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.

Local land use: Creating predictability, uniformity

Rather than try to replace the Municipal Land Use Law or strip local governments of the ability to control zoning in their town, the Smart Growth Economic Development Coalition has outlined what it says are reasonable, practical changes to help streamline development, create more certainty and encourage new business growth in the state. Those changes include steps such as standardizing non-residential site improvement requirements, creating more consistency across the entitlement process and softening the approval process for projects that will help create affordable housing.

Transit-oriented development: Prioritizing, streamlining public-private partnerships

The Smart Growth Economic Development Coalition has crafted a set of recommendations to prioritize transit-oriented development projects they say would benefit both private-sector developers and the cash-strapped NJ Transit.

Developer breaks ground on new 64-unit affordable housing project

Residential developer Walters Group has started construction on a new 64-unit, income-restricted apartment complex at the site of a former pipe factory in Burlington County.

Leadership lessons in a rapidly changing world

NAIOP’s premier industry event this fall was CRE.Converge 2017 in Chicago, which attracted nearly 1,500 attendees from across North America. Held Oct. 10 to 12, the conference provided valuable insights into cutting-edge trends in the commercial real estate industry and projections for the future.

Camden County apartment complex sold for $79 million

Multifamily investment firm Morgan Properties has acquired a four-building, 1,030-unit apartment complex in Collingswood for $79 million.

East Orange property owners group names new president, secretary

Two multifamily investors in East Orange have been named to new roles with an industry group made up of fellow property owners in the city.

IN THE MOMENT: Fields marks opening of new Jersey City apartments

Fields Development Group has opened the doors to its new 255-unit luxury apartment project in Jersey City’s Paulus Hook neighborhood.

Gebroe-Hammer touts sale of 150 units in Essex County

Four apartment properties in Essex County have changed hands for a combined $18.35 million, following a series of transactions brokered by Gebroe-Hammer Associates.

VIDEO: Devco records massive 10-hour concrete pour for New Brunswick PAC

More than 300 concrete trucks descended on downtown New Brunswick earlier this month for a continuous, 10-hour pour for the landmark New Brunswick Performing Arts Center project.

With residential leasing underway, HHG turns to next phases of Trenton redevelopment

A development firm has set its sights on what comes next in its redevelopment of Trenton’s iconic Roebling Steel complex: restoring an adjacent building that will result in 100,000 square feet of creative, industrial-style office space — which can effectively come with 10 years of free rent because of state tax credits.