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.

People
Sigman to retire as LCOR executive vice president, principal at year-end

David A. Sigman, a longtime LCOR executive and a key figure in the developer’s growth in the New York metropolitan region in recent decades, is stepping down at year-end.

Residential & Mixed Use
JLL tapped to sell 393-unit luxury apartment complex in downtown New Brunswick

A luxury apartment complex in New Brunswick is on the market for sale, providing a chance for would-be investors to plant a flag in the city’s fast-growing downtown.

Community
Conference to honor developer Paul Silverman for support of public arts, community building

Longtime developer Paul Silverman will receive a top honor this fall in recognition of his firm’s dedication to the arts, public art and the inclusion of artists’ work in its projects.

Residential & Mixed Use
Buyer wanted for new 148-unit luxury rental building in Jersey City, CBRE says

A developer is seeking a buyer for a new 148-unit luxury apartment building in the fast-growing Journal Square neighborhood in Jersey City, brokers with CBRE said Wednesday.

Residential & Mixed Use
Journal Square development site fetches $6.25 million, eXp Realty says

An active developer has purchased a vacant parcel in Jersey City’s booming Journal Square neighborhood for $6.25 million, according to a brokerage team with eXp Realty.

Residential & Mixed Use
Walters opens lottery, eyes January move-ins for new affordable housing in Hainesport

Walters has opened the affordable housing lottery for a new 72-unit rental property in the Burlington County township of Hainesport, the developer announced Tuesday.

Finance & Capital Markets
W&D: Namdar Group lands $220 million bridge loan for 576-unit Journal Square project

Namdar Group has snagged a $220 million bridge loan for a new 576-unit luxury apartment building in Jersey City, brokers with Walker & Dunlop announced Monday.

Residential & Mixed Use
Axial Partners sells 68-unit Jersey City rental portfolio for $13.8 million, Hudson Atlantic says

A real estate investment firm has sold a two-building, 68-unit apartment portfolio in Jersey City for $13.8 million, in a newly announced deal by Hudson Atlantic Realty.

Residential & Mixed Use
Westminster Management lands in top 25 in online reputation ranking for multifamily sector

Westminster Management has earned a place in the top 25 in an annual ranking published by an influential industry group.

Government & Public Policy
East Orange project with 420 rentals, commercial space lands $298 million Aspire award

The next phase of a massive redevelopment in East Orange is one step closer to breaking ground with the help of a nearly $298 million tax credit award under the state’s Aspire program.