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
Kislak closes sale of Perth Amboy’s Remington Rooming House for $2.4 million

The Perth Amboy YMCA has acquired a mixed-use rooming house property in Perth Amboy for $2.4 million, in a newly announced deal by The Kislak Co. Inc.

Residential & Mixed Use
Walters: First renters arrive at new 63-unit affordable housing property in Chatham Twp.

Walters has welcomed the first residents at a new 63-unit, income-restricted multifamily property in Chatham Township after completing the development late last year.

Residential & Mixed Use
Invel Capital buys 111-unit Waldwick rental property for $39 million

Invel Capital has acquired a 111-unit multifamily property in Waldwick for $39 million, adding an asset that was built less than a decade ago and is steps from NJ Transit rail service.

Finance & Capital Markets
Reynolds inks $30.5 million refi for 103-unit Orange rental project, in JLL-brokered deal

Reynolds Asset Management has closed on a $30.5 million loan to refinance a new 103-unit apartment building in Orange, the developer announced Tuesday.

Top News
Denholtz Properties rebrands as Denholtz, highlighting focus on investment management

Denholtz Properties, the real estate firm founded more than 70 years ago, has shortened its name as part of a rebrand announced Tuesday by its Red Bank-based team.

Finance & Capital Markets
Buyer of 77-unit Somerset rental property lands $18 million bridge loan from NewPoint

NewPoint Real Estate Capital has provided $17.75 million in bridge financing to the buyer of a new 77-unit multifamily property in the Somerset section of Franklin Township.

Residential & Mixed Use
LCOR breaks ground on 386-unit rental tower for sweeping ‘Hoboken Connect’ project

Construction is underway on the new 386-unit apartment tower that will mark a key private-sector component of a landmark, mixed-use project around Hoboken Terminal.

Deals
WCRE: Investor buys 3,200 sq. ft. office, residential building in Maple Shade

An investor has purchased a 3,200-square-foot mixed-use building in Maple Shade Township, according to a brokerage team with Wolf Commercial Real Estate.

Residential & Mixed Use
Shorewood, city officials debut 280-unit rental building at Newark’s Ballantine Brewery site

Shorewood Real Estate Group has unveiled a collection of 280 apartments in Newark’s Ironbound section, bringing a new use to the once-iconic Ballantine Brewery site and setting the stage for additional projects in the historically industrial neighborhood.

Government & Public Policy
Towns challenging new affordable housing law detail latest strategy, eyeing Jan. 23 hearing

The coalition of towns seeking to block New Jersey’s new affordable housing law will soon have another day in court, having raised fresh concerns about the process that state officials will use to resolve zoning disputes and about a set of newly released regulations.