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
KRE, National unveil third tower at Journal Squared to conclude pioneering, 1,840-unit project in historic Jersey City neighborhood

Kushner Real Estate Group has debuted the third and final piece of Journal Squared, the collection of more than 1,800 luxury apartments that’s widely seen as a main catalyst for the decade-long development boom in Jersey City’s historic commercial district.

Editor’s Note
Transition time

I’ve come to learn that stories in our People on the Move section are among our most popular online and in print. I understand why — relationships in commercial real estate go back years or decades in many cases, meaning there’s no shortage of interest when a friend or business partner earns a promotion or a position at a new firm. That’s especially true when it comes to developers and owners, as I was reminded earlier this year when we covered two major moves by Accordia.

Retail
Veris-, Woodmont-led venture sells 50,000 sq. ft. Morristown retail asset to Winfield Properties

A joint venture led by Veris Residential Inc. and Woodmont Properties has sold nearly 50,000 square feet of retail space in downtown Morristown, brokers with JLL announced Friday.

Residential & Mixed Use
Kislak brokers sale of 10-unit Point Pleasant rental property for $3.5 million

A buyer has paid $3.5 million for a 10-unit luxury apartment property in Point Pleasant, in a newly announced deal by The Kislak Co. Inc.

Residential & Mixed Use
Viv Muldoon Group, Ridgewood-based residential realtor, joins The Gill Group

Two prominent residential real estate teams in Ridgewood have joined forces with the addition of the Viv Muldoon Group to The Gill Group of Keller Williams Village Square Realty.

People
Reynolds Asset Management taps Green as CFO to support growing portfolio

Real estate finance veteran Stuart Green has joined Reynolds Asset Management as its chief financial officer, bolstering the firm’s executive team as it eyes continued growth.

Deals
Quinas arranges sale of long-vacant retail property in Newark for $625,000

The site of a vacant 2,500-square-foot retail property in Newark has changed hands for $625,000, in a newly announced deal by The Quinas Cos. Inc.

Government & Public Policy
Apartment industry leaders, lawmakers gather for annual NJAA PAC reception (SLIDESHOW)

The strength of the New Jersey Apartment Association was on display this week as its members joined some four dozen lawmakers for the organization’s annual legislative reception.

Residential & Mixed Use
Cervelli: Six-unit rental building in Jersey City Heights sold for $1.1 million

A private investor has purchased a six-unit apartment building in Jersey City Heights for $1.1 million, in a deal arranged by Cervelli Real Estate & Property Management.

Residential & Mixed Use
Boutique apartment building in Jersey City’s Bergen-Lafayette trades for $391,000 per unit

An investor has acquired a new 16-unit luxury apartment building in Jersey City for $6.65 million, in a deal arranged by Redwood Realty Advisors.