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.

Finance & Capital Markets
M&T closes $66 million Fannie Mae loan for 393-unit Union rental property

The new owner of a 393-unit luxury apartment complex in Union has closed on nearly $66 million in financing, in a transaction arranged by M&T Realty Capital Corp.

Residential & Mixed Use
New World Group earns prestigious NAHB awards for FIAT House branding, marketing

Creative agency New World Group has earned national recognition for its work on a distinctive new apartment building at the foot of the George Washington Bridge in Fort Lee.

Special Report
Boiling over: Inside a developer’s seven-year saga in Mahwah — and the legal fight that’s now underway

The developers behind a long list of mixed-use, transit-oriented projects across the state have long hoped to bring that formula to Mahwah, touting the untapped potential of a tract at the township’s train station. Yet their attorneys say they’ve been stymied by years of stall tactics and legal obstructions by municipal officials, often without explanation or justification.

Residential & Mixed Use
Investor buys 57-unit Summit apartment complex for $21 million, Kislak says

A private investor has sold a 57-unit garden apartment complex in Summit for more than $21 million, in a newly announced deal by The Kislak Co. Inc.

Government & Public Policy
Rutgers real estate center leader Davis tapped as nation’s chief housing economist

Morris Davis, the longtime academic leader of the Rutgers Center for Real Estate, is joining the White House Council of Economic Advisers as the nation’s chief housing economist.

People
Denholtz adds Loy, Vasquez in key asset management positions

Denholtz has bolstered its asset management team with two new hires, welcoming commercial real estate industry veterans Warren Loy and Nicole Vasquez.

Residential & Mixed Use
Halpern reaches 80 percent leased at 337-unit Jersey City rental building

Halpern Real Estate Ventures has leased more than three-quarters of Birch House, its distinctive 337-unit luxury apartment building in Jersey City’s resurgent West Side.

Residential & Mixed Use
Hartz launches leasing at 250-unit Fairways at Cranford property

Leasing is underway at a new 250-unit multifamily property that has helped revitalize the former site of an aging office complex in Cranford.

Finance & Capital Markets
Lenders Cap closes $54 million construction loan for 251-unit rental project outside Miami

A developer has closed on a $54 million construction loan for a planned 251-unit multifamily project in South Florida, in a deal arranged by Lenders Capital Realty Services.

Residential & Mixed Use
Malas Development unveils 256-unit Teaneck rental building amid early leasing momentum

Malas Development has taken the wraps off a 256-unit luxury apartment building in Teaneck, with plans for a second phase next door as it transforms what was a large industrial site.