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.

Professional Services
Property owners have come to learn the value of hurricane preparedness, and response

The five-year anniversary of Hurricane Sandy is a stark reminder that some of New Jersey’s most valuable real estate markets are also the most vulnerable. Frank Romeo knows that to be the case in not only the Garden State, but across the country.

Professional Services
Planned Cos. names new chief operations, revenue officers

Two long-serving executives are set to join the C-suite at Planned Cos., a Parsippany-based firm that provides janitorial, maintenance and other services to residential and commercial buildings.

Residential & Mixed Use
Woodmont, Baker break ground on 220-unit luxury rental project in Bayonne

Developers have kicked off a project that will bring more than 200 luxury apartments to the western shore of Bayonne, one of a half-dozen redevelopment efforts now underway in the city.

Government & Public Policy
Greater Trenton names new VP of marketing

The two-year-old nonprofit aimed at shepherding economic development in Trenton has bolstered its team with the hiring of a vice president of marketing and communications.

Office
Marcus & Millichap: Palisades Park office building fetches $3 million

An outgoing owner-occupier has sold a 2,000-square-foot office building in Palisades Park, in a $3 million deal arranged by brokers with Marcus & Millichap.

Residential & Mixed Use
CIS opens new senior housing in place of Sandy-damaged complex in Middletown

A developer has opened a new affordably priced, senior housing community in Monmouth County at the site of a complex that was damaged so badly by Hurricane Sandy that it had to be demolished.

Professional Services
Tapping into technology: Virtual, augmented reality providing new frontier for design firm

Rotwein + Blake is hoping to tap into the next wave of innovation in the design of commercial real estate: virtual and augmented reality. The Livingston-based architecture firm is now hoping to integrate the technology into its practice going forward, seeing it as a tool that can both enhance the design process and create additional value for its clients.

Residential & Mixed Use
Kislak brokers $3.2 million, 27-unit apartment sale in Jersey City

An investor has acquired two Jersey City apartment buildings with a combined 27 units, in a $3.2 million sale brokered by The Kislak Co. Inc.

Residential & Mixed Use
Hudson County rental property sells for $1.2 million

A private investor has reaped more than $1.2 million from the sale of a 6,250-square foot multifamily property in Hudson County, according to brokers with Marcus & Millichap.

Policy Page
It’s time to push the reset button on New Jersey’s ‘municipal madness’

Our next governor and new Legislature best be laser-focused on two immediate priorities: investing and deploying critical resources into our transportation system and stimulating permanent property tax reductions through shared services and municipal consolidations.