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.

Professional Services
Environmental firm touts milestone in N.J. cleanup program

A Hoboken-based firm is nearing a milestone in the state’s Licensed Site Remediation Professional program, having closed nearly 150 cases under the six-year-old guidelines.

Health Care & Education
CHA receives final OK for $57 million hospital redevelopment in Plainfield

A developer has completed its purchase of a shuttered hospital complex in Plainfield, clearing the way for a redevelopment that calls for a new medical arts complex and 120 apartments.

Residential & Mixed Use
Vango kicks off construction at 52-unit rental project in Rutherford

A developer has broken ground on a new 52-unit luxury apartment building in downtown Rutherford, touting a location just two blocks from rail and bus service to Manhattan.

Residential & Mixed Use
Developer sells Middlesex County apartments for $30 million, Gebroe-Hammer says

More than 50 years after completing a 152-unit garden apartment complex in Highland Park, the developer of the property has sold it for $30 million.

Office
Newark’s construction boom is bolstered by a long-awaited change in perception, CBRE says

Experts say Newark is enjoying not only a surge of new private-sector investment, but also a level of interest that is helping to break the stigma that has plagued it for decades.

Residential & Mixed Use
South Jersey apartment complex trades for $32.1 million

A multifamily owner has sold a 546-unit garden apartment complex in Camden County for $32.1 million, in a newly announced sale arranged by Gebroe-Hammer Associates.

Finance & Capital Markets
Raritan rental property refinances for $46 million

Meridian Capital Group has arranged a $46 million loan for a client to refinance a recently renovated, 224-unit apartment property in Somerset County.

Residential & Mixed Use
Cliffside Park condo developer names new marketing director

The developer of a 204-unit condominium building in Cliffside Park has hired a new director of marketing.

Retail
Jersey City tower adds coffee shop to retail mix

An area coffee shop chain is opening its next Jersey City location at Vantage, the 45-story luxury apartment tower in the city’s Liberty Harbor North neighborhood.

Residential & Mixed Use
SJP, local officials hail completion of second luxury tower in Fort Lee (SLIDESHOW)

A joint venture led by SJP Properties has formally unveiled its second 47-story apartment tower in Fort Lee, where local officials are hailing the project as a milestone decades in the making.