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
Investor buys Bergen County apartments for $22 million, Kislak says

A family partnership has sold six apartment buildings in Bergen County, fetching more than $22 million for the 132-unit portfolio after six decades of ownership.

Residential & Mixed Use
Lennar closes first 30 homes at final phase of Weehawken condo project

Homebuyers have snatched up nearly half of the units at the final phase of Lennar’s upscale condominium development along the Weehawken waterfront.

Residential & Mixed Use
$57 million project set to bring apartments, medical complex to hospital site

A developer has won local approval to repurpose a shuttered hospital complex in Plainfield, where it plans to invest $57 million to build 120 apartments and a new medical arts complex.

Editor’s Note
Coming soon: Industry Roundups from Real Estate NJ

In the days and weeks ahead, we will introduce a new addition to Real Estate NJ aimed at zeroing in on the major asset classes and service sectors in the Garden State. Known as Industry Roundups, the new e-blasts will highlight the top headlines and stories in each field, giving you a chance to catch up on all the latest news in a way that’s tailored to a specific part of the industry.

Residential & Mixed Use
Developers unveil $48 million rental project slated for Camden waterfront

The joint venture behind a high-profile office tower in Camden has unveiled another piece of its waterfront redevelopment — a $48 million, 156-unit luxury apartment building.

Residential & Mixed Use
Marchetta steps down from HMFA, returns to private sector

The longtime head of the New Jersey Housing and Mortgage Finance Agency has stepped down from the post and is preparing to start his own consulting firm.

Government & Public Policy
Ex-CRDA official tapped for Newark economic development post

The former head of the state Casino Reinvestment Development Authority is joining Newark City Hall, where he will serve in a newly created position tied to economic development.

Residential & Mixed Use
Developer sells Wood-Ridge apartments after 40 years

The original developer of a 22-unit apartment complex in Wood-Ridge has sold the property after four decades, in a $4.1 million deal brokered by The Kislak Co.

Retail
Bagel, fruit bowl shops lease space at Aberdeen train station project

Two food operators are coming to a new mixed-use development near the Aberdeen train station, following recent leases brokered by Pierson Commercial.

Residential & Mixed Use
Denholtz, a leader in value-add commercial projects, also returning to residential

Now in its 65th year in business, Denholtz Associates has continued its longtime focus on value-add office and industrial projects. But it’s also marking a return to its roots, with a pipeline that includes new residential construction for the first time in decades.