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.

Finance & Capital Markets
Apartment high-rise in Somerset County sells for $54M

The developer of an apartment tower just outside New Brunswick has sold the building for $54 million, in a deal brokered by HFF’s New Jersey office.

The Rundown
Emerson council considers vote to allow new mixed-use buildings downtown

A vote by local officials in Emerson could bring a developer one step closer to building a mixed-use project that would transform part of the town’s central business district.

Residential & Mixed Use
Circle Squared, Hampshire partner in apartment deal

Two Morristown-based firms are among those involved in the acquisition of a 216-unit apartment complex in Denver, the companies announced Monday.

Residential & Mixed Use
New Metuchen apartment project open for leasing, Woodmont says

Woodmont Properties is officially seeking renters for its newest apartment community.

Health Care & Education
Prism prepares for ‘next chapter’ of iconic Roche campus

An affiliate of Prism Capital Partners has closed on its purchase of the former Hoffman-La Roche campus in Nutley and Clifton, clearing the way for the developer to recreate the 116-acre site with a mix of new commercial tenants, retailers and residential development.

Residential & Mixed Use
Russo details mixed-use plans for iconic Hess property

The landmark Hess tower in Woodbridge may be getting some company in the years ahead. That’s according to a plan laid out Wednesday by developer Ed Russo, whose firm is part of a joint venture that aims to acquire and transform some 30 acres around the iconic building. He said the Carlstadt-based firm and its partner, Onyx Equities, intend to build a mixed-use community with roughly 600 residential units and 40,000 square feet of retail space.

Finance & Capital Markets
HFF marketing Hoboken apartment complex

The owner of a two-building, 128-unit apartment complex in Hoboken has tapped HFF to sell the property, with brokers touting a “substantial value-add potential” in the state’s strongest rental submarket.

Residential & Mixed Use
Value Cos. to manage Montclair apartment buildings

A landlord in Montclair has tapped Value Asset Management to oversee leasing and management of two neighboring apartment buildings in the Essex County township.

Event Coverage
Woodmont execs detail developer’s transformation

If the first 40 years of Woodmont Properties were about becoming an institution in New Jersey’s real estate sector, the last 10 have been about ushering in a new era for the Fairfield-based firm. Look no further than the developer’s multifamily portfolio.

Finance & Capital Markets
Gebroe-Hammer brokers multifamily sales in Bergen County

Brokers with Gebroe-Hammer Associates have had a busy stretch in Bergen County recently, arranging more than $70 million in multifamily investment sales.