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
JMF unveils new 125-unit luxury rental property in Morris Plains

JMF Properties has opened the doors to a collection of 125 upscale apartments in Morris Plains, where renters will be a short walk from the borough’s downtown and train station.

Residential & Mixed Use
Hampshire debuts Morristown apartment building with remote work focus, supportive housing (SLIDESHOW)

The Hampshire Cos. has unveiled a new 85-unit luxury apartment building in Morristown, with a design that caters to remote workers and more than a dozen homes reserved for residents with special needs.

Residential & Mixed Use
Hornrock launches leasing at new Hackensack apartment building

Hornrock Properties has taken the wraps off the first piece of what it calls Ivy and Green, a new upscale multifamily development in downtown Hackensack.

Events
From the publisher: Join us June 7 for The Newark Redevelopment Update

Real Estate NJ is going to have a seminar on June 7 at NJIT regarding Newark and its revitalization. Newark means a lot to me. I grew up in Maplewood and took the bus with my friends to downtown Newark to hang out on Broad Street. We would go into Bamberger’s, Hahne’s, S. Klein on the square, etc. After the riots of 1967 Newark changed dramatically and has still not recovered from the stigma of that event. Over the last 15 years I have spent a lot of time in Newark in philanthropic endeavors and have been disappointed that Newark has not made the progress in revitalization that I had hoped it would.

Residential & Mixed Use
Developer sells 34-unit Bound Brook rental building for $10.8 million, Veerman says

A developer has sold a three-year-old, 34-unit apartment building in Bound Brook for nearly $11 million, in a deal arranged by Veerman Asset Management.

Finance & Capital Markets
Prime City, Manasquan Bank ink $7.5 million construction loan for Long Branch rental project

A developer has closed on $7.5 million in construction financing for a 31-unit apartment building in Long Branch, with a groundbreaking set to take place next month.

Residential & Mixed Use
Accurate breaks ground on 325-unit rental project in Parsippany

Accurate has started construction on a project that will bring 325 new apartments to a 26-acre site in Parsippany, adding to its fast-growing residential portfolio in the region.

Residential & Mixed Use
Fields Grade, Slokker unveil 109-unit second phase of The Mint in Rahway

Fields Grade and The Slokker Group have launched leasing at the second piece of a new luxury apartment development in downtown Rahway, the firms announced Monday.

Government & Public Policy
Newark issues RFQ for builders, nonprofits for new equitable growth housing initiative

The city of Newark has issued a call for experienced contractors, developers and nonprofits for a new program to make housing more affordable and, in the process, expand opportunities for minority- and women-owned firms in real estate.

Residential & Mixed Use
Redevelopment of Parsippany office park comes with multilayered approach to sustainability

The transformation of a suburban office park in Parsippany — one of New Jersey’s most closely watched redevelopment projects — comes with a heavy focus on sustainability, including a plan to seek certification with the U.S. Green Building Council for the entire 45-acre community.