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
HREV’s Birch House in Jersey City hits 70 percent leased

Halpern Real Estate Ventures has leased more than two-thirds of its new 337-unit high-end apartment property on Jersey City’s West Side, the developer announced this week.

Residential & Mixed Use
Lennar plans fall launch for four new developments with more than 500 homes combined

Lennar is set to debut four new developments in New Jersey, with offerings that will include everything from townhomes in Morris County to single-family dwellings in South Jersey.

Residential & Mixed Use
Larken eyes debut of 120-unit multifamily property in western Warren County

Larken Associates has all but completed a new 120-unit multifamily property in Warren County, just off Interstate 78 and less than a mile from the Pennsylvania border.

Residential & Mixed Use
Kislak closes $3.5 million sale of 18-unit Long Branch apartment complex

An investor has purchased an 18-unit garden apartment complex in Long Branch for $3.5 million, in a newly announced deal by The Kislak Co. Inc.

Finance & Capital Markets
Developer of mixed-use project outside Orlando inks $4 million loan with Kennedy Funding

Kennedy Funding has closed nearly $4 million in financing to the would-be developer of a mixed-use project outside Orlando.

Residential & Mixed Use
Dunellen planning board OKs 50-unit rental project downtown, Taylor Architecture says

A developer has secured a key approval for a project that would bring 50 new apartments and commercial space to Dunellen’s growing downtown.

Government & Public Policy
EDA approves $11.5 million Aspire award for Somers Point affordable housing project

A developer is planning a 43-unit affordable housing project in Atlantic County with the help of a newly approved, $11.5 million tax credit under the state’s Aspire program.

Finance & Capital Markets
Developer lands $29 million in preferred equity for 568-unit rental portfolio in Bound Brook, Hackensack

The owner of a 568-unit apartment portfolio in Bound Brook and Hackensack has recapitalized the properties for $29 million, according to an advisory team with Berkadia.

Residential & Mixed Use
New 30-unit Fort Lee rental building trades for $17 million, Veerman says

A developer has sold a newly constructed, 30-unit apartment building in Fort Lee for $16.8 million, in a transaction arranged by Veerman Asset Management.

Features
Splendor’s growth in Red Bank, creative agency’s home since 2011, has gone hand in hand with robust commercial real estate practice

Commercial real estate clients have been critical to Splendor’s growth as a full-service creative agency, as have the firm’s own decisions about locating and growing its business in Red Bank.