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: Council approves tax breaks for NJCU developments

Officials in Jersey City have approved tax abatements for three mixed-use buildings by a private developer at New Jersey City University’s main campus, a published report said Thursday.

Residential & Mixed Use

Senior housing complex in Monroe trades for $19M

An investment group has paid $19.2 million for a 100-unit luxury rental building in Monroe Township, Gebroe-Hammer Associates announced Wednesday.

Finance & Capital Markets

G.S. Wilcox brokers $44M in financing for developers

G.S. Wilcox & Co. has secured more than $44 million in financing tied to three recent transactions, including a $7 million loan for an industrial facility in Totowa.

Professional Services

New Weichert Commercial unit aims to help investor clients

Weichert Commercial Brokerage Inc. has launched a new platform aimed at assisting clients seeking to invest in commercial real estate, the company announced Tuesday.

People

Onyx announces new chief investment officer

Real estate investment firm Onyx Equities has promoted Stephen Sullivan to chief investment officer, the Woodbridge-based company said Monday.

The Rundown

Jared Kushner to step down as CEO of Kushner Cos., report says

Jared Kushner is preparing to step down as CEO of the Kushner Cos. ahead of an expected role in the White House of his father-in-law, President-elect Donald Trump, The New York Times reported.

Residential & Mixed Use

With condo project, FEM hopes to bring South Beach to the Jersey Shore

South Beach at Long Branch is more than a year away from opening, but it has already helped fuel new momentum in one of the city’s key redevelopment zones.

Residential & Mixed Use

Syndication group finds first deals in Essex, Bergen counties

The newly formed syndication arm of an area real estate firm has made its first two deals, closing on vacant office buildings in Newark and Hackensack that it now plans to reposition.

Finance & Capital Markets

East Orange landlord taps crowdfunding site to reach new investors

A real estate crowdfunding platform has made its first foray into New Jersey with an apartment building in East Orange, where an owner is seeking to recapitalize the property and tap into the demand for rental housing just outside New York City.

Health Care & Education