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
Veerman: Family sells 24-unit Bayonne rental property for $4.4 million

The longtime owners of a 24-unit apartment building in Bayonne have sold the property for $4.4 million, according to a brokerage team with Veerman Asset Management.

Residential & Mixed Use
Sage: Woodmont sells 120-unit Warren County rental property for $43 million

Woodmont Properties has reaped nearly $43 million from its sale of a new 120-unit luxury rental community outside Hackettstown, brokers with Sage Investment Real Estate Advisors said.

Residential & Mixed Use
Buyer wanted for 421-unit luxury rental property in Westchester County suburb, JLL says

The developer of more than 400 luxury apartments in Westchester County has listed the property for sale, in a newly launched offering by JLL’s Morristown-based capital markets team.

Residential & Mixed Use
Longtime owner sells 47-unit Irvington rental portfolio for $4.7 million, Kislak says

An investor has purchased a two-building, 47-unit apartment portfolio plus vacant land in Irvington for $4.7 million, in a newly announced deal by The Kislak Co. Inc.

Residential & Mixed Use
Veris sells 197-unit Morris Plains rental property for $85 million, in deal arranged by CBRE

Veris Residential Inc. has sold a 197-unit luxury apartment building in Morris Plains, fetching $85 million for an asset that helped revitalize a former aging suburban office property.

Residential & Mixed Use
Saxum eyes groundbreaking for 106-unit townhome community near Raleigh, North Carolina

Saxum Real Estate has closed on the site of a planned 106-unit townhome community in a fast-growing town just outside Raleigh, North Carolina.

Top News
Jeffrey Wiener, former Kislak president and leading N.J. multifamily broker, dies at 75

Jeffrey Wiener, a revered, highly successful broker who spent nearly five decades with The Kislak Co. Inc., including 17 years as its president, has died after a long illness. He was 75.

Finance & Capital Markets
Cannon Hill, Hampshire land $20 million refi for 82-unit Hackensack rental project

Cannon Hill Capital Partners and The Hampshire Cos. have closed on a $20.1 million refinance for a luxury apartment building in Hackensack, brokers with Cushman & Wakefield announced.

Finance & Capital Markets
Luxury senior housing project in Nutley scores $29 million construction loan, JLL says

A developer has secured a nearly $30 million construction loan for an 85-unit, age-restricted residential project in Nutley, brokers with JLL announced Thursday.

Residential & Mixed Use
Kislak: West Long Branch parcel slated for high-end homes fetches $5.8 million

A development site that could bring new multimillion-dollar homes to West Long Branch has changed hands for $5.8 million, brokers with The Kislak Co. Inc. announced Wednesday.