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
PCCP provides $162 million construction loan for 345-unit Hoboken Urby project

Commercial real estate finance firm PCCP has closed a $162 million senior construction loan in connection with the planned 16-story, 345-unit Urby apartment building in Hoboken.

Government & Public Policy
Perth Amboy, East Orange projects among five to receive EDA gap financing grants

Plans for a new 23-unit apartment building in Perth Amboy are moving ahead with the help of a grant approved last week by the state Economic Development Authority.

Photos
NJAA welcomes industry leaders for annual golf outing (SLIDESHOW)

The New Jersey Apartment Association hosted its Annual Golf Outing earlier this month, drawing top executives, service providers and other leaders from the state’s multifamily sector.

Residential & Mixed Use
Walters unveils 70-unit third phase of affordable housing development in Lacey Township

Walters has added to its vast housing portfolio in Ocean County after marking the completion of another 70 income-restricted apartments in Lacey Township.

Residential & Mixed Use
Investors trade 17-unit Jersey City apartment building in $2.9 million deal, Cushman says

An investor has acquired a 17-unit apartment building in Jersey City for $2.9 million, brokers with Cushman & Wakefield announced Monday.

Community
Deadline nears for Sanzari Family Foundation’s fall grant program

The Alfred N. Sanzari Family Foundation is nearing the close of its second application period for a grant cycle that will provide local causes with awards ranging from $500 to $10,000.

Professional Services
Adding talent: How DMR has embraced intern-to-hire strategy (and more) to grow its team

DMR Architects has leveraged its internship-to-hire strategy and other means of cultivating young talent, maintaining a strong foundation as it supports an evolving project portfolio.

Residential & Mixed Use
CBRE: Veris sells 240-unit high-end rental property in Park Ridge for $117 million

Veris Residential Inc. has sold a four-year-old, 240-unit luxury apartment building in Park Ridge for $117 million, brokers with CBRE announced Tuesday.

Residential & Mixed Use
Marcus: Nine-unit Hoboken apartment building fetches $4.6 million

A private investor has acquired a nine-unit apartment building in Hoboken for nearly $4.6 million, according to a brokerage team with Marcus & Millichap.

Residential & Mixed Use
JLL: Denholtz seeking buyer for fully approved high-end condo parcel in Sea Bright

Denholtz is looking to sell a shovel-ready development site in Sea Bright that would allow for 15 luxury condominiums along the Shrewsbury River, according to a listing team with JLL.