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.

Photos
SLIDESHOW: Jon Hanson’s induction to the New Jersey Hall of Fame

The New Jersey Hall of Fame recently inducted its 2017 class, which included Jon F. Hanson of The Hampshire Cos., during a star-studded event in Asbury Park.

Residential & Mixed Use
Bergen, Passaic multifamily sales total $22.6 million, Gebroe-Hammer says

Nearly 150 apartments have changed hands in Bergen and Passaic counties, following three sales totaling $22.6 million in value announced this week by Gebroe-Hammer Associates.

Retail
Joint venture signs lease, breaks ground on new 150,000 sq. ft. Costco in Bayonne

Developers have broken ground on a new Costco Wholesale store and gas station in Bayonne that will serve as the retail anchor for a new mixed-use project on Route 440.

Residential & Mixed Use
New rental, commercial tower breaks ground in Journal Square

Construction is underway for one of the newest additions to the fast-growing Journal Square section of Jersey City — a new 15-story residential tower with both office and retail space.

Residential & Mixed Use
First new housing set to open in Fort Monmouth redevelopment

RPM Development Group has nearly completed its restoration of an officer housing complex at Fort Monmouth, preparing to deliver what will be the first residential project in the effort to reposition the historic military base.

Residential & Mixed Use
HFF: Hoboken apartment complex sells for $146 million

An affiliate of J.P. Morgan Asset Management has sold a 240-unit, luxury apartment complex in Hoboken for $146 million, HFF said, in New Jersey’s largest apartment sale in 2018.

Events
Hanson inducted into New Jersey Hall of Fame

Jon F. Hanson, the revered founder of The Hampshire Cos., was among those inducted Sunday night into the New Jersey Hall of Fame, joining nearly two dozen business leaders, entertainers, public servants and others who made up the organization’s 2017 class.

Residential & Mixed Use
Developers launch leasing at 59-unit Morristown project

Roseland Residential Trust and Woodmont Properties have taken the wraps off a new 59-unit luxury apartment building in downtown Morristown.

Finance & Capital Markets
Capodagli lands construction loan for 172-unit Rahway project, Avison Young says

Capodagli Property Co. has secured a $30 million construction loan for a new 172-unit apartment project in Rahway, in a transaction arranged by Avison Young.

Professional Services
Fields joins three-year-old, tech-focused construction startup

A startup focused on building technology has acquired Fields Construction Co., a well-known construction management firm and developer based in Hudson County.