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 debuts luxury rental building at former Mack-Cali office site

Roseland Residential Trust has unveiled nearly 200 new luxury apartments in Morris Plains, marking the redevelopment of what had been a vacant office building owned by Mack-Cali Realty Corp.

Residential & Mixed Use
Newark garden apartment complex sells for $50 million

The longtime owner of a 452-unit garden apartment complex in Newark has sold the property for $50 million, in a deal arranged by Gebroe-Hammer Associates.

Residential & Mixed Use
Leasing surge fuels momentum at Jersey City rental project

A new 377-unit luxury rental project in Jersey City is more than 50 percent leased, its developer said, thanks in part to a recent surge in which it signed nearly 80 leases in just four weeks.

Events
Rutgers, Monmouth students set to weigh in on Roche campus at NAIOP program

Less than a month after hosting a forum for local residents and other stakeholders, the former Hoffmann-LaRoche campus will welcome aspiring commercial real estate professionals.

People
New hire will help Hollister navigate a promising trajectory

By Joshua Burd As one of the state’s fastest-growing firms, Hollister Construction Services has bolstered its team with an executive who is well-versed in managing large-scale construction portfolios. The Parsippany-based firm has hired Christopher Cestone as its new vice president…

Residential & Mixed Use
DRA unveils new luxury apartments in Union

A developer has opened the doors to a new 130-unit, upscale apartment building in Union.

Health Care & Education
Murphy ‘supercharges’ New Brunswick project with plans for state innovation hub

Gov. Phil Murphy has thrown his support behind a high-profile redevelopment project in New Brunswick, pledging to create a focal point for research and innovation that will feed sectors such as health care, higher education and technology.

Top News
Hampshire mourns veteran CRE executive Anderson

The state’s commercial real estate industry is mourning the loss of Todd Anderson, a longtime executive with The Hampshire Cos. who died suddenly this past weekend at age 58.

Finance & Capital Markets
Rental owner refinances five properties for $15 million, lender says

A multifamily owner has refinanced five properties in New Jersey, thanks to a $15.2 million loan from a New York-based commercial real estate finance firm.

Office
Hoboken: Toll Bros. project includes 125,000 sq. ft. spec office component

New office space is coming to uptown Hoboken, as Toll Bros. prepares to start work on the final piece of a mixed-use redevelopment that goes back more than 15 years.