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
Investors touts more than $800 million in CRE lending during Q1

A refinancing loan of $26.6 million for this 138,600-square-foot, 148-unit multifamily property in Sayreville is one of several commercial mortgages originated by Investors Bank during the first quarter. — Courtesy: Investors Bank By Joshua Burd Commercial mortgage lenders with Investors…

Retail
LMC named retail leasing agent for new mixed-use Madison project

The developers of a new mixed-use project in downtown Madison have hired Levin Management Corp. to oversee leasing for a 4,300-square-foot retail and restaurant component at the site.

Residential & Mixed Use
Jersey City apartment tower, Airbnb ink region’s first home-sharing partnership

The developer of a new Jersey City rental tower has inked a partnership with Airbnb, allowing residents to rent out their apartments through the home-sharing site on a limited basis.

Residential & Mixed Use
Investor interest rising in Newark apartments, Gebroe-Hammer says

Three apartment buildings with a total of 95 units in Newark have traded for a combined $6.53 million, following deals arranged by brokers with Gebroe-Hammer Associates.

Residential & Mixed Use
HFF: Buyer wanted for 334-unit Somerset County community

Brokers with HFF have been hired to sell a high-end, 334-unit apartment community in Somerset County.

Finance & Capital Markets
Meridian secures $18 million loan for Morris County apartment deal

Meridian Capital Group has brokered $18 million in financing for a client to acquire a 106-unit garden apartment complex in Morris County, the firm said.

Residential & Mixed Use
NJAA panelists tout growth of apartment sector, but say challenges remain

The New Jersey Apartment Association’s annual owners’ roundtable kicked off the group’s annual conference and expo in Atlantic City, in what is the industry’s largest annual gathering in the state.

Guest Columns
The rebirth of the suburbs: The impact of aging millennials and driverless car technology

This multiyear transformation of our downtown areas has led to speculation that the single-family, suburban model of development is dead. In this article, I will make a different prediction. Today, I predict that the next great housing boom will be in the suburbs. The millennials will move out of the city and into the suburbs and will commute farther distances, by car, than previous generations.

Residential & Mixed Use
Developer secures $49.6 million loan for Hackensack rental project, HFF says

HFF has arranged nearly $50 million in financing for a newly built 222-unit, luxury apartment complex in Hackensack, the real estate services firm said Tuesday.

Retail
Kushner Cos. unveils new plans, partnership for Monmouth Mall makeover

Drawing inspiration from mixed-use shopping destinations across the country, the Kushner Cos. has detailed its revamped plans to modernize and reposition the Monmouth Mall in Eatontown.