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.

People
Hollister promotes 11 in executive, project delivery ranks

By Joshua Burd Hollister Construction Services has announced nearly a dozen promotions within its executive and project delivery teams. The Parsippany-based firm said that both Brendan Murray and Matt Higgins have been promoted to the role of executive vice president.…

Residential & Mixed Use
Redwood brokers Middlesex Co. apartment sales

An investment firm has paid $4 million for two Middlesex County apartment properties, in a set of transactions arranged by Redwood Realty Advisors.

Residential & Mixed Use
CBRE: Paterson apartment building sells for $1 million

CBRE has arranged the $1 million sale of a 19-unit apartment building in Paterson.

Residential & Mixed Use
Weiss: New upscale rental project is latest step forward for Somerville

The Cobalt, a new 117-unit high-end apartment building at the site, has revitalized a long-vacant, formerly contaminated site just a block from Main Street in Somerville. In the process, Weiss Properties is offering a new living option for a town that is primed to tap into the market for walkable, transit-centric destinations.

Office
Shifts in workplace, demographics in focus at Roche site redevelopment forum

Local residents were among those who turned out this week for a forum tied to Prism Capital Partners’ plans for the former Hoffmann-LaRoche campus in Nutley and Clifton, as the developer sought to highlight the shifts in demographics, corporate strategy and lifestyle choices that are now driving New Jersey’s economy.

Residential & Mixed Use
Kislak: East Orange properties fetch $13 million

A private investor has paid nearly $13 million to acquire two multifamily properties in East Orange, including an 88-unit brick building and a 44-unit garden complex.

Residential & Mixed Use
Cranford townhomes sell for $3.4 million, Gebroe-Hammer says

A complex of 10 townhomes has changed hands in Cranford, in a $3.4 million transaction arranged by brokers with Gebroe-Hammer Associates.

Government & Public Policy
HMFA announces new round of tax credits to fund 1,400 affordable units

A state agency is set to fund the construction of some 1,400 low- and moderate-income apartments in the state, thanks to a new allocation of a popular federal subsidy program.

Residential & Mixed Use
Leasing underway at 334-unit Prism project in West Orange

Prism Capital Partners has launched leasing at its new 334-unit apartment community in West Orange, the centerpiece of what it says is the state’s largest non-waterfront adaptive-reuse project.

Events
NAIOP reveals deal of the year finalists for 2018 gala

NAIOP New Jersey has unveiled the finalists for its coveted Deal of the Year awards, a group that includes eight of the state’s most high-profile transactions of 2017.