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
Connell breaks ground on 149-unit rental project as latest phase of The Park in Berkeley Heights

Construction is set to begin on a second apartment building at The Park in Berkeley Heights, one of several projects that are underway as part of a plan to create a new mixed-use, downtown-style corridor at the 185-acre property along Interstate 78.

Retail
Prism, dental practice ink lease to fill last retail space at The Nell in Dunellen

Prism Capital Partners has filled the final retail space at a mixed-use development in Dunellen, securing a new 3,800-square-foot lease with a full-service dental practice.

Top News
Procida wins $39 million judgment against ex-developer of Cherry Hill housing project

Procida Funding & Advisors LLC has secured a $39 million judgment against a former borrower and builder of a once-stalled senior housing development in Cherry Hill.

Finance & Capital Markets
Invictus lends $60 million for new 266-unit rental project near Plainfield train station

Ramani Group has closed on a $60 million construction loan from Invictus Real Estate Partners for a planned 266-unit apartment building in downtown Plainfield.

Residential & Mixed Use
Would-be developer buys Newark mixed-use portfolio for $5.3 million, IPRG says

An investor has purchased a portfolio of 15 apartments and commercial space in Newark for $5.3 million, in a deal arranged by Investment Property Realty Group.

Residential & Mixed Use
Columbia Bank sponsors, secures FHLBNY funds for New Jersey affordable housing projects

Investors will build or update nearly 200 affordable housing units in New Jersey with the support of Columbia Bank and newly announced funds from the Federal Home Loan Bank of New York.

Finance & Capital Markets
Buyer of Dallas housing parcel inks $2 million land loan from Kennedy Funding

A developer is set to acquire nearly 63 acres of raw land in Dallas with the help of a $2.05 million land loan from Englewood-based Kennedy Funding.

Finance & Capital Markets
Greystone arranges $286 million bridge loan for 1,000-unit Capodagli portfolio

Capodagli Property Co. has closed on a $285.7 million bridge loan in connection with a portfolio of more than 1,000 apartments in the state, in a newly announced deal by Greystone.

Residential & Mixed Use
Investor buys five-unit Jersey City rental building in value-add deal brokered by Cervelli

A private investor has purchased a five-unit apartment building with ground-floor retail space in Jersey City, in a deal arranged by Cervelli Real Estate & Property Management.

Finance & Capital Markets
S3 Capital lends $255 million for first phase of long-awaited, 1,200-unit Edgewater project

The Maxal Group has closed on a $255 million construction loan for a planned 25-story, 381-unit apartment tower at a long-vacant and well-known parcel along the Hudson River in Edgewater.