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.

Government & Public Policy
Hackensack council votes to scrap PILOTs for major projects by Sanzari, Russo and Enburg, with legal action now looming

The Hackensack city council has voted to rescind payment in lieu of taxes agreements for three high-profile development projects, raising major questions about the fate of proposals that would bring another 650 luxury apartments to the municipality.

Residential & Mixed Use
Woodmont breaks ground, eyes 2028 delivery for 300-unit Metropark rental project

Woodmont Properties has broken ground on a project that will bring 300 new luxury apartments to a site less than a mile from the Metropark train station in Woodbridge.

Finance & Capital Markets
JLL arranges construction loan, JV equity for 230-unit upscale rental project in Watchung

A six-building, 230-unit multifamily project in Watchung is moving ahead with the help of a construction loan and joint venture equity secured by JLL.

Residential & Mixed Use
Larken hails completion, lease-up of 120-unit multifamily property in Pohatcong

Larken Associates has completed and leased up a collection of 120 new apartments in Warren County, marking another milestone for its fast-growing residential portfolio.

Residential & Mixed Use
Weiss Realty sells Fort Lee development site approved for 24 high-end rentals

Weiss Realty has sold a development site in Fort Lee with approvals in place for a 24-unit luxury apartment building.

Residential & Mixed Use
PRC enters New Jersey, acquires 150-unit affordable housing complex in Paulsboro

Real estate firm PRC has acquired a 150-unit apartment complex in Paulsboro, where it’s now planning a major update to help maintain the property’s affordable housing subsidies.

Residential & Mixed Use
Urby breaks ground in Hoboken as residential brand expands in Hudson County

Urby has broken ground on a 16-story, 345-unit apartment tower in Hoboken that will mark the latest expansion of the distinctive residential brand.

Residential & Mixed Use
KSR: Developer buys Plainfield property for $4.25 million, eyeing major residential project

A developer has acquired the site of a vacant building in Plainfield that will become part of a planned residential project, in a deal arranged by Kassin Sabbagh Realty.

Finance & Capital Markets
JLL sources $131 million loan for latest phases of Elmwood Park’s Riverwalk project

A developer has landed more than $131 million in senior financing for a four-building, 390-unit multifamily project in Elmwood Park, according to a debt placement team with JLL.

Residential & Mixed Use
Developer sells 36-unit Old Bridge rental property for $12 million, CBRE says

EOM Realty has sold a newly built 36-unit apartment building in Old Bridge for more than $12 million, brokers with CBRE announced Tuesday.