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.

Government & Public Policy
Newark Alliance unites three city organizations to expand key growth initiatives

Three of Newark’s key economic development organizations have come together in a move to further their missions while streamlining their efforts to enhance the state’s largest city.

Residential & Mixed Use
Developer buys would-be residential site in Union City for $2.6 million, Marcus says

A residential development site in Union City has changed hands for more than $2.6 million, according to a brokerage team with Marcus & Millichap.

Residential & Mixed Use
Developers break ground on 230-unit Watchung rental project just west of Route 22

A joint venture has closed on the site of a planned six-building, $104 million project that will bring 230 luxury apartments to Watchung, where construction is now underway.

Finance & Capital Markets
Kaplan snags $36 million construction loan for 142-unit Sayreville rental project, JLL says

Kaplan Cos. has secured a $36 million construction loan for a planned six-building, 142-unit multifamily project in Sayreville, in a newly announced deal by JLL.

Residential & Mixed Use
Berkadia lists fully approved development site for 172 luxury rentals in Fort Lee

A private family office is looking to sell a Fort Lee development site with approvals in place for a 172-unit luxury residential project, tapping Berkadia as its listing team for the property.

Residential & Mixed Use
Veerman: Family sells 24-unit Bayonne rental property for $4.4 million

The longtime owners of a 24-unit apartment building in Bayonne have sold the property for $4.4 million, according to a brokerage team with Veerman Asset Management.

Residential & Mixed Use
Sage: Woodmont sells 120-unit Warren County rental property for $43 million

Woodmont Properties has reaped nearly $43 million from its sale of a new 120-unit luxury rental community outside Hackettstown, brokers with Sage Investment Real Estate Advisors said.

Residential & Mixed Use
Buyer wanted for 421-unit luxury rental property in Westchester County suburb, JLL says

The developer of more than 400 luxury apartments in Westchester County has listed the property for sale, in a newly launched offering by JLL’s Morristown-based capital markets team.

Residential & Mixed Use
Longtime owner sells 47-unit Irvington rental portfolio for $4.7 million, Kislak says

An investor has purchased a two-building, 47-unit apartment portfolio plus vacant land in Irvington for $4.7 million, in a newly announced deal by The Kislak Co. Inc.

Residential & Mixed Use
Veris sells 197-unit Morris Plains rental property for $85 million, in deal arranged by CBRE

Veris Residential Inc. has sold a 197-unit luxury apartment building in Morris Plains, fetching $85 million for an asset that helped revitalize a former aging suburban office property.