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.

People
Denholtz adds former Kushner, Related executive McCool as head of capital markets

Denholtz has hired Jennifer McCool as executive vice president and head of capital markets, in another key addition to the company’s senior leadership team.

People
Woodmont taps Moore as co-chief investment officer, head of value-add multifamily unit

Woodmont Properties has appointed Jon Moore as co-chief investment officer and principal of a newly formed division focused on value-add multifamily investments.

Residential & Mixed Use
PEEK Properties set to unveil final phase of Orange Crossing with new 90-unit property

Leasing is set to begin at a new 90-unit luxury apartment building in Orange, the third and final phase of a high-profile redevelopment near the city’s downtown and NJ Transit rail service.

Residential & Mixed Use
Multistate team with Marcus closes two multifamily sales in South Carolina

An apartment owner in the Southeast has sold 360 units across two properties, in a set of deals arranged by Marcus & Millichap brokers in South Carolina, New Jersey and Texas.

Residential & Mixed Use
Hampshire, Claremont sell Jersey City rental properties with 362 units for $121 million

The Hampshire Cos. and Claremont Development have sold a two-building, 362-unit apartment portfolio in Jersey City for $121 million, in a deal arranged by Cushman & Wakefield.

Featured
LCOR closes on $155 million construction loan for 386-unit Hoboken rental tower, JLL says

LCOR has landed a $155 million construction loan for its planned 386-unit apartment tower just west of Hoboken Terminal, according to a debt placement team with JLL.

Residential & Mixed Use
Ingerman sells 170-unit Aberdeen rental complex in $57 million deal with Beachwold

Ingerman Group has sold a seven-year-old, 170-unit apartment and townhome property in Aberdeen for $57 million, brokers with JLL announced Monday.

Guest Columns
A new approach to housing policy where everyone wins

As New Jersey’s gubernatorial race heats up, housing remains a critical issue. Everyone agrees that we need more market-rate and affordable housing to meet demand, and there is also a consensus that housing prices in New Jersey are too high. But what can the government do differently to address these issues? Policymakers and our next governor need to acknowledge that current government policies are exacerbating these problems, not solving them.

Government & Public Policy
Tantleff sworn in for second term as NJBA chair, joining six fellow board members

The New Jersey Builders Association has installed Debra Tantleff as its chair for a second term, as it prepares for the rollout of the state’s new affordable housing law and other key policies.

Residential & Mixed Use
Kislak: Trenton apartment owner sells two properties totaling 57 units for $6.2 million

A longtime apartment owner in Trenton has sold two properties with a combined 57 units, in a set of deals arranged by The Kislak Co. Inc.