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.

Retail
Gelato, coffee shop opens at The Mint in downtown Rahway

A resident of a new apartment complex in downtown Rahway has opened a gelato and coffee shop inside the property’s ground-floor retail space.

Residential & Mixed Use
Passaic building with 13 apartments, retail space trades for $4.3 million, Kislak says

A distinctive 13-unit apartment and retail building in Passaic has changed hands for $4.3 million, in a deal arranged by The Kislak Co. Inc.

Professional Services
Three recent hires fueling growth of Hudson Atlantic multifamily team, brokerage firm says

Hudson Atlantic Realty has bolstered its multifamily brokerage unit with three recent additions to its team and a growing transaction pipeline.

Residential & Mixed Use
Walters marks completion of 150-unit, affordable senior housing property in Branchburg

Walters has completed its newest age- and income-restricted housing project in New Jersey with the debut of a 150-unit multifamily property in Branchburg.

Residential & Mixed Use
Developer announces new incentives, mortgage buydown at North Bergen luxury condos

Skyline Development Group has rolled out new financing programs for prospective buyers at Solaia, its upscale condominium tower along the Hudson River in North Bergen.

Government & Public Policy
Hinchliffe Stadium, Westfield downtown among 2023 Smart Growth Award winners

New Jersey Future has unveiled the winners of this year’s Smart Growth Awards, highlighting projects from Paterson to Westfield with a major focus on planning and redevelopment.

Residential & Mixed Use
Cervelli closes sale of 16-unit North Bergen apartment building to 1031 investor

An investor has purchased a 16-unit apartment building in North Bergen for nearly $2.6 million, in a deal arranged by Cervelli Real Estate and Property Management.

Residential & Mixed Use
Marcus: New construction poised to flood North Jersey rental market, but vacancy to remain tight

A surge of new supply is coming to northern New Jersey’s apartment market, with some 12,000 units slated to be delivered this year in a region with one of the country’s lowest vacancy rates.

Finance & Capital Markets
JLL: Kaplan snags $47 million loan from Nuveen for new senior housing in North Brunswick

The Kaplan Cos. has landed $47 million in financing for a 222-unit active adult community in North Brunswick that the firm unveiled just over a year ago, in a deal arranged by JLL.

Residential & Mixed Use
Reynolds completes 103-unit rental property in Orange arts district

Reynolds Asset Management has completed a new 103-unit apartment building in Orange after redeveloping the former longtime site of a hardware store in the city’s Valley Art District.