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
Jersey City parcel slated for apartments, townhomes after $6 million sale by CBRE

A developer has acquired a parcel in Jersey City’s waterfront Paulus Hook neighborhood for $5.9 million, in one of two newly announced deals by CBRE.

Finance & Capital Markets
Northmarq sources $13 million loan for 49-unit North Arlington apartment building

The owner of a two-year-old, 49-unit apartment building in North Arlington has closed on $13 million in financing for the asset, in a newly announced deal by Northmarq.

Residential & Mixed Use
J&L touts sustainability, wellness features at new 403-unit Ironbound apartment building

J&L Cos. has unveiled a series of features at its new 403-unit luxury apartment building in Newark that it says will promote a healthier, more eco-friendly environment for residents while amplifying a citywide push for sustainability.

Events
Alfred Sanzari Enterprises hosts more than 550 at Glenpointe, marks 78 years in real estate

Alfred Sanzari Enterprises is celebrating nearly eight decades in commercial real estate, a legacy that was on display recently as the firm welcomed a crowd of hundreds to its flagship campus Glenpointe campus in Teaneck.

Residential & Mixed Use
Cervelli named property manager of new 18-unit apartment building in Jersey City

The owner of a new 18-unit apartment building in Jersey City has hired Cervelli Real Estate & Property Management to spearhead its operation of the property.

Residential & Mixed Use
Fox and Foxx eyes 85-unit rental project in Green Brook, continuing move into multifamily

A longtime homebuilder in New Jersey has entered the multifamily sector with two projects in Edison and plans for another in the Somerset County township of Green Brook.

Residential & Mixed Use
Sheldon Gross, Berkadia close $4 million sale of 21-unit South Orange rental building

The longtime owner of a 21-unit apartment building in South Orange has sold the property for $4.1 million, in a deal arranged by Sheldon Gross Realty and Berkadia.

Residential & Mixed Use
New 60-unit apartment building in Rutherford is 50 percent leased, developer says

Renters are snapping up apartments at Vango Development’s new 60-unit building in Rutherford, the second phase of a project in the borough’s downtown.

Retail
Plans to revamp mall parcels with new apartments, public space taking shape across New Jersey

Redevelopment is coming to some of New Jersey’s largest malls, as owners and local officials weigh plans to add apartments, health care facilities and vibrant public spaces meant to infuse them with new foot traffic. Proponents say the projects are essential to the long-term health of even the most successful assets. In other cases, they’re a potential lifeline to once-dominant shopping hubs that have become obsolete and seen their values plummet in recent years.

Professional Services
T&M Associates adds Vizzini as site development practice leader in Northeast

Consulting and professional services firm T&M Associates has tapped Mark Vizzini as its regional practice leader for site development in the Northeast.