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
Walters launches affordable housing lottery at 66-unit Galloway site, eyes spring completion

Walters is targeting a spring delivery of a new 66-unit multifamily property in Atlantic County, as it solicits residents through a just-launched affordable housing lottery.

Residential & Mixed Use
J&L inks lease with Alpha Fit Club to bring fitness studio to new Ironbound rental property

A new boutique fitness studio is coming to Newark’s Ironbound section after taking space at Fifty-Five Union, the 403-unit upscale multifamily property developed by J&L Cos.

Residential & Mixed Use
Investor buys 63-unit Bloomfield apartment building for $11 million, Kislak says

A longtime owner has sold a historic 63-unit apartment building in Bloomfield for nearly $11 million, brokers with The Kislak Co. Inc. announced Tuesday.

Residential & Mixed Use
PEEK expands third-party construction group with Charles, Gartner in leadership roles

PEEK Properties has fortified its third-party development platform for multifamily projects with the additions of industry veterans Nick Charles and Luis Gartner.

Finance & Capital Markets
Kennedy inks $2.9 million land loan for South Orange project with 61 rentals, 23,000 sq. ft. of commercial space

A developer has closed on a $2.85 million land loan from Kennedy Funding in connection with plans to build 61 apartments and commercial space in South Orange.

Residential & Mixed Use
Newly approved ‘M Lofts’ to bring 150 rentals to Morristown as key development continues

Officials in Morristown have all but cleared the path for a development that would bring 150 new apartments to a long-underused site near the landmark M Station office campus.

People
Mazzola joins Greystar to spearhead development in New York metro region

Greystar, the multifamily investment, development and management firm, has hired Chris Mazzola as its managing director of development in the New York metro region.

Residential & Mixed Use
Invel Capital buys 70-unit West Orange rental building in $41 million deal by JLL

A joint venture led by Invel Capital has acquired a 70-unit luxury apartment building in West Orange for nearly $41 million, in a transaction arranged and financed by JLL.

Government & Public Policy
EDA approves $359 million Aspire award for new residential, commercial tower at New Brunswick’s HELIX campus

A new project that would bring 265 apartments, office and laboratory space and housing for medical students to the emerging HELIX campus in New Brunswick is moving ahead with a newly approved, $359 million tax credit award under the state’s Aspire program.

Residential & Mixed Use
Sage: 32-unit Dumont apartment complex trades after 65 years of original ownership

The developer of a 32-unit garden apartment complex in Dumont has sold the property after 65 years, according to a listing team with Sage Investment Real Estate Advisors.