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.

Residential & Mixed Use
Plainfield rental portfolio sells for $6.4 million, Gebroe-Hammer says

An investor has sold a four-building, 58-unit apartment portfolio in Plainfield for $6.4 million, some two years after acquiring the properties.

Government & Public Policy
Saxum announces new $100 million fund for Opportunity Zones

Development and investment firm Saxum Real Estate has launched a $100 million fund dedicated to projects in newly created federal Opportunity Zones, as it prepares for the program’s highly anticipated rollout later this year.

Government & Public Policy
Flood wall decision looms large for Hoboken rail yards project

State officials could soon make a decision on key flood protection measures in Hoboken — one that could make or break a long-awaited, 2.3 million-square-foot redevelopment of the rail yards at the southern edge of the city.

Residential & Mixed Use
Investors pay $17.7 million for 37-unit Hoboken building

An investment group has made its first foray into Hoboken, acquiring a 37-unit uptown apartment building from a longtime family owner.

Residential & Mixed Use
Developer, public officials hail new affordable housing in Newark

A developer joined local and state officials on Wednesday to break ground on a 60-unit affordable housing project in Newark’s North Ward, where plans call for redeveloping the former site of a Boys & Girls Club.

Office
Marcus touts mixed-use building sales in Bayonne

Two mixed-use properties in Bayonne have changed hands for a combined $3 million, following transactions arranged by Marcus & Millichap.

Residential & Mixed Use
Construction set to begin for 84-unit rental project in Newark

A development group is set to break ground on 84 new apartments just north of downtown Newark, a project that will revitalize a busy corner just off Interstate 280.

Office
SJP launches new division for third-party development, construction services

SJP Properties has announced the creation of a new division within the firm, formalizing its push to expand its third-party development and construction management business.

Residential & Mixed Use
New 185-unit Englewood property hits leasing milestone

Developers are touting the response to a new luxury rental complex in downtown Englewood, where they have leased more than a third of its 185 units in just about six weeks.

Government & Public Policy
A fond farewell: Lizura reflects on 22 years with EDA, prepares for what comes next

Tim Lizura is now considering his next step after 22 years with Economic Development Authority, where he had become a fixture in New Jersey’s commercial real estate sector and a key player in the effort to revive cities such as Newark, Camden and New Brunswick.