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
Mill Creek seals JV partnership, breaks ground on 253-unit Fort Lee apartment towern

Mill Creek Residential has broken ground on a 253-unit luxury rental tower in Fort Lee, having secured joint venture equity as part of a deal arranged by JLL.

Editor’s Note
Looking forward

As you’ll read in this month’s cover story, builders and advocates see New Jersey’s new affordable housing guidelines as a good starting point after more than a decade of uncertainty, conveying cautious optimism even as they confront the financial hurdles, legal battles and political debates that have slowed housing production in the past.

Residential & Mixed Use
Developer sells new 108-unit rental property in Mount Holly for $34 million

Affiliates of Fernmoor Homes have sold a newly built, 108-unit multifamily property in Mount Holly for $33.6 million.

Residential & Mixed Use
Procida completes major Cherry Hill rental project, taps Newmark to list complex for sale

After taking over a long-stalled residential development in Cherry Hill, Procida Funding is seeking a buyer for the newly completed, 507-unit rental property.

Finance & Capital Markets
KRE lands $175 million loan from Kennedy Wilson for new 595-unit Journal Square tower

Kushner Real Estate Group has secured a $175 million senior construction loan for a new 595-unit luxury apartment tower in Journal Square, its latest in the booming Jersey City district.

Residential & Mixed Use
Kushner eyes early 2025 launch for long-awaited, 1,723-unit rental project in Journal Square

Apartments at a massive mixed-use project in Jersey City are now just months away from hitting the market, with preleasing for the 1,723-unit property set to begin early next year.

Professional Services
Jones moves to Hudson Atlantic as multifamily sales associate

Hudson Atlantic has expanded its brokerage team with the addition of Amanda Jones as a multifamily sales associate, the Parsippany-based firm announced.

Top News
Accordia 2.0: Inside the commercial real estate firm’s next chapter — and the story behind its new leadership team

Accordia is entering a new phase as a developer, investor and asset manager, with high-profile additions to its team, a revamped business plan and several major projects on the horizon.

Residential & Mixed Use
NJAA honors Larken property management team for Warren County rental complex

The New Jersey Apartment Association has recognized the management team behind one of Larken Associates’ newest luxury rental properties in New Jersey.

Residential & Mixed Use
JLL: 194-unit Fort Lee rental property on the market for sale in rare Gold Coast offering

The owner of a 194-unit luxury apartment building in Fort Lee is seeking a buyer for the property, giving investors a chance to own a piece of the booming Gold Coast rental market.