The New Jersey Builders Association is praising Gov. Phil Murphy’s decision to allow non-essential construction to resume in New Jersey, while pledging support for the guidelines included as part of the executive order that lifted the restriction.
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.
Kislak inks sale of apartment complexes in Camden County, Southeast Pennsylvania
A private buyer has acquired a 40-unit apartment complex in Camden County, in one of three recent transactions by The Kislak Co. Inc.
Kennedy Funding closes $2.6 million loan for Brazil condo development
Kennedy Funding has closed more than $2.6 million in financing for the expansion of a condominium community in eastern Brazil.
South Amboy rental property sells for $43 million, Gebroe-Hammer says
An investor has paid more than $40 million to acquire a newly built, 125-unit rental development in Middlesex County, in a transaction arranged by Gebroe-Hammer Associates.
Marcus: Hudson County rental building fetches $14 million
A private owner has reaped $14 million from the sale of a 40-unit multifamily building in Hudson County, brokers with Marcus & Millichap announced Wednesday.
Judge upholds injunction against Montclair rent control law, landlords say
A group of property owners in Montclair has scored another victory in court, as it looks ahead to a hearing that could determine the fate of a hotly debated rent control ordinance in the town.
NJBA installs new officers, including Canuso as 67th president
A longtime homebuilding executive has taken the reins as president of the New Jersey Builders Association, with a mission that includes helping it navigate the ongoing public health crisis.
JLL inks $30 million loan for Bergenfield rental complex
The owner of a 237-unit garden apartment complex in Bergen County has secured $30 million in financing, brokers with JLL announced Tuesday.
Congregation sells Bergen County building, eyes new home under recent merger
A congregation has sold its 22,000-square-foot home in Bergen County, as it integrates with another faith-based organization at a new location in a neighboring town.
Investors eye buying, selling opportunities despite COVID challenges
By Joshua Burd Commercial real estate still holds opportunities for both sellers and investors — including those in New Jersey — provided they can navigate the challenges of the COVID-19 crisis. That was the message from experts who gathered Friday…
