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
New 16-unit rental building in Paterson trades for $4.3 million, Kislak says

An investor has acquired a new 16-unit luxury apartment building in Paterson for $4.25 million, in a deal arranged by The Kislak Co. Inc.

Residential & Mixed Use
Hudson Atlantic brokers sale of 18-unit rental complex in Englishtown for $4.2 million

A private buyer has closed on an 18-unit apartment complex in Monmouth County for $4.2 million, according to brokers with Hudson Atlantic.

Residential & Mixed Use
Alpine, Fields Grade hit leasing milestone at new 87-unit Jersey City rental property

Alpine Residential and Fields Grade have leased more than 50 percent of a new 87-unit luxury rental building in Jersey City, their latest offering in the growing Bergen-Lafayette section.

Residential & Mixed Use
JLL: Buyer wanted for Connecticut townhome complexes with combined 406 units

Two high-end townhome complexes in Greenwich, Connecticut, are on the market for sale by way of new listings by JLL’s Morristown-based capital markets team.

Residential & Mixed Use
Newark Museum joins LMXD, MCI to break ground on 250 apartments, new artist spaces

Construction is underway on a project that will expand the footprint of The Newark Museum of Art, infusing the property with new mixed-income housing and public and exhibitions spaces.

Residential & Mixed Use
Hampshire launches leasing at new 270-unit luxury rental building in downtown Hackensack

Leasing is underway at Ora, a new 270-unit luxury apartment building that The Hampshire Cos. unveiled late last year in downtown Hackensack.

Residential & Mixed Use
Construction underway on Walters’ new 73-unit affordable housing property in Hainesport

Walters has broken ground on a collection of 73 upscale, income-restricted apartments in the Burlington County township of Hainesport.

Deals
Cervelli: North Bergen mixed-use building changes hands as tenant buys property

A tenant at a nearly 4,000-square-foot mixed-use building in North Bergen has acquired the property, in a newly announced deal by Cervelli Real Estate.

Residential & Mixed Use
Fidelco, Diversified sell 393-unit Union rental property for $132 million, JLL says

Fidelco Realty Group and Diversified Properties have sold a newly developed, 393-unit luxury apartment complex in Union Township for nearly $132 million, in a deal arranged by JLL.

Finance & Capital Markets
Silver Arch closes $14.5 million bridge loan for Brooklyn condominium units

Silver Arch Capital Partners has completed a $14.5 million bridge loan to the developer of a condominium property in Brooklyn’s Williamsburg section.