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
Meridian secures $18 million loan for Morris County apartment deal

Meridian Capital Group has brokered $18 million in financing for a client to acquire a 106-unit garden apartment complex in Morris County, the firm said.

Residential & Mixed Use
NJAA panelists tout growth of apartment sector, but say challenges remain

The New Jersey Apartment Association’s annual owners’ roundtable kicked off the group’s annual conference and expo in Atlantic City, in what is the industry’s largest annual gathering in the state.

Guest Columns
The rebirth of the suburbs: The impact of aging millennials and driverless car technology

This multiyear transformation of our downtown areas has led to speculation that the single-family, suburban model of development is dead. In this article, I will make a different prediction. Today, I predict that the next great housing boom will be in the suburbs. The millennials will move out of the city and into the suburbs and will commute farther distances, by car, than previous generations.

Residential & Mixed Use
Developer secures $49.6 million loan for Hackensack rental project, HFF says

HFF has arranged nearly $50 million in financing for a newly built 222-unit, luxury apartment complex in Hackensack, the real estate services firm said Tuesday.

Retail
Kushner Cos. unveils new plans, partnership for Monmouth Mall makeover

Drawing inspiration from mixed-use shopping destinations across the country, the Kushner Cos. has detailed its revamped plans to modernize and reposition the Monmouth Mall in Eatontown.

Residential & Mixed Use
Gebroe-Hammer: East Orange luxury high-rise fetches $11.25 million

A veteran East Orange investor has acquired a 44-unit luxury apartment building in the city, in an $11.25 million deal brokered by Gebroe-Hammer Associates.

Residential & Mixed Use
Applied Cos. unveils latest Hudson County apartment building

One of Hudson County’s most well-known developers has taken the wraps off a new five-story, 48-unit apartment building in North Bergen.

Residential & Mixed Use
Developer acquires ready-made apartment site in Westfield, Redwood Realty says

A multifamily builder has paid $3.5 million to acquire a fully approved development site in downtown Westfield, in a transaction arranged by Redwood Realty Advisors.

Office
Farmer’s market is latest amenity along Jersey City waterfront, Mack-Cali says

Developers have opened a weekly farmer’s market in Jersey City as part of a joint effort to bring new offerings residents and workers along the Hudson waterfront.

Professional Services
Residential, day care building set to rise in Newark’s Ironbound

An architectural firm has completed its design of a new mixed-use residential and day care building that is now under construction in Newark’s Ironbound section.