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
Developer marks milestone at new Jersey City rental project

Fields Construction Co. has completed vertical construction at a project that will deliver 255 new high-end apartments to Jersey City’s Paulus Hook neighborhood, the firm said Thursday.

Health Care & Education
HFF: NJCU rental project secures $32.5 million in financing

A new 163-unit multifamily property is rising at the campus of New Jersey City University with the help of a $32.5 million construction loan arranged by HFF, the brokerage firm said Thursday.

Residential & Mixed Use
Hartz, Panepinto set to unveil new Journal Square project

A new 240-unit luxury rental building in the Journal Square section of Jersey City, built by two longtime Hudson County developers, is set to kick off leasing later this month.

Finance & Capital Markets
Newark high-rise gets $43M refinance

A mortgage banking and investment firm has brokered a nearly $43 million refinancing loan for a well-known high-rise apartment building in Newark, the company announced.

Current Issue
The federal housing policy mess: Dispelling myths about mortgage subsidies

By Morris A. Davis Since the 1930s, the federal government has actively promoted homeownership as a policy goal. Despite good intentions, our public policy in place after 80-plus years of rules and regulations is not well thought out and poorly…

Residential & Mixed Use
Developer completes adaptive reuse of historic Helmetta snuff mill

A development firm has unveiled a long-awaited project in the tiny borough of Helmetta, where it has transformed a historic snuff mill building into luxury loft apartments and townhomes.

Editor’s Note
Life after COAH

Covering real estate had never crossed my mind when I came out of school and started as a metro reporter in Middlesex County. But it wasn’t long before I found myself at council meetings and planning board hearings, listening to developers make their pitch to a town.

Office
Advance: Bridgewater life sciences campus now 80 percent leased

The commercial space at a sprawling redevelopment site in Bridgewater is now 80 percent leased, following two new deals and growth by existing tenants in the life sciences sector.

Residential & Mixed Use
JV reportedly pays $181M for N.J. affordable housing portfolio

A joint venture is acquiring a 1,009-unit affordable housing portfolio, spanning seven towns in New Jersey, with the help of a $144 million Fannie Mae loan arranged by an out-of-state firm.

Residential & Mixed Use
Developers cut the ribbon on new Journal Square tower

After opening for leasing earlier this month, the developers of Journal Squared have officially unveiled the first residential tower in their transformative mixed-use project in Jersey City.