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
Café brand Almost Home General opens at distinctive KRE apartment tower in Jersey City

KRE Group has welcomed a new café to the lobby of 351 Marin, a 507-unit luxury apartment tower in downtown Jersey City that opened its doors in 2022.

Residential & Mixed Use
RePropCo: Buyer wanted for new 336-unit luxury rental building at Jersey City, Hoboken border

The developer of a new 336-unit luxury apartment building in Jersey City has listed the property for sale, having tapped RePropCo Capital Advisors to spearhead the offering.

Professional Services
Otteau Group, influential appraisal and advisory firm, promotes Montferrat to partner

The Otteau Group has elevated Connor Montferrat to partner, citing his contributions, leadership and service to clients since he joined the Matawan-based firm in 2017.

Government & Public Policy
Lions Group eyes 360-unit Journal Square rental tower with $90 million Aspire award

A developer is set to break ground on a 34-story, 360-unit apartment tower in Jersey City after securing a nearly $90 million tax credit award under the state’s Aspire program.

Residential & Mixed Use
Romema Capital sells new 104-unit Plainfield rental property, Hudson Atlantic says

The builder of a new 104-unit luxury apartment building in Plainfield has sold the property for $39 million, in a newly announced deal by Hudson Atlantic Realty.

Residential & Mixed Use
JLL tapped to arrange sale of 126-bed Rutgers student housing portfolio in New Brunswick

The owner of a two-building, 126-bed student housing portfolio near Rutgers University in New Brunswick has hired JLL to market the properties for sale.

Residential & Mixed Use
NAIDB: Portfolio with 10 apartments, commercial space trades in Raritan Borough

A private investor has acquired a combined 10 apartments and four commercial spaces in Raritan Borough as part of a two-building portfolio sale arranged by NAI DiLeo-Bram & Co.

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.