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
Hekemian Group inks financing package for 465-unit Jersey City rental project, JLL says

The Hekemian Group has secured financing from multiple lenders for a planned 465-unit luxury apartment property in Jersey City, brokers with JLL announced Tuesday.

Residential & Mixed Use
NRP adds Tryder as vice president of construction business development for Northeast

The NRP Group has made a key addition to its team in the region, hiring Matt Tryder to help grow its third-party construction business across the Northeast.

Residential & Mixed Use
JCMLiving launches leasing at 295-unit rental project at Wesmont Station in Wood-Ridge

Leasing is underway at the new 295-unit luxury apartment building in Wood-Ridge that will mark the final residential phase of the master-planned, 150-acre Wesmont Station project.

Residential & Mixed Use
Hartz debuts 218-unit rental project as final piece of iconic Lincoln Harbor district in Weehawken (SLIDESHOW)

Hartz Mountain Industries is marking a milestone at its landmark Lincoln Harbor neighborhood in Weehawken, unveiling a new 218-unit apartment building on what was the district’s final development parcel.

Residential & Mixed Use
Hudson Atlantic: Camden County rental property sold after income restrictions expire

A private investor has acquired a 284-unit senior housing property in the Camden County borough of Barrington, in a newly announced deal by Hudson Atlantic Realty.

Finance & Capital Markets
G.S. Wilcox closes $25 million loan for 296-unit Charlotte rental property

G.S. Wilcox & Co. has arranged nearly $25.3 million in financing for a 296-unit multifamily property in North Carolina, the Morristown-based mortgage banker announced recently.

Top News
JLL: Long Island office building is ‘ripe for redevelopment’ as industrial, multifamily

JLL’s Morristown-based investment sales team is marketing another potential redevelopment site at an aging office property, this time in the Long Island community of Melville.

Editor’s Note
Taking notice

As you’ll read in this month’s cover story, developers are laying the groundwork for what could be a new wave of apartment construction in downtown New Brunswick, seeking to meet the needs of workers that will come from the transformative, large-scale commercial projects that are taking shape. City officials say they’ve approved plans for residential projects with more than 2,000 units since the start of 2022, with hundreds more in the pipeline, setting the stage for a major infusion of new housing.

Residential & Mixed Use
Connell unveils new renderings of two-phase, 328-unit rental project in Berkeley Heights

The Connell Co. is offering a new glimpse of the two apartment buildings it’s developing at The Park, its flagship business and hospitality campus in Berkeley Heights.

Events
Milanaik to receive lifetime achievement award as NAIOP honors top CRE deals, professionals

Esteemed developer Jeff Milanaik will headline this year’s NAIOP New Jersey Commercial Real Estate Awards Gala, where the association will also unveil its coveted Deal of the Year winners while honoring several other key figures and service providers.