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.

Professional Services
Riding the wave: Booming multifamily sector has fueled the latest growth spurt for Planned Cos.

With roots that date back more than 100 years, a Parsippany-based firm that provides janitorial, security, concierge and other services has seen its business spike in recent years amid the wave of new construction and new ownership within the multifamily space.

Residential & Mixed Use
Walters debuts 64-unit project at ex-factory site in Burlington

Walters has completed its redevelopment of a former pipe factory in Burlington County, delivering a 64-unit income-restricted community steps from NJ Transit rail service.

Finance & Capital Markets
Kennedy Funding inks $1.6 million loan for Virginia residential site

Kennedy Funding has closed on a $1.575 million loan for the owner of a residential development site in northern Virginia to refinance the property.

Photos
Condo tower hosts gallery event, showcases Jersey City mural program

A soaring luxury condominium tower under construction in Jersey City recently became a showcase for the city’s vibrant public art scene, hosting a one-night gallery event that drew local officials, artists and other stakeholders.

Residential & Mixed Use
Developers launch residential construction at mixed-use Elizabeth project

A developer has broken ground on the latest piece of a mixed-use project in Elizabeth, where it plans to build nearly 50 new homes at the former site of vacant brownfield property.

Finance & Capital Markets
Developers of 421-unit Bogota project land $60 million construction loan

A development team is moving forward with a new 421-unit luxury apartment project in Bogota with the help of a newly announced, $60 million loan arranged by Cushman & Wakefield.

Residential & Mixed Use
Boonton community is latest New Jersey project for AvalonBay

AvalonBay Communities Inc. has taken the wraps off its latest New Jersey project, debuting a new 350-unit luxury apartment property off Interstate 287 in Boonton.

Professional Services
Vantage RES names new director of investment sales

Vantage Real Estate Services has hired a 35-year commercial real estate industry veteran as its new director of investment sales.

Residential & Mixed Use
Hitting home: Professionalism, advocacy are long-held values for NJAA president

With six months to go as president of the New Jersey Apartment Association, industry veteran Steve Waters says he will continue his focus on both education and government affairs — supporting a membership that comprises more than 210,000 units statewide.

Residential & Mixed Use
South Jersey rental portfolio sells for $5.7 million, Marcus says

Three garden apartment complexes with a combined 95 units have changed hands in southern New Jersey, in a nearly $5.7 million transaction arranged by Marcus & Millichap.