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
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.

Residential & Mixed Use
Hornrock names new head of construction for $400 million multifamily pipeline

Hornrock Properties has hired a veteran construction executive to oversee the build-out of its growing multifamily pipeline in New Jersey.

Residential & Mixed Use
NJCU lures prestigious dance school, doubles apartment total at Jersey City arts project

A development team has doubled the number of apartments previously slated for a new performing arts complex on Jersey City’s west side, where New Jersey City University has now partnered with a world-renowned dance school that will relocate from Manhattan by 2021.

Residential & Mixed Use
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.

Residential & Mixed Use
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.

Finance & Capital Markets
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.

Residential & Mixed Use
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.

Residential & Mixed Use
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.