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.

Government & Public Policy
Ex-CRDA official tapped for Newark economic development post

The former head of the state Casino Reinvestment Development Authority is joining Newark City Hall, where he will serve in a newly created position tied to economic development.

Residential & Mixed Use
Developer sells Wood-Ridge apartments after 40 years

The original developer of a 22-unit apartment complex in Wood-Ridge has sold the property after four decades, in a $4.1 million deal brokered by The Kislak Co.

Retail
Bagel, fruit bowl shops lease space at Aberdeen train station project

Two food operators are coming to a new mixed-use development near the Aberdeen train station, following recent leases brokered by Pierson Commercial.

Residential & Mixed Use
Denholtz, a leader in value-add commercial projects, also returning to residential

Now in its 65th year in business, Denholtz Associates has continued its longtime focus on value-add office and industrial projects. But it’s also marking a return to its roots, with a pipeline that includes new residential construction for the first time in decades.

Editor’s Note
Editor’s note: After a busy year, a look at what’s to come

Ask anybody in the real estate business and they’ll most likely agree: Being busy is a good thing. We couldn’t agree more as a publication that covers this industry and thrives on all of the deal making, construction activity and other bits of news that help us bring you a monthly magazine and a daily newsletter. The market has been so busy that I’m not quite sure where the time has gone, yet here we are as we prepare to close out the first year of Real Estate NJ.

Events
CREW NJ inducts new president, board of directors (SLIDESHOW)

A new slate of leaders have taken the reins at Commercial Real Estate Women of New Jersey, the state’s top association for connecting and advancing professional women across the industry.

Residential & Mixed Use
KRE partners with home hospitality app at Journal Squared, other Jersey City buildings

KRE Group has partnered with a mobile platform to provide home hospitality services at more than 2,000 apartments in Jersey City, starting with its high-profile Journal Squared project.

Deals
Gebroe-Hammer touts $7.6 million apartment sale in Warren County

Ravenscroft Apartments at 26 Fairview Ave. in Phillipsburg — Courtesy: Gebroe-Hammer Associates By Joshua Burd A private investor has acquired a 76-unit apartment complex in Warren County, in a $7.6 million transaction arranged by Gebroe-Hammer Associates. The multifamily brokerage said…

Residential & Mixed Use
CBRE touts $19.3 million in Essex County multifamily sales

More than 230 apartment have changed hands in Essex County as part of nine multifamily investment sales brokered this year by CBRE.

Residential & Mixed Use
Homebuilder launches new realty, services division to spur construction

Walters Homes has launched a realty division aimed at spurring new construction or redevelopment at vacant and existing residential sites in Ocean County.