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
Growth in 2016 fuels hiring by design firm DMR

DMR Architects has added 10 new team members in 2016, expanding its staff by nearly 33 percent as it responds to a 30 percent growth in billing during the year.

Residential & Mixed Use
Triumphant AvalonBay unveils new Princeton community

AvalonBay Communities Inc. has opened the doors to its new community in Princeton, marking the completion of one of New Jersey’s more fiercely contested redevelopment projects in recent years.

Residential & Mixed Use
Kislak touts nearly $9M in Hudson County sales

A new 20-unit apartment building in Bayonne has sold for more than $5.8 million, the largest among six investment sales in Hudson County brokered recently by The Kislak Co. Inc.

Office
Nonprofit’s new HQ builds on decades of commitment

Community Access Unlimited opened a new 60,000-square-foot headquarters in Elizabeth. The five-story, $11 million building features office space for both CAU and local businesses, along with community spaces such as a 400-seat auditorium on the ground floor.

Residential & Mixed Use
Sanzari acquires Metuchen rental complex

Alfred Sanzari Enterprises has acquired a newly built 49-unit apartment complex in Metuchen, expanding the company’s reach in the central New Jersey residential market.

Government & Public Policy
Rutgers conference to shine a light on affordable housing stalemate — and solutions

As the state Supreme Court weighs the issue of affordable housing, stakeholders will gather later this month to shed light on the issue and tackle one of New Jersey’s most divisive and seemingly unsolvable public policy questions of the past three decades.

Residential & Mixed Use
Hekemian starts leasing at new Englewood apartments

The S. Hekemian Group has taken the wraps off a new 195-unit luxury apartment building in Englewood, the latest piece of its mixed-use redevelopment known as Englewood South.

Residential & Mixed Use
Advance opens new Hoboken rental building

With the rebuilt 14th Street viaduct as a backdrop, Advance Realty joined public officials on Wednesday to unveil its new luxury apartment building in northern Hoboken.

Finance & Capital Markets
Gebroe-Hammer brokers three Jersey Shore multifamily deals

Two multifamily properties in Asbury Park have changed hands for more than $9 million, one of three Jersey Shore-area deals arranged recently by Gebroe-Hammer Associates.

The Rundown
Reports: 100,000 affordable units at stake in Supreme Court case

Arguments before the state Supreme Court are now underway in one of more pivotal cases tied to New Jersey’s beleaguered affordable housing policy, centering on the so-called gap years in which developers and towns were without clear guidelines.