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.

Jersey City: Ironstate, KRE unveil units at 46-story apartment tower (SLIDESHOW)

Ironstate Development Co. and Kushner Real Estate Group are offering the first look inside a new 549-unit luxury apartment building in Jersey City, where leasing is now underway.

Edgewood opens 209-unit Freehold project, unveils veterans housing initiative

Edgewood Properties has opened the doors to a new luxury apartment complex in Freehold, where it has launched a leasing program that gives priority to current and former military personnel.

Capital Realty inks $2.25 million multifamily sale in Jersey City

An investor has paid $2.25 million for a pair of multifamily buildings in Jersey City, in a transaction arranged by Capital Realty Associates.

With new community on the rise, Weiss has his eye on another large Jersey City redevelopment

Having built nearly 800 apartments in an emerging section in Jersey City, veteran developer Sandy Weiss and his firm now hope to replicate that approach — seeking to build on their experience of trying to build a new neighborhood from scratch. The company is the designated master redeveloper for about four city blocks just east of the New Jersey Turnpike extension, where it has proposed building more than 2,300 apartments for a mix of income levels.

Apartment portfolio in Essex, Bergen fetches $300 million

A multifamily buyer has paid more than $300 million for a 134-building portfolio spanning more than 1,800 units in Essex and Bergen counties, Gebroe-Hammer Associates announced.

Roseland refinances luxury apartment property in Morris Plains

JLL has arranged $43 million in financing for a newly built, 197-unit luxury apartment property in Morris Plains developed by Roseland Residential Trust.

Paterson rental property sells for $1.3 million, Marcus says

A private investor has sold a 13-unit apartment property in Paterson for nearly $1.3 million, under a newly announced transaction by Marcus & Millichap.

CBRE touts Essex County apartment sales totaling $13.6 million

An investor has paid more than $7.3 million for a 47-unit apartment building in Orange, CBRE said, in the largest of four newly completed transactions in Essex County.

Development group launches first Opportunity Zone projects in Orange

A development team has concluded its first round of fundraising for two projects under the federal Opportunity Zone program, with plans to break ground next year on a combined 168 apartments near the Orange train station.

Developers land construction loan for 220-unit Englewood rental project

A joint venture is eyeing a 2020 delivery for new luxury apartments in Englewood, brokers with JLL said, having secured construction financing for the 220-unit project.