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.

Finance & Capital Markets
Rental owner refinances five properties for $15 million, lender says

A multifamily owner has refinanced five properties in New Jersey, thanks to a $15.2 million loan from a New York-based commercial real estate finance firm.

Office
Hoboken: Toll Bros. project includes 125,000 sq. ft. spec office component

New office space is coming to uptown Hoboken, as Toll Bros. prepares to start work on the final piece of a mixed-use redevelopment that goes back more than 15 years.

Residential & Mixed Use
Hudson County apartments fetch $3.55 million, Marcus & Millichap says

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

Residential & Mixed Use
Newark towers trade for $70 million, Kislak says

An investor has paid more than $70 million for a two-building, 680-unit apartment property just north of downtown Newark, according to brokers with The Kislak Co. Inc.

Office
DeMarco joins Mack-Cali board

Mack-Cali Realty Corp. has appointed CEO Michael J. DeMarco to its board of directors.

Government & Public Policy
Liquor license reform in focus at New Jersey Future forum

What can state government do to help redevelopment in New Jersey? The real estate community certainly has its own ideas, but so does a lawmaker and a former longtime mayor. Assemblyman Jim Kennedy answered that very question last week, raising the need for liquor license reform and highlighting what has become been a top priority for New Jersey’s commercial real estate sector.

Residential & Mixed Use
Montclair apartment building hits leasing milestone

A newly built, 40-unit luxury apartment building in Montclair is fully leased.

Residential & Mixed Use
East Orange rental portfolio sold for $19.4 million

An out-of-state buyer has paid nearly $19.4 million to acquire a four-building, 200-unit apartment portfolio in East Orange, as part of a sale brokered by The Kislak Co. Inc.

Retail
Boutique wine shop commits to Jersey City rental building

A wine and spirits store has leased 5,000 square feet at the base of Modera Lofts, a 366-unit luxury apartment building inside a historic brick warehouse in Jersey City.

Sponsored Content
Kipcon seminars offer critical training, education for CRE industry

By Kipcon Engineering As continuing education has grown increasingly important, Kipcon Engineering has been filling that need for its commercial real estate clients for more than five years. Based in North Brunswick, the full-service engineering firm offers seminars and webinars…