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.

Photos
Hoboken chamber honors hometown construction firm

Fields Construction Co. has been awarded the Hoboken Chamber of Commerce’s Developer/Builder of the Year award for its work in the Mile Square City, the firm announced.

Residential & Mixed Use
Mixed-use Orange building trades for $1.6M

A private investor has sold a 13,500-square foot mixed-use property in Orange for nearly $1.6 million, following a deal arranged by Marcus & Millichap.

Residential & Mixed Use
North Jersey apartment rents grow again in 2016, report finds

Apartment rental rates in northern New Jersey will grow for the sixth consecutive year, a new report has found, as leasing activity keeps pace with the roaring pace of new construction.

Finance & Capital Markets
Investors announces more than $300M in CRE loans

Investors Bank has originated than $308 million in loans in recent weeks, financing more than a dozen transactions involving multifamily and commercial properties.

Residential & Mixed Use
Gebroe-Hammer notches nearly $150M in sales over 90 days

Brokers with Gebroe-Hammer Associates have made the most of their home field advantage in recent months, closing 15 different multifamily sales in Essex County in the past 90 days.

Office
American Water HQ set to kick off massive waterfront makeover in Camden

With more than a year of due diligence, entitlements and land assemblage in the books, Liberty Property Trust is set to break ground on the first piece of a $1 billion, mixed-use project to transform Camden’s waterfront.

The Rundown
Report: Whole Foods store in Newark coming by late winter

A new Whole Foods store, the retail centerpiece of a project to revitalize the historic Hahne & Co. building in downtown Newark, is expected to open within just a few months.

Residential & Mixed Use
JMF racking up multifamily projects in TOD towns

Developer JMF Properties has spent the past year filling its multifamily pipeline, with construction underway at four properties and groundbreakings in sight at several others.

Professional Services
Growth in 2016 fuels hiring by design firm DMR

DMR Architects has added 10 new team members in 2016, expanding its staff by nearly 33 percent as it responds to a 30 percent growth in billing during the year.

Residential & Mixed Use
Triumphant AvalonBay unveils new Princeton community

AvalonBay Communities Inc. has opened the doors to its new community in Princeton, marking the completion of one of New Jersey’s more fiercely contested redevelopment projects in recent years.