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
Hudson Lights reaches 75 percent leased milestone in Fort Lee

The residential portion of a mixed-use project in Fort Lee is now three-quarters leased, its developers said, touting the milestone less than a year after opening the 276-unit property.

Residential & Mixed Use
JMF breaks ground on $50 million rental project in Plainfield

Developer JMF Properties has kicked off construction at a new 212-unit rental community in Plainfield, in what will be the largest residential development in the city’s history.

Finance & Capital Markets
Avison Young brokers $37 million in financing for North Jersey development projects

Brokers with Avison Young have arranged nearly $37 million in financing for two multifamily and mixed-use projects in Essex and Hudson counties, the firm said.

Health Care & Education
Rowan developer unveils ‘centerpiece’ of $400 million campus project

A developer has taken the wraps off the largest piece of a mixed-use, $400 million project that has transformed Rowan University’s footprint in downtown Glassboro.

Finance & Capital Markets
Bergen County rental complex refinances for $147 million

New York Life Real Estate has originated a nearly $147 million loan for an owner to refinance a 100-unit garden apartment complex in Bergen County, the company announced.

Residential & Mixed Use
Three Union City properties sell for $2.9 million, Cervelli says

An investor in Union City has paid nearly $2.9 million for three mixed-use buildings with a combined 25 units, in a deal brokered by Cervelli Real Estate & Property Management.

Residential & Mixed Use
Madison Realty brokers $77 million in multifamily sales

An area brokerage firm has arranged more than $77 million in recent multifamily property sales in Monmouth, Ocean and Atlantic counties.

Office
CBRE announces sale of three Hudson County properties

Three properties in different Hudson County communities have changed hands for a combined $5.5 million, according to brokers with CBRE Group who marketed the buildings.

Residential & Mixed Use
Essex County apartment buildings trade for $18 million, Kislak says

A real estate firm has sold two East Orange apartment buildings for a combined $18 million, in a set of transactions arranged by The Kislak Co. Inc.

Retail
Sports bar coming to TCNJ’s Campus Town, PRC Group says

A sports bar and restaurant chain is expanding from South Jersey and Philadelphia to become the newest addition at Campus Town, the privately built student housing and retail development at The College of New Jersey.