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
Gebroe-Hammer brokers multifamily sales in Bergen, Passaic counties

Investors have paid a combined $8.65 million for three apartment buildings in Bergen and Passaic counties, in two separate transactions arranged by Gebroe-Hammer Associates.

Professional Services
Hosey, a former talent agent, now leading Marcus & Millichap’s growth in New Jersey

Brian Hosey has risen through the ranks of Marcus & Millichap and was hired in 2014 as the regional manager for its northern New Jersey office, where he now oversees a growing sales team of about 40 for the nation’s largest investment real estate brokerage firm for private clients.

Residential & Mixed Use
MonGroup unveils final phase of West New York redevelopment project

A developer has opened the doors of a new 40-unit apartment building in West New York, marking the completion of a plan to redevelop the former site of a handbag factory that once employed thousands of immigrants who settled in the area.

Residential & Mixed Use
Newest Weehawken condo building tops out, on track to open early 2018

A new luxury condominium building on the Weehawken waterfront is on track to open by the first quarter of 2018, the project’s developer said recently.

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.