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.

Capodagli breaks ground on 145-unit rental project, its latest in Linden

Capodagli Property Co. has kicked off the latest project in its fast-growing pipeline — a development that will bring 145 new apartments and a restaurant to its home city of Linden.

East Orange apartment tower trades for $22 million, Marcus & Millichap says

Investors have acquired a 206-unit apartment high-rise in East Orange for $22 million, in a deal announced Thursday by Marcus & Millichap.

CBRE announces new investment sale brokers in New Jersey

CBRE has added to its team of investment sale brokers in New Jersey with three new hires.

Developer set to break ground on 63 units in downtown Bound Brook

A developer is preparing to begin construction on a new 63-unit apartment building in downtown Bound Brook, the first of three phases that are part of the borough’s growing pipeline.

Greater Trenton names three new board members

Three new board members have joined Greater Trenton, the nonprofit organization aimed at guiding and spurring economic development in New Jersey’s capital city.

Developers hail completion of 114-unit complex at former Irvington hospital site

A development group has unveiled the first piece of a mixed-income residential project at the former site of a blighted, long-vacant hospital in Irvington.

Union City retail, apartment property trades for $1.8 million, Marcus says

A private investor has sold a 7,125-square-foot mixed-use building in Union City for nearly $1.8 million, brokers with Marcus & Millichap announced Tuesday.

Liquor license bill remains a balancing act despite support from developers, municipalities

While liquor license reform has broad support from the state’s commercial real estate sector, municipalities and many top business groups, it faces opposition from liquor store owners and large restaurant groups that already hold licenses. Others, who support the spirit of the bill, say it still needs to be tweaked when it comes to aspects such as the pricing of the new specialized licenses and the compensation structure for existing license holders.

Progress, with continued uncertainty: Questions remain as affordable housing moves forward in New Jersey, stakeholders say

The state’s long-running battle over affordable housing policy is still rife with uncertainty and unanswered questions, stakeholders say, even for the roughly 200 towns that have reached settlements on how they will zone for new development.

Developer, local officials hail opening of 212-unit Parsippany project

Mill Creek Residential is celebrating the opening of its new luxury apartment community in Parsippany, its third multifamily project in Morris County since 2015.