway on what will be a collection of 125 townhomes and apartments in Randolph, in a project that will add to the stock of new rental housing in Morris County.

Residential & Mixed Use
Accordia closes on West Caldwell site after landing approvals for 92-unit rental project

Accordia has secured final site plan approval from local officials for a project that will bring 92 luxury apartments to West Caldwell.

Government & Public Policy
NJBA hosts record-setting fundraiser for PAC as annual ‘Summer Soiree’ returns

The strength of the New Jersey Builders Association was on display last week as the organization hosted a record-setting fundraiser for its influential political action committee.