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
Diversified breaks ground on final piece of 107-unit Jefferson rental project

Diversified Properties has started construction on a 75-unit apartment building that will mark the second and largest phase of a project near Lake Hopatcong in Morris County.

Residential & Mixed Use
Kislak brokers $7.9 million sale of Pennsylvania tract slated for 420-unit senior housing project

A developer has acquired a nearly 67-acre parcel in Central Pennsylvania with plans in place to build 420 age-restricted homes, in a newly announced deal by The Kislak Co. Inc.

Retail
Developers of massive mixed-use project in East Orange land $134 million recap

The team behind The Crossings at Brick Church Station in East Orange has closed on nearly $134 million in new financing and capital for the project, where leasing is underway for 400 apartments and new retail space adjacent to NJ Transit rail service.

Residential & Mixed Use
JLL lists 132-unit Fort Lee rental property for sale, touting ‘embedded upside potential’

The owner of a 132-unit luxury apartment building in Fort Lee is seeking a buyer for the property, in a newly announced listing by JLL’s Morristown-based capital markets group.

Finance & Capital Markets
Tulfra, Hampshire land construction loan for mixed-use North Haledon project, JLL says

A development that will bring new self-storage, upscale apartments and retail space to North Haledon is set to begin with the help of a construction loan arranged by JLL.

Residential & Mixed Use
Russo, Dinallo hit key leasing milestone after debut of Hackettstown rental property

Renters are flocking to the new 275-unit Vermella Hackettstown, marking a strong start for the luxury apartment brand’s expansion to Warren County.

Finance & Capital Markets
CMC: Keasbey-based Landmark scores $43 million loan for newly acquired Southeast property

Landmark Cos. has expanded its holdings outside New Jersey, adding a luxury rental property in North Carolina with the help of a $42.5 million loan arranged by Commercial Mortgage Capital.

Residential & Mixed Use
Woodmont, Canoe Brook venture sells 116-unit Secaucus rental property, CBRE says

The developers of a four-year-old, 116-unit luxury rental community in Secaucus have sold the property for nearly $48 million, brokers with CBRE announced Thursday.

Residential & Mixed Use
Berkadia: Updated 25-unit apartment building in Montclair sells for $7.6 million

An investor has sold a renovated 25-unit apartment building near downtown Montclair for nearly $7.6 million, according to a listing team with Berkadia.

Residential & Mixed Use
Randolph tract approved for 35 homes, retail space fetches $4.5 million, C&W says

A developer has acquired a parcel in Randolph with plans in place for 35 housing units and more than 4,000 square feet of retail space, in a transaction arranged by Cushman & Wakefield.