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.

Office
JLL: New Brunswick redevelopment has flexible design for tenants to ‘make a statement’

New Brunswick Development Corp. expects to begin site construction next month at a planned 1.7 million-square-foot redevelopment project in the heart of the Middlesex County seat.

Residential & Mixed Use
KRE, Avenue Realty Capital acquire Union County apartments for $70M

KRE Group and an investment partner have paid $70 million to acquire a 228-unit rental community in Springfield, marking its latest step to grow its value-add multifamily business.

Residential & Mixed Use
Kislak inks sale of development sites in Jersey City hot spots

The Kislak Co. Inc. has brokered separate land sales totaling nearly $12 million in two of Jersey City’s most active neighborhoods for development, the firm said Thursday.

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.