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.

CBRE: Ex-Newark school building sells for $1.8 million, slated for conversion

Newark’s public school system and its teachers union have sold a vacant commercial building in downtown Newark, in a $1.8 million sale brokered by CBRE.

Growth of sharing economy creating new opportunities for developers to distinguish their projects

The growth of the sharing economy — including platforms such as Airbnb, Uber and Lyft — has created new opportunities for developers and landlords, providing additional ways for them to appeal to renters and help their projects stand out in an increasingly crowded market.

For Capodagli, future projects are built on sharing

In partnering with Uber, Capodagli Property Co. aimed to provide another amenity and a new level of convenience for its existing tenants.

The decision is also helping to attract future residents — perhaps in a way that it didn’t expect.

Airbnb’s Friendly Buildings Program: How it works

It has only been a few months since the start of a partnership between Airbnb and the owners of Jersey City Urby, but all signs point to an arrangement that will be mutually beneficial.

New ownership ditches plan for Sayreville ‘fortress mall,’ report says

A joint venture has scrapped a long-awaited plan to build a futuristic, 2.2 million-square-foot “fortress mall” along the Garden State Parkway, replacing it with a proposal for a mixed-use, urban-style retail village that is more in line with changing consumer tastes.

Investment firm’s $425 million housing plan to include northern N.J., New York City

A real estate investment firm plans to spend more than $200 million to acquire single-family and multifamily properties in northern New Jersey, Philadelphia and New York City, under a strategy that calls for repositioning the homes as workforce rental housing.

Mack-Cali, Ironstate building in Jersey City hits leasing milestone

Renters have flocked to the distinctive 762-unit residential tower known as Jersey City Urby, bringing the building to nearly full occupancy only eight months after opening.

HFF: Investors acquire AvalonBay community in Mercer County

AvalonBay Communities Inc. has sold a 312-unit apartment complex in Lawrenceville for nearly $90 million, marking the developer’s second sale of a New Jersey property in recent weeks.

Linden rental property sells for $8.15 million, Kislak says

The developer of a 48-unit apartment building in Linden has sold the property for more than $8 million, in a transaction brokered by The Kislak Co. Inc.

Gold Coast condo project secures $71.6 million construction loan

The developer of a high-end, 14-story condominium tower in Cliffside Park has closed on a $71.6 million construction loan, as it marches ahead toward a planned opening date next year.