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
Senior housing complex in Monroe trades for $19M

An investment group has paid $19.2 million for a 100-unit luxury rental building in Monroe Township, Gebroe-Hammer Associates announced Wednesday.

Finance & Capital Markets
G.S. Wilcox brokers $44M in financing for developers

G.S. Wilcox & Co. has secured more than $44 million in financing tied to three recent transactions, including a $7 million loan for an industrial facility in Totowa.

Professional Services
New Weichert Commercial unit aims to help investor clients

Weichert Commercial Brokerage Inc. has launched a new platform aimed at assisting clients seeking to invest in commercial real estate, the company announced Tuesday.

People
Onyx announces new chief investment officer

Real estate investment firm Onyx Equities has promoted Stephen Sullivan to chief investment officer, the Woodbridge-based company said Monday.

The Rundown
Jared Kushner to step down as CEO of Kushner Cos., report says

Jared Kushner is preparing to step down as CEO of the Kushner Cos. ahead of an expected role in the White House of his father-in-law, President-elect Donald Trump, The New York Times reported.

Residential & Mixed Use
With condo project, FEM hopes to bring South Beach to the Jersey Shore

South Beach at Long Branch is more than a year away from opening, but it has already helped fuel new momentum in one of the city’s key redevelopment zones.

Residential & Mixed Use
Syndication group finds first deals in Essex, Bergen counties

The newly formed syndication arm of an area real estate firm has made its first two deals, closing on vacant office buildings in Newark and Hackensack that it now plans to reposition.

Finance & Capital Markets
East Orange landlord taps crowdfunding site to reach new investors

A real estate crowdfunding platform has made its first foray into New Jersey with an apartment building in East Orange, where an owner is seeking to recapitalize the property and tap into the demand for rental housing just outside New York City.

Health Care & Education
Emerging leaders join Rutgers real estate executive committee

The co-chairs of an emerging leaders group at the Rutgers Center for Real Estate have joined the program’s executive committee.

Residential & Mixed Use
Report: Developer aims to convert historic factory in Burlington County

A Brooklyn developer has acquired a former watchcase factory in Riverside, where it now hopes to convert the landmark building into 64 luxury apartments.