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.

Massive project by Ironstate, Panepinto has anchored a revival in Jersey City neighborhood

Over the past 15 years, Panepinto Properties and Ironstate Development have transformed an entire block in the heart of downtown Jersey City, delivering three towers with nearly 1,500 apartments, along with a 152-key hotel, a 1,000-space parking garage and street-level retail space along Columbus Drive. In the process, they have anchored the resurgence of a neighborhood just a few blocks from the Hudson River, paving the way for other projects in the booming multifamily submarket.

Developer opens 69-unit Somerville project, hails early leasing success

Sterling Properties has officially opened its new residential building near downtown Somerville, where it has quickly leased nearly half of its 69 luxury apartments.

New York Life, Roseland ink $117 million mortgage for Jersey City rental tower

New York Life Real Estate Investors has completed $117 million in financing for a three-year-old, 311-unit luxury apartment tower in Jersey City developed by Roseland Residential Trust.

Newark redevelopment plan backed by Queen Latifah slated for summer groundbreaking

A development group spearheaded by Queen Latifah is pushing ahead with a project in her native city of Newark, where it’s planning a mix of townhomes and affordable housing.

Developers unveil 236-unit rental complex in Weehawken’s Lincoln Harbor

The Maxal Group and Hartz Mountain Industries will soon open the doors to their new 236-unit luxury apartment building at the edge of the Hudson River in Weehawken.

Lease-up nearly complete at 153-unit Jersey City building, Fields says

One of Jersey City’s newest residential buildings is nearly fully leased after just five months, amid continued demand for high-end apartments along the Hudson waterfront.

Redwood: Multifamily trades in Middlesex, Sussex total $22.5 million

A new 80-unit, age-restricted rental property in Sayreville has changed hands for $13 million, in one of two recent multifamily transactions by Redwood Realty Advisors.

FirstService adds property management assignment in Burlington Co.

FirstService Residential has expanded its portfolio in southern New Jersey with a new property management assignment at a condominium community in Evesham Township.

Investors wanted for 288-unit Carteret apartment complex, HFF says

Brokers with HFF are seeking a buyer for a 288-unit apartment complex in Carteret, touting the property’s below-market rents and the opportunity for value-add upgrades.

Developers eye fall opening for 144-unit project at NJCU site in Jersey City

A joint venture is marching toward a fall opening for 144 new apartments on the west side of Jersey City, the latest piece of a plan to reshape the campus of New Jersey City University.