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
Investor buys five-unit Jersey City rental building in value-add deal brokered by Cervelli

A private investor has purchased a five-unit apartment building with ground-floor retail space in Jersey City, in a deal arranged by Cervelli Real Estate & Property Management.

Finance & Capital Markets
S3 Capital lends $255 million for first phase of long-awaited, 1,200-unit Edgewater project

The Maxal Group has closed on a $255 million construction loan for a planned 25-story, 381-unit apartment tower at a long-vacant and well-known parcel along the Hudson River in Edgewater.

Government & Public Policy
Ciattarelli, Sherrill touch on housing affordability in addresses to NJ Realtors, NJBA

New Jersey’s two gubernatorial hopefuls hit on familiar but critical issues last week as they spoke directly to more than 300 professionals involved in building and selling homes in the state.

Government & Public Policy
HMFA to sell up to $500 million in state tax credits to fund affordable, workforce housing

The New Jersey Housing and Mortgage Finance Agency is launching a new tax credit program meant to spur hundreds of millions in private investment in new workforce and affordable housing production across the state.

Food & Beverage
Kushner inks deal with Felice to bring Italian eatery’s first N.J. location to Monmouth Square

Felice, a well-known Italian restaurant and wine bar, is coming to the new-look Monmouth Square property in Eatontown under a newly announced lease with Kushner.

Finance & Capital Markets
Kennedy Funding closes loan to update Central Florida senior housing

A senior housing community in Central Florida is set to be renovated with the help of a newly completed loan by Englewood-based Kennedy Funding.

Professional Services
Gilbane taps Anderson as new business leader of New Jersey office

Gilbane Building Co. has a new leader in its New Jersey office after promoting John E. Anderson III, a veteran project manager and member of its team for more than a decade.

Finance & Capital Markets
JLL: Developers land permanent financing for 67-unit Ho-Ho-Kus rental project

A joint venture has closed on permanent financing for a newly completed, 67-unit luxury apartment property in Ho-Ho-Kus, brokers with JLL announced Wednesday

Residential & Mixed Use
JLL: Site Centers sells Edgewater property with Whole Foods, 64 apartments for $53 million

A local investor has acquired a Whole Foods-anchored retail center and 64 apartments in Edgewater for more than $53 million, in a newly announced deal by JLL.

Residential & Mixed Use
Bel Canto breaks ground on high-profile, 375-unit luxury rental project at Moorestown Mall

Construction is underway on a project that will bring 375 luxury apartments to Moorestown, in a key piece of the plan to transform excess land around the township’s well-known mall.