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.

Residential & Mixed Use
Roseland, local officials hail ‘tremendous’ response to new Weehawken rental project

Mack-Cali Realty Corp. has opened the doors to the latest project by its Roseland Residential Trust subsidiary, a 295-unit luxury apartment building on the Weehawken waterfront, where renters have leased 90 percent of the homes in barely three months.

Residential & Mixed Use
Developers acquire Bayonne site slated for 651 apartments

A joint venture has closed on 14 acres on the former Military Ocean Terminal at Bayonne, paving the way for the development of more than 650 new luxury apartments.

Residential & Mixed Use
NJPAC taps Lizura to lead development efforts in Newark

Tim Lizura, a former longtime top executive with the state Economic Development Authority, has joined the New Jersey Performing Arts Center to oversee the development of the land around the downtown Newark venue.

Residential & Mixed Use
CIS details new 100-unit senior housing project in Atlantic County

Community Investment Strategies has broken ground on a new 100-unit, age-restricted affordable housing complex in Galloway, the developer announced last week.

Top News
Panepinto donates $10 million to Saint Peter’s, its largest-ever gift

Developer Joseph A. Panepinto has donated $10 million to Saint Peter’s University, marking the largest-ever philanthropic gift to the Jersey City school in its nearly 150-year history.

Residential & Mixed Use
Developer launches $20 million affordable housing rehab in East Orange

A developer has kicked off a $20 million rehabilitation of a 180-unit former public housing complex in East Orange, under a partnership with the city’s housing authority.

Residential & Mixed Use
Prism debuts apartments at historic Edison complex in West Orange (SLIDESHOW)

Prism Capital Partners has taken the wraps off its new apartments at Edison Village, an industrial-to-residential conversion of the historic Thomas Edison complex in West Orange.

Residential & Mixed Use
C&W marketing 135-unit rental portfolio in Woodbridge area

A seven-building, 135-unit apartment portfolio in Central New Jersey is on the market, Cushman & Wakefield announced, touting the potential for continued rent growth in properties that are less than five years old.

Finance & Capital Markets
Wilcox touts $2.5 million loan for historic Morristown property

G.S. Wilcox & Co. has brokered $2.5 million in financing for a nearly 24,000-square-foot, mixed-use building in downtown Morristown.

Finance & Capital Markets
Developer lands $258 million loan package for 1,161 units in three towns

A developer has secured nearly $260 million in financing for multifamily projects in Bayonne, Linden and Raritan, following a transaction arranged by Meridian Capital Group.