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
Camden apartment complex fetches $34.5 million, Marcus & Millichap says

An owner and developer of low-income housing has acquired nearly 400 existing units in Camden, in a nearly $34.5 million deal arranged by Marcus & Millichap.

Government & Public Policy
NJAA marks record attendance by lawmakers for PAC event (SLIDESHOW)

In a sign of strength for the state’s multifamily sector, some three dozen state lawmakers turned out this week for an annual reception hosted by the New Jersey Apartment Association.

Residential & Mixed Use
Developer set to begin leasing at new Monmouth County rental project

BNE Real Estate will soon open the doors to its new 227-unit luxury apartment project in Aberdeen, hoping to capitalize on a location just steps from an NJ Transit rail station.

Residential & Mixed Use
Watchung apartment complex sells for $90 million

A high-end apartment community in Somerset County is under new ownership, following the roughly $90 million sale of the property to a Manhattan-based operator.

Residential & Mixed Use
Atlantic Realty, local officials open new 500-unit Woodbridge transit village

A developer has taken the wraps off a new 500-unit transit village project in Woodbridge, marking the transformation of a site that once housed a long-abandoned industrial plant.

Government & Public Policy
Christie: Newark is ‘the only location for Amazon here in the state of New Jersey’ (VIDEO)

As the state prepares to submit its official bid later this week, Gov. Chris Christie has declared Newark “the clear winner” of the competition among several New Jersey municipalities that have expressed hopes of landing the coveted Amazon HQ2 project.

Industrial
Hampshire, First Westwood unveil ‘integrated’ self-storage building in downtown Westwood (SLIDESHOW)

The newest building in downtown Westwood has the look and feel of many other properties in the neighborhood, yet it’s unlike anything else in the central business district. Jon Hanson knows that to be a winning formula for a self-storage project.

Event Coverage
ULI honors standout projects, CRE leaders at annual awards dinner (SLIDESHOW)

Eight projects and two key figures in New Jersey commercial real estate were among the honorees at an annual awards dinner hosted by the Urban Land Institute’s Northern New Jersey chapter, which drew a crowd of development executives and professionals.

Government & Public Policy
Citing conflicts of interest, town asks state Supreme Court to void affordable housing rulings

A township that alleges that a former judge had conflicts of interest during its recent affordable housing litigation is hoping to take its case to the state Supreme Court.

Residential & Mixed Use
Investment firm acquires 16 apartment buildings for $63 million

A real estate investment firm has paid $63 million to acquire 16 apartment buildings in Essex and Hudson counties, adding more than 500 additional units to its northern New Jersey portfolio.