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
Bayport Funding closes $1.7 million loan for 11-unit Paterson rental property

The owner of an 11-unit apartment building in Paterson has refinanced the property after securing a nearly $1.7 million loan from Bayport Funding.

Sponsored Content
Real Estate NJ’s 2025 Market Forecast

Commercial real estate leaders have entered 2025 with varying levels of optimism. That’s evident from this year’s Real Estate NJ Market Forecast, where you’ll find everything from caution to confidence about how the sector will perform as it balances strong fundamentals in several key asset classes with new regulatory headwinds, nagging inflation and what seems to be a lingering lack of clarity over when lower interest rates will truly impact the industry.

You can read all about it in our 2025 Market Forecast, which features predictions and insights from some of the state’s leading voices in commercial real estate.

Residential & Mixed Use
Hudson Atlantic touts expansion, sales growth as Zweibel assumes full ownership

Brokerage firm Hudson Atlantic is starting a new chapter after a recent consolidation of ownership, eyeing continued growth in what will be its fourth full year in business.

People
Hanback named head of development at Rockefeller Group

Rockefeller Group has tapped Executive Vice President Brandi Hanback as the sole leader of its U.S. development platform and a pipeline that totals more than 17 million square feet.

Finance & Capital Markets
Marcus: Buyer snags $174 million debt, equity deal for 348-unit Port Imperial rental property

An apartment owner has closed on $174 million in financing and joint venture equity to acquire a 348-unit property in West New York, in a deal arranged by Marcus & Millichap.

Residential & Mixed Use
Investor buys new 77-unit Somerset apartment building for $24 million, Hudson Atlantic says

A private investor has acquired a 77-unit luxury apartment building in the Somerset section of Franklin for more than $24 million, in a newly announced deal by Hudson Atlantic.

Residential & Mixed Use
Nine-building, 108-unit rental property in Vineland trades in $12 million deal, Kislak says

The longtime owner of a 108-unit multifamily complex in Vineland has sold the property for $12 million, in a newly announced deal by The Kislak Co. Inc.

Food & Beverage
EXP: Manchanda Group buys Journal Square White Castle property for $13 million

An investor has acquired the site of a White Castle in Jersey City’s resurgent Journal Square neighborhood, in a deal arranged by EXP Realty.

Finance & Capital Markets
LMXD, MCI and Newark Museum secure $94 million in financing for arts campus project

A development team has closed on $94 million in financing for a plan to bring 250 apartments, retail space and a new gallery to the Newark Museum of Art’s campus on Central Avenue.

Government & Public Policy
Towns say they’ll appeal after judge rejects bid to halt state’s new affordable housing law

A coalition of two dozen towns vowed to appeal after a judge denied its request to pause the rollout of New Jersey’s new affordable housing law, in a move that allows state officials to proceed even as the court prepares for additional arguments in the case.