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.

Finance & Capital Markets
HFF closes sale of Riverdale apartment complex

An investment group has acquired a 212-unit, midrise apartment property in Riverdale, in a deal arranged by brokers with HFF.

Residential & Mixed Use
Kislak: East Orange apartment properties trade for $19.6M

The Kislak Co. Inc. has sold an apartment portfolio spanning five properties in East Orange, in what the firm says is the largest multifamily sale in the city since 2012.

Residential & Mixed Use
At N.J. apartment summit, experts tout a dual-powered market

Experts touted the success of two separate classes in the state’s multifamily sector. One set consists of the high-end, newly built rentals along the Hudson waterfront, while the other includes the older, garden-style apartments that are farther west, but ripe for value-add improvements.

Residential & Mixed Use
Chinese builder breaks ground on Jersey City condo complex

The U.S. affiliate of a Chinese construction giant has broken ground on its first project in Jersey City, a 358-unit condominium complex within the city’s waterfront Newport section.

Residential & Mixed Use
Builder touts lease-up of Jersey City redevelopment project

The high-end residential complex in Jersey City known as The Beacon has leased up its sixth and final apartment building, marking the completion of a distinctive, ambitious project that saw developers readapt a sprawling early 20th-century hospital.

Government & Public Policy
Toms River, advocates strike affordable housing deal

A deal between local officials and a housing advocacy group will result in Toms River having the fourth-highest number of new affordable housing units in the state in the coming decade.

People
New brokerage targeting multifamily, commercial sales

Frank Somma By Joshua Burd The co-founder of a longtime North Jersey brokerage firm is starting a new venture. Frank Somma, an industry veteran of more than 40 years, announced recently the formation of Somma Associates LLC. The new firm…

Residential & Mixed Use
Charging stations, car sharing come to Jersey City buildings

Two of Jersey City’s newest residential buildings are playing host to electric vehicle charging stations and a car sharing program founded by a local developer.

Residential & Mixed Use
Apartments at Fort Lee’s Hudson Lights open for leasing

Tucker Development is officially seeking tenants for the first residential phase of Hudson Lights, a mixed-use, 1 million-square-foot project that has helped transform downtown Fort Lee.

Residential & Mixed Use
Final piece of Weehawken condo project underway

Lennar has started construction on 67 new condominiums along the Weehawken waterfront, marking the final phase of the company’s luxury community known as Henley on Hudson.