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.

Murphy ‘supercharges’ New Brunswick project with plans for state innovation hub

Gov. Phil Murphy has thrown his support behind a high-profile redevelopment project in New Brunswick, pledging to create a focal point for research and innovation that will feed sectors such as health care, higher education and technology.

Hampshire mourns veteran CRE executive Anderson

The state’s commercial real estate industry is mourning the loss of Todd Anderson, a longtime executive with The Hampshire Cos. who died suddenly this past weekend at age 58.

Finance & Capital Markets

Rental owner refinances five properties for $15 million, lender says

A multifamily owner has refinanced five properties in New Jersey, thanks to a $15.2 million loan from a New York-based commercial real estate finance firm.

Office

Hoboken: Toll Bros. project includes 125,000 sq. ft. spec office component

New office space is coming to uptown Hoboken, as Toll Bros. prepares to start work on the final piece of a mixed-use redevelopment that goes back more than 15 years.

Residential & Mixed Use

Hudson County apartments fetch $3.55 million, Marcus & Millichap says

Two apartment buildings in Hudson County have changed hands for a combined $3.55 million, following investment sales brokered by Marcus & Millichap.

Residential & Mixed Use

Newark towers trade for $70 million, Kislak says

An investor has paid more than $70 million for a two-building, 680-unit apartment property just north of downtown Newark, according to brokers with The Kislak Co. Inc.

Office

DeMarco joins Mack-Cali board

Mack-Cali Realty Corp. has appointed CEO Michael J. DeMarco to its board of directors.

Government & Public Policy

Liquor license reform in focus at New Jersey Future forum

What can state government do to help redevelopment in New Jersey? The real estate community certainly has its own ideas, but so does a lawmaker and a former longtime mayor. Assemblyman Jim Kennedy answered that very question last week, raising the need for liquor license reform and highlighting what has become been a top priority for New Jersey’s commercial real estate sector.

Residential & Mixed Use

Montclair apartment building hits leasing milestone

A newly built, 40-unit luxury apartment building in Montclair is fully leased.

Residential & Mixed Use

East Orange rental portfolio sold for $19.4 million

An out-of-state buyer has paid nearly $19.4 million to acquire a four-building, 200-unit apartment portfolio in East Orange, as part of a sale brokered by The Kislak Co. Inc.