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
Work set to begin at new 69-unit rental project in Somerville

A developer has received approval to build 69 luxury apartments in downtown Somerville, marking the latest project to move forward in the borough’s ongoing redevelopment.

Residential & Mixed Use
Redwood Realty brokers $6M in Hudson County apartment sales

Seven apartment buildings in Hudson County traded last month for a combined price of $6 million, in a series of deals brokered by Redwood Realty Advisors.

The Rundown
Town alleges conflict of interest in affordable housing case, citing judge’s ties to developer

Attorneys for the township of South Brunswick are accusing a former Superior Court judge of having a conflict of interest, citing his ties to a developer that he went to work for only months after ruling that the municipality must zone for at least 1,500 affordable housing units.

Residential & Mixed Use
Gebroe-Hammer: 72-unit Jersey City portfolio fetches $7.75M

A three-building multifamily portfolio in southern Jersey City has changed hands, in a nearly $8 million deal brokered by Gebroe-Hammer Associates.

Government & Public Policy
Rebuilding affordable housing: After decades of policy purgatory, is N.J. finally ready to move forward?

Two years after the state Supreme Court shook up New Jersey’s affordable housing landscape, dozens of towns in the state may finally be ready to turn the page, even as many others dig in for what looks to be an even longer fight.

Government & Public Policy
Inside the courtroom: NJBA attorneys weigh in on high-profile Mercer trial

For nearly three months, attorneys representing the New Jersey Builders Association, the Fair Share Housing Center, several municipalities and others have been convening in a Trenton courtroom before Superior Court Judge Mary Jacobson. The case centers on the disputed affordable housing obligations for five towns in Mercer County — West Windsor, Robbinsville, East Windsor, Hopewell and Princeton — but its impact could turn out to be even greater.

Top News
Rutgers OKs $17M investment in sweeping New Brunswick theater project

A rendering of a planned performing arts center in New Brunswick’s cultural center. — Courtesy: ElkusManfredi Architects By Joshua Burd Rutgers University has approved plans to contribute more than a quarter of the $60 million cost to build a new…

Government & Public Policy
EDA looks to ride a rising tide in selling valuable Camden site to developers

The Economic Development Authority is marketing an 8.75-acre waterfront redevelopment site in the city, as a host of high-profile development projects and investments continue nearby.

Residential & Mixed Use
As towns push fair share plans, developers face an interesting twist

Along with a new opportunity, a potential statewide push for affordable housing comes with a touch of irony for developers like Pennrose.

Events
CRE leaders share advice, tips and insights at Rutgers career seminar (PHOTOS)

More than 100 commercial real estate industry hopefuls gathered in Newark recently for the Rutgers Center for Real Estate’s annual career seminar.