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.

Russo unveils 268-unit Belleville rental project, joining longtime local business owner

Russo Development is hailing the success of a new mixed-use apartment property in Belleville, where it has teamed with a well-known business to transform part of a key corridor.

New 280-unit rental property in Newark more than 50 percent leased, Shorewood says

Shorewood Real Estate Group has rented more than 50 percent of The Ballantine, a new 280-unit luxury rental property at the onetime site of a historic brewery in Newark.

Woodmont launches leasing at 120-unit townhome, apartment project in Lehigh Valley

Woodmont Properties has unveiled 120 new luxury rental homes in Pennsylvania’s Lehigh Valley, its latest addition to a development about 25 miles west of New Jersey.

West New York, Bayonne rental properties totaling 32 units trade in separate deals by CBRE

Two apartment buildings with a combined 32 units have changed hands in Hudson County, in a set of newly announced transactions by CBRE.

Updated 10-unit apartment building in North Bergen trades for $1.7 million, Cervelli says

A private investor has purchased a 10-unit apartment building in North Bergen for $1.68 million, according to a brokerage team with Cervelli Real Estate & Property Management.

Taurasi Group nears launch of 110 luxury condos at historic Hoboken factory building

A collection of 110 luxury condominiums will soon hit the market in Hoboken, bringing new life to a historic industrial property at the southern edge of the city.

SJP, Claremont eye groundbreaking for 444-unit rental tower at historic Jersey City church site

SJP Properties, Claremont Development and Battery Global Advisors are set to begin construction on a new 444-unit luxury rental tower in Jersey City, having secured joint venture equity and financing in connection with the project.

Sharbell debuts 20 townhomes as final piece of Montgomery project

Sharbell Development Corp. has unveiled 20 new townhome-style condominiums in Somerset County, marking the completion of a project just west of Route 206.

Deluccia: Raritan Borough building with four apartments, restaurant trades for $1.2 million

An investor has purchased a mixed-use building in downtown Raritan Borough for $1.15 million, in a newly announced deal by Deluccia Commercial Group.

Napier Park sells 43-unit Newark portfolio in REO deal, CBRE says

An alternative asset manager has sold an updated two-building, 43-unit apartment portfolio in Newark as part of a real estate owned transaction arranged by CBRE.