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
Advance opens new Hoboken rental building

With the rebuilt 14th Street viaduct as a backdrop, Advance Realty joined public officials on Wednesday to unveil its new luxury apartment building in northern Hoboken.

Finance & Capital Markets
Gebroe-Hammer brokers three Jersey Shore multifamily deals

Two multifamily properties in Asbury Park have changed hands for more than $9 million, one of three Jersey Shore-area deals arranged recently by Gebroe-Hammer Associates.

The Rundown
Reports: 100,000 affordable units at stake in Supreme Court case

Arguments before the state Supreme Court are now underway in one of more pivotal cases tied to New Jersey’s beleaguered affordable housing policy, centering on the so-called gap years in which developers and towns were without clear guidelines.

Residential & Mixed Use
NJBA honors Riggs for decades of service to homebuilding industry

Industry leaders hailed the accomplishments of Joe Riggs, a longtime group president with K. Hovnanian Enterprises, during an evening reception in Florham Park. The New Jersey Builders Association hosted the event as part of a fundraiser for its political action committee, drawing some 250 homebuilding executives and professionals to the Park Avenue Club and raising about $150,000.

Residential & Mixed Use
With Cast Iron Lofts, a new neighborhood rises in J.C.

The roughly $170 million Cast Iron Lofts project is just the start of what Manhattan Building Co. ultimately sees as a 2,500-unit community dubbed SoHo West, as it turns its focus to two other towers that are now under construction about a block away.

Residential & Mixed Use
Affordable housing builder breaks ground in Vineland

A developer has broken ground on a new affordable housing and retail complex in downtown Vineland after securing nearly $18 million in financing, a representative said.

Residential & Mixed Use
NJAA honors top apartment players at annual gala

More than 700 professionals from the multifamily housing industry gathered recently to honor companies, individuals and allied services at the New Jersey Apartment Association’s 23rd Annual Garden State Awards of Excellence gala.

People
New property manager joins Denholtz

Denholtz Associates has hired a property manager to help oversee its portfolio in Central Florida, the Matawan-based commercial real estate firm said Wednesday

Government & Public Policy
Acquisition gives N.J. full control over Fort Monmouth site

After four years of redevelopment efforts that focused on only half of the sprawling Fort Monmouth property, a state authority has acquired the remaining 560 acres from the U.S. Army, allowing it to move ahead with projects that are slated for the balance of the site.

Government & Public Policy
Developers wanted for former Camden prison site

A state authority is seeking a developer for the site of a former prison in Camden — a parcel that it describes as “the most valuable piece of real estate” on the city’s northern waterfront.