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.

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State’s Top Housing and Economic Development Officials, Innovators and Key Leaders Among Dynamic Housing and Economic Development Conference Speakers

Now in its 22nd year, the 2018 Governor’s Conference on Housing and Economic Development takes place October 2-3 at Harrah’s Waterfront Conference Center in Atlantic City with over 100 dynamic speakers and a special keynote address by Governor Murphy.

Top News
Building boom, condo tower put Jersey City on the map in skyscraper study

The development boom along the Hudson waterfront has put Jersey City in rare company, making it one of only 18 U.S. cities with at least five skyscrapers. That’s according to a recent study of high-rise architecture by Yardi Matrix, a commercial real estate research and data platform, which also found that Jersey City currently has the fourth-tallest building under construction in the U.S. That project, 99 Hudson, is a 79-story luxury condominium tower that is slated to rise 889 feet when it opens next year.

Finance & Capital Markets
Developers land $64 million loan for Hoboken ‘Wonder Lofts’ project

A joint venture has closed on a $64 million loan for its plans to convert a historic Wonder Bread factory in Hoboken into an 89-unit luxury residential building.

Residential & Mixed Use
Kislak inks $17 million apartment sale in Montclair

An investor has paid more than $17 million for a 68-unit apartment building and a nearby property in downtown Montclair, in a deal brokered by The Kislak Co. Inc.

Finance & Capital Markets
Progress closes $4.2 million loan for South Bronx project

Progress Capital Advisors has brokered more than $4 million in financing for the developer of a seven-unit luxury residential complex in the South Bronx, the Tinton Falls-based firm said.

People
Veteran estimator joins Hollister executive team

By Joshua Burd Hollister Construction Services has hired an industry veteran to lead its estimating team. In a news release Thursday, the firm announced the addition of Bruce Schlesier as vice president of estimating. In the new role, Hollister said…

Residential & Mixed Use
Newark housing complexes slated for $170 million rehab

An investment group has set out to revitalize two public housing complexes in Newark that city officials say are nearly uninhabitable, with plans to spend more than $170 million on the project and the full financial backing of the state.

Government & Public Policy
NJBA to recognize key players in homebuilding at annual PAC event

The New Jersey Builders Association will honor six of the state’s most influential homebuilders tonight, when industry leaders gather for an annual fundraiser for the organization’s political action committee.

Residential & Mixed Use
Prism completes site plan, eyes start of construction for Woodbridge rental project

Prism Capital Partners is poised to move forward with its redevelopment of five acres in downtown Woodbridge, where it’s planning a mixed-use project with more than 230 apartments.

Residential & Mixed Use
Garwood industrial site sold, slated for redevelopment, NAI DiLeo-Bram says

The owner of a 120,000-square-foot industrial building in Garwood has sold the property, paving the way for a potential redevelopment just steps from the borough’s train station.