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
Kislak brokers two-state 1031 exchange totaling $32.5M

An investor has sold a Bergen County office building and acquired another property in Bucks County, Pennsylvania, as part of a recent 1031 exchange brokered by The Kislak Co. Inc.

Residential & Mixed Use
Investors pay $23.5M for Morris County apartments

A 106-unit, age-restricted rental community in Mount Arlington has changed hands for more than $23 million, following an investment sale brokered by Gebroe-Hammer Associates.

Residential & Mixed Use
Peapack-Gladstone backs new affordable housing projects

New affordable housing projects are coming to Essex and Burlington counties with the help of a loan program sponsored by Peapack-Gladstone Bank, the financial institution said recently.

Residential & Mixed Use
EDA extends opportunity to acquire prime waterfront site in Camden

State officials have extended the deadline for developers to submit their proposals for transforming the waterfront site of a former prison in Camden.

Projects
NAIOP unveils deal of the year finalists for upcoming gala

With two months to go until its annual gala, NAIOP New Jersey has revealed the finalists for its Deal of the Year Awards.

Residential & Mixed Use
Kislak brokers $21M in apartment sales in Passaic, Morris

Five apartment properties in northern New Jersey have traded for a total value of more than $21 million, under a 1031 exchange brokered by The Kislak Co. Inc.

Residential & Mixed Use
Developers buy Hackensack site for redevelopment, Alexander Anderson says

Developers plan to convert an office building in downtown Hackensack into 90 luxury apartments after acquiring the property for $2.5 million, according to brokers in the deal.

Residential & Mixed Use
Leasing begins at JMF rental project in Maplewood

JMF Properties has launched a preleasing program at its new health-oriented, 20-unit residential community in downtown Maplewood, the developer announced Wednesday.

Residential & Mixed Use
Newark rising: Successful projects breed confidence for what’s still to come, panel says

The Newark Regional Business Partnership’s annual Real Estate Market Forecast included an expert panel of developers and professionals. — Courtesy: Harold Banks/Prudential Financial

Residential & Mixed Use
First phase of Jersey City rental complex opens for leasing

The developers of Journal Squared, a mixed-use development rising in Jersey City’s historic commercial hub, say the first of their three planned residential towers is open for business.