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
Woodmont touts leasing milestone at Metuchen rental project (SLIDESHOW)

Woodmont Properties is marking a leasing milestone at its new project in Metuchen, a 273-unit rental community just steps from the borough’s train station and downtown.

Residential & Mixed Use
Solomon buys out-of-state rental property

The Solomon Organization has added to its apartment portfolio outside New Jersey, acquiring a 156-unit rental property in North Carolina.

Residential & Mixed Use
Capodagli, local officials break ground on new Roselle Park rental community

A developer is set to transform a tired stretch of Route 28 in Roselle Park, with plans to build more than 200 new apartments and street-level retail space over the next two years.

Retail
Long-awaited land sale clears the way for supermarket, apartments

A developer has acquired a long-contested parcel in New Milford, following years of approvals and litigation that will now give way to a new supermarket and apartments in the borough.

Residential & Mixed Use
Gold Coast condo building hits 75 percent in preconstruction sales

A developer has sold more than three-quarters of a new 107-unit condominium building in Jersey City, touting the milestone as it prepares to welcome its first residents.

Residential & Mixed Use
West New York rental building sells for $1.2 million

A nine-unit apartment building in West New York has changed hands among private investors, following a $1.2 million sale brokered by Marcus & Millichap.

Residential & Mixed Use
Joint venture breaks ground at Harrison project while unveiling another

Developers have marked dual milestones in their effort to transform Harrison’s waterfront, breaking ground on one luxury residential project and touting the completion of another.

Finance & Capital Markets
Eastern Union brokers $69.5 million refinancing for 11-building portfolio

An investor has refinanced an 11-building apartment portfolio in New Jersey and the Bronx, following more than $69 million in transactions arranged by Eastern Union Funding.

Finance & Capital Markets
Mixed-use portfolio in Newark secures $3.7 million bridge loan, Procida says

Procida Funding has closed a $3.66 million bridge loan secured by a four-building, mixed-use portfolio across the street from Rutgers University in downtown Newark, the firm announced.

The Rundown
Signs of life at Kushner Cos. project in Journal Square, report says

Local officials in Jersey City are set to consider a revamped version of the high-rise project at the center of a controversy earlier this year involving the family of Jared Kushner, a published report said.