JMF Properties has kicked off construction for a planned 110-unit luxury rental property at the border of Glen Ridge and Montclair.
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.
Seeking a solution, Assembly budget leader calls for extending deadline for state incentives
With the state’s two main incentive programs set to expire on June 30, a high-ranking state lawmaker called on Gov. Phil Murphy to consider extending the deadline and allow policymakers to revamp the tax credit offerings without interruption.
Jersey City: Ironstate, Panepinto hail leasing milestone at 539-unit rental tower
Renters have flocked to a newly built, 51-story apartment tower in downtown Jersey City, leasing more than 400 of its 539 units since late last year.
Wilcox inks $32 million loan for 151-unit rental complex in Maplewood
G.S. Wilcox & Co. has secured $32 million in financing for the owner of a recently built, 151-unit apartment community in Maplewood.
Joint venture, HMFA top out 100-unit rental project in West Orange
A mixed-income project that will bring 100 new apartments to Essex County is slated for delivery by year-end, as its developers gathered last week to mark a construction milestone.
Ballet company takes the stage at New Brunswick PAC
Future tenants of the New Brunswick Performing Arts Center are already making themselves at home, even as construction continues at the high-profile development project.
Newark Broad Street’s time to shine
Having started my commercial real estate career in Newark, New Jersey in the late 1980s, I’ve had a front row seat to the evolution of The Brick City, and specifically the strides taken by the community toward enhancing the soul of the downtown area. What was once a city centered largely around Newark Penn station, the region has experienced new growth, particularly northward and westward toward the Broad Street corridor. Additionally, while improvements over the past two decades were slow, but steady, the past five years have seen a more intense ramp up in activity.
Grand opening slated for 91-unit Newark rental project
Developers are preparing to take the wraps off a new residential building in Newark’s North Ironbound section, having already leased nearly half of its 91 luxury apartments.
Sussex rental property sells for $16.6 million
A private investor has acquired a 134-unit apartment complex in Sussex County, under a newly announced transaction by Gebroe-Hammer Associates.
Investor closes $1.3 million multifamily deal in Orange
A local real estate investment and development firm has expanded its holdings in Orange, acquiring a 12-unit multifamily property for $1.32 million.
