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.

Retail
Mixed-use Marlton redevelopment lands 33K sq. ft. medical tenant

Virtua Medical Group has leased more than 30,000 square feet at a mixed-use complex in Marlton, where the owner is in the midst of a $70 million redevelopment project.

The Rundown
Newark’s Whole Foods to open next month, report says

Only weeks after a grand opening event at the new Hahne & Co. building in Newark, the Whole Foods store that will anchor the complex is set to open March 1.

Current Issue
CRE MARKET FORECAST: Predictions from industry experts

What does the year 2017 have in store for the commercial real estate market?

We can’t say for sure — and we know you can’t either — but we asked some of the industry’s top professionals in New Jersey to give it their best shot. In the process, we’ve tried to bring you a good cross-section of experts from different disciplines.

Residential & Mixed Use
CBRE marketing fourth-generation rental complex in Edison

The longtime owners of a garden apartment complex in Edison have tapped CBRE to sell the 52-unit property, which the brokerage touts as a value-add opportunity in one of the state’s largest towns.

Residential & Mixed Use
NJAA touts 2016 successes, swears in new board at annual meeting (PHOTOS)

The New Jersey Apartment Association has stepped up its lobbying efforts in policy issues affecting the state’s overall business community, as it continues to advocate for legislation that will help the multifamily housing industry.

Government & Public Policy
Developer acquires historic officer housing site at Fort Monmouth

RPM Development Group has acquired a historic 117-unit housing complex in Oceanport, marking the first deal on a large piece of the former Fort Monmouth site that was turned over to state officials last fall in an effort to push forward with redevelopment.

Residential & Mixed Use
Russo, Hornrock picked for ‘gateway’ project in Hackensack

Hackensack city officials have picked Hornrock Properties and Russo Development to transform a 4.3-acre parking lot into a mixed-use complex with 338 residential units and retail space.

Finance & Capital Markets
Investor buys Essex County apartments for $130 million

An investment firm has acquired a 360-unit Roseland apartment complex for $130 million, following a financing deal arranged by capital markets brokers with JLL.

Residential & Mixed Use
Redevelopment to bring new commercial space, housing to Red Bank

A developer is on the verge of beginning work at a redevelopment site in Red Bank, where it plans to rehabilitate a commercial building and build two three-story residential properties.

Residential & Mixed Use
After 65 years, Lodi apartment complex owner sells for $100M

The longtime owner of a 642-unit garden apartment complex in Bergen County has sold the property for $100 million, in a sale brokered by Gebroe-Hammer Associates.