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.

Developer finding success with high-end condo project in Weehawken, its first in New Jersey

With move-ins slated to begin this month, Landsea Homes is off to an auspicious start at Avora, its new upscale condominium project in the Port Imperial section of Weehawken. The developer has sold 40 percent of the project’s 183 homes — with a formula that includes resort-style amenities, sustainable construction and what Gabe Pasquale proudly describes as a “bullseye view” of Midtown Manhattan.

Bijou set to debut new ‘passive house’ condo project in Hoboken

A developer has unveiled new details about a 10-unit condominium project in Hoboken that is built to achieve “rigorous” energy efficiency, with plans to launch sales this summer.

Apartments in West New York, Bayonne trade for $3.55 million

Two apartment buildings in Hudson County have changed hands for a combined $3.55 million, following investment sales brokered by Marcus & Millichap.

Meridian: Buyer wanted for prime 486-unit development site in Jersey City

Brokers with Meridian Capital Group are marketing what they say is a rare opportunity — a development site in Jersey City with approvals for nearly 500 apartments.

A growth industry in the making

Insiders say that now is the time to discern which municipalities will be receptive to the prospect of legalized recreational cannabis, if and when it becomes a legal industry in New Jersey. That prospect is likely many months from being a reality, if not more, but the concept has the support of Gov. Phil Murphy and several well-known lawmakers.

Camden rental building among $445 million portfolio sale by Dranoff

Dranoff Properties is selling a well-known luxury apartment building in Camden as part of a six-building, $445 million portfolio sale announced Tuesday.

Progress Capital brokers $5.3 million loan for Newark multifamily deal

An area property owner has acquired a two-building, 70-unit apartment complex in Newark with more than $5 million in financing arranged by Progress Capital Advisors.

Redevelopment brings first phase of Woodbridge affordable housing project

Builders have delivered 84 apartments as part of a $23 million affordable housing development in Woodbridge, the first of a three-phase project that is replacing a defunct public housing complex.

Mortgage banker, child care among latest tenants at Marlton redevelopment

Two new tenants have committed to a 540,000-square-foot, mixed-use property in Marlton, where its owner is in the midst of a $70 million redevelopment project.

North Bergen apartment building sells for $25.4 million

The developer of a newly built, 122-unit apartment building in North Bergen has sold the property for $25.4 million, in a sale brokered by The Kislak Co. Inc.