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.

NJBA hails return of non-essential construction, pledges support for safety rules

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.

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…