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.

Editor’s Note
Editor’s note: After a busy year, a look at what’s to come

Ask anybody in the real estate business and they’ll most likely agree: Being busy is a good thing. We couldn’t agree more as a publication that covers this industry and thrives on all of the deal making, construction activity and other bits of news that help us bring you a monthly magazine and a daily newsletter. The market has been so busy that I’m not quite sure where the time has gone, yet here we are as we prepare to close out the first year of Real Estate NJ.

Events
CREW NJ inducts new president, board of directors (SLIDESHOW)

A new slate of leaders have taken the reins at Commercial Real Estate Women of New Jersey, the state’s top association for connecting and advancing professional women across the industry.

Residential & Mixed Use
KRE partners with home hospitality app at Journal Squared, other Jersey City buildings

KRE Group has partnered with a mobile platform to provide home hospitality services at more than 2,000 apartments in Jersey City, starting with its high-profile Journal Squared project.

Deals
Gebroe-Hammer touts $7.6 million apartment sale in Warren County

Ravenscroft Apartments at 26 Fairview Ave. in Phillipsburg — Courtesy: Gebroe-Hammer Associates By Joshua Burd A private investor has acquired a 76-unit apartment complex in Warren County, in a $7.6 million transaction arranged by Gebroe-Hammer Associates. The multifamily brokerage said…

Residential & Mixed Use
CBRE touts $19.3 million in Essex County multifamily sales

More than 230 apartment have changed hands in Essex County as part of nine multifamily investment sales brokered this year by CBRE.

Residential & Mixed Use
Homebuilder launches new realty, services division to spur construction

Walters Homes has launched a realty division aimed at spurring new construction or redevelopment at vacant and existing residential sites in Ocean County.

Residential & Mixed Use
Woodmont touts 100 percent leased milestone at Morris County rental project

Woodmont Properties has reached full occupancy at its luxury 300-unit apartment community in Mount Arlington, touting the demand for high-end rentals in a suburban setting.

Retail
Montclair project welcomes new 2,500 sq. ft. CycleBar studio (SLIDESHOW)

CycleBar has opened the doors to a new 2,500-square-foot studio in downtown Montclair.

Government & Public Policy
Developers: State, federal reforms bring uncertainty for CRE industry in 2018

For all of the looming questions about federal tax reform, the state’s commercial real estate sector is also facing uncertainty about the impact of a new governor and Legislature.

Office
Prism launches new website, digital platforms for Roche redevelopment

Prism Capital Partners has unveiled a new website and social media platforms for the ongoing redevelopment of the former Hoffmann-La Roche campus in Clifton and Nutley, as part of its effort to gather community input at what is now known as ON3.