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.

Deals
C&W touts sale of Newark parking garage to Edison Properties

Edison Properties has added to its vast parking portfolio in downtown Newark with the acquisition of a 357-space garage, brokers with Cushman & Wakefield announced.

Finance & Capital Markets
Newark apartment owner refinances for $4.8 million, Progress says

The owner of an apartment building in Newark’s Weequahic neighborhood has refinanced for nearly $5 million, following a transaction brokered by Progress Capital Advisors.

Residential & Mixed Use
KRE Group acquires 304-unit Bayshore rental complex, Gebroe-Hammer says

Kushner Real Estate Group has purchased a 304-unit apartment complex in Monmouth County, in a $56 million transaction announced Thursday by Gebroe-Hammer Associates.

Residential & Mixed Use
Condo building opens in Newark’s Lincoln Park section

A developer has completed a new 18-unit condominium project in Newark, joining city officials on Thursday to open the doors to the building.

Residential & Mixed Use
Kennedy Funding touts $2.1 million loan for California development site

Kennedy Funding has closed on more than $2 million in financing for a developer’s purchase of 17.5 acres in northern California.

Government & Public Policy
Rutgers study seeks to unravel debate over rental units and school children

A new study is shedding new light on a widespread, age-old debate between developers and local governments in New Jersey: Do new apartments mean new school-age children? According to the findings, the answer depends on several key factors.

Residential & Mixed Use
Roseland launches leasing at 295-unit project, its latest at Port Imperial

Roseland Residential Trust is set to unveil nearly 300 new upscale apartments in Weehawken, the latest addition to the 200-acre Port Imperial development along the Hudson River.

Residential & Mixed Use
Developer announces rebrand, growing multifamily pipeline

With a growing pipeline, a Central Jersey developer is rebranding. Quantum Real Estate Group announced Wednesday that it will now go by Forte Real Estate Development.

Office
Walters details plans for new office building in Ocean County

Walters Homes is expanding its corporate footprint in Ocean County, with plans to open a new office building in Ship Bottom that will bring four of its divisions under one roof.

Retail
Planning board OKs plan for Monmouth Mall makeover

Kushner Cos. and Brookfield Properties have cleared a key hurdle in their plan to transform the Monmouth Mall, winning a long-awaited approval from the Eatontown planning board.