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.

People
Cure Breast Cancer Foundation, nonprofit with CRE ties, taps Perkins as executive director

Laela Perkins has stepped into the role of executive director of the Cure Breast Cancer Foundation, a nonprofit with connections to New Jersey’s commercial real estate industry.

Residential & Mixed Use
Leasing at Asbury Park’s SURFHOUSE starts strong as building welcomes first residents

Renters have arrived at a new luxury apartment property in Asbury Park after the launch of leasing by Starfield Cos., the developer that has revitalized large swaths of the city’s waterfront.

Residential & Mixed Use
Kislak: Garwood apartments sold for first time in decades, fetching $6.6 million

The longtime owner of a 36-unit apartment building in Garwood has sold the property for $6.6 million, brokers with The Kislak Co. Inc. announced this week.

Residential & Mixed Use
Developer buys fully approved site for 54-unit rental project in Jersey City, IPRG says

A developer has acquired a parcel in Jersey City with approvals in place for a new 54-unit apartment building, in a newly announced deal by Investment Property Realty Group.

Cover Story
On the horizon: NAIOP New Jersey is future-focused (at a pivotal time), with strategic plan in place and a governor’s race looming

This year’s gubernatorial and legislative elections loom large amid NAIOP New Jersey’s new four-year strategic plan and its focus on advocacy, creating new value for its members and elevating the commercial real estate sector in the minds of outside stakeholders.

Featured
KABR, Hornrock break ground on 216-unit rental project at Overpeck Corporate Center

Executives with KABR Group and Hornrock Properties joined Ridgefield Park Mayor Adam MacNeill and other officials on Oct. 22 to break ground on a new 216-unit luxury apartment building at 95 Challenger Road in Overpeck Corporate Center. — Courtesy: KABR/Hornrock…

Professional Services
Land use, redevelopment attorney Silbert joins MSW as counsel

Murphy Schiller & Wilkes LLP has bolstered its land use, zoning and redevelopment team with the addition of Michael E. Silbert as counsel.

Residential & Mixed Use
Harrison property with six rentals, retail space trades for $1.1 million, Cervelli says

An investor has purchased a six-unit apartment building with retail space in Harrison for $1.11 million, according to a team with Cervelli Real Estate & Property Management.

Government & Public Policy
Housing, industrial developments loom large in NJ Transit plan to monetize 8,000-acre real estate portfolio

NJ Transit has unveiled a plan to redevelop or better leverage its 8,000-acre real estate portfolio, touting the potential to create up to $1.9 billion in new revenue in the coming decades.

Residential & Mixed Use
JLL: Toll Brothers, partners sell 417-unit Jersey City rental tower to Rockpoint

A joint venture led by Toll Brothers has sold a 417-unit high-end apartment tower in Jersey City, in a deal that brokers touted as New Jersey’s largest multifamily transaction this year.