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.

The Rundown
Report: Developer unveils plan for 650-acre Central Jersey site

A developer has floated plans to redevelop a 653-acre former chemical research complex in West Windsor, with a proposal that outlines some 2,000 residential units and mixed commercial space.

Residential & Mixed Use
First building takes shape at Ocean County rental project

A developer is nearing completion of the first building in its latest income-restricted apartment community at the Jersey Shore.

People
Multifamily brokerage announces promotions

Gebroe-Hammer Associates has promoted three of its top-producing brokers and one administrative professional to new executive management positions, the firm announced.

Finance & Capital Markets
Eastern Union secures $52M financing for rental acquisition

A rental community in Gloucester County has a new owner, following a $52.3 million financing deal orchestrated by Eastern Union Funding.

Residential & Mixed Use
Construction underway at high-end rental project in Bayonne

Ingerman has broken ground on a planned 138-unit luxury rental community in Bayonne, where it hopes to be at the forefront of Hudson County’s next hot spot for development.

Residential & Mixed Use
Marcus & Millichap brokers Hudson County apartment sale

A seven-unit apartment property in Union City has changed hands for just over $1 million, with Marcus & Millichap representing both parties in the deal.

Residential & Mixed Use
Hudson County condo project secures $100M construction loan

A developer has closed on more than $100 million in construction financing for its high-end, 184-unit condominium project on the Hudson waterfront, where construction is well underway.

Residential & Mixed Use
HFF brokers $40M loan for Meadowlands rental project

A developer is moving forward with the next piece of a luxury multifamily complex in the Meadowlands, HFF announced, after securing a $40 million construction loan for the project.

Residential & Mixed Use
Teaneck multifamily sale nets $1 million

Marcus & Millichap has brokered the sale of an eight-unit apartment property in Teaneck for just over $1 million, the firm said Tuesday.

Residential & Mixed Use
Essex County apartments to stay affordable after $22M trade

A multifamily owner is set to acquire a 178-unit property in East Orange, as part of a $22 million deal that calls for preserving its status as affordable housing.