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
Toronto developer details 500-unit, mixed-use project in Jersey City

A developer has taken the wraps off a project that would add 500 residential units and 50,000 square feet of retail and gallery space to Jersey City’s Journal Square neighborhood.

Finance & Capital Markets
Englewood Cliffs lender inks $1.35 million loan for Florida rental building

Kennedy Funding has closed a $1.35 million loan for the owner of a 12-unit apartment building about an hour north of Miami, the Englewood Cliffs-based lender announced.

Residential & Mixed Use
Equity Residential expands in Jersey City, acquires 131-unit rental building

Equity Residential has acquired a 131-unit apartment community in Jersey City’s waterfront Paulus Hook neighborhood, brokers with Cushman & Wakefield said Monday.

Finance & Capital Markets
Progress inks $21 million refi loan for Jersey City multifamily owner

The owner of 11 multifamily buildings in Jersey City has obtained a $21 million loan to refinance the portfolio, in a transaction arranged by Progress Capital.

Finance & Capital Markets
KRE, National ink $258 million loan for Journal Squared phase two

Kushner Real Estate Group and National Real Estate Advisors LLC have closed on $258 million in construction financing for the second phase of Journal Squared, their high-profile mixed-use development in Jersey City’s historic Journal Square neighborhood.

Editor’s Note
New year, new optimism

Among those of you who shared your predictions for 2019, the worst thing I heard was “I’m not sure yet.” And if uncertainty is the worst thing we have in the year ahead, I think we’re well-equipped to take our chances. In the interim, we’re thrilled to begin our third full year of Real Estate NJ, the only New Jersey-based publication dedicated exclusively to commercial real estate.

Residential & Mixed Use
Mack-Cali to acquire new Jersey City apartment complex, Metropark office tower

Mack-Cali Realty Corp. is in talks to acquire one of Jersey City’s newest luxury residential properties while adding to its office holdings in the Metropark submarket, the latest among several transactions announced Thursday by the real estate investment trust.

Residential & Mixed Use
Gebroe-Hammer bullish on 2019 after $1.1 billion year

Gebroe-Hammer Associates is touting more than $1 billion in completed transactions in 2018, setting up for what it says will be a fruitful year for multifamily investment sales.

Residential & Mixed Use
Bijou promotes development exec, eyes expansion into Montclair and Morristown

Bijou Properties has announced a key promotion within its ranks as part of a plan to expand beyond its hometown of Hoboken and into markets such as Montclair and Morristown.

Residential & Mixed Use
AvalonBay details plans for mixed-use, $300 million project at Princeton Junction (VIDEO)

A plan that would bring 800 residential units, a hotel and an upscale retail plaza to the Princeton Junction train station in West Windsor is set to move forward in the coming months, setting a path for one of the state’s largest and most anticipated redevelopment projects.