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.

Procida inks $40 million loan for 242-unit rental project in Carteret

The developer of a 242-unit apartment community in Carteret has secured nearly $40 million in financing, under a newly announced transaction by Procida Funding.

Leasing underway at new 14-story apartment tower in Jersey City

A developer is welcoming its first residents to a collection of 148 luxury apartments in downtown Jersey City.

Montclair rental building 50 percent leased

A new boutique apartment building in Montclair is 50 percent leased, reaching the milestone a month after opening its doors to residents.

Kennedy Funding lends $2 million to Texas property owner

Kennedy Funding has closed on nearly $2 million in financing for the owner of two land tracts in Fort Worth, Texas, paving the way for a separate transaction in the city.

NJBA honors top communities, professionals at annual SAM awards

Some of the state’s newest residential communities shared the spotlight last week, headlining dozens of honorees at an annual banquet hosted by the New Jersey Builders Association.

Joint venture opens latest luxury rental project in Jersey City

A joint venture has opened the doors to a 137-unit apartment building in Jersey City, the latest piece of a project that has transformed a onetime industrial neighborhood.

Developer unveils 58-unit apartment building in downtown Morristown

A developer has taken the wraps off a boutique apartment building in Morristown, seeking to lure renters with oversized floorplans and a location near the town’s central business district.

NYL closes $36.5 million mortgage for Morristown apartment, retail building

The owner of a 130-unit luxury apartment building in Morristown has secured a $36.5 million mortgage, in a newly announced transaction by New York Life Real Estate Investors.

Progress Capital inks $13.5 million in financing for Queens rental project

Progress Capital has arranged $13.5 million in financing for a redevelopment project in New York City’s Rockaway Park neighborhood.

KRE Group launches construction at second piece of Bayonne residential project

Kushner Real Estate Group has broken ground on the second piece of a luxury multifamily project in Bayonne, with plans to deliver more than 200 additional units by late next year.