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
Veris to be acquired by Affinius Capital-led group in $3.4 billion all-cash deal

An investor group led by Affinius Capital is acquiring Veris Residential Inc., in a $3.4 billion deal that will take the company private after its high-profile, multiyear pivot from the iconic former Mack-Cali Realty Corp.

Residential & Mixed Use
First residents arrive at new Walters affordable housing property in Burlington County

Walters is welcoming residents to its latest project in New Jersey, a new 72-unit affordable rental community in Burlington County’s Hainesport Township.

Residential & Mixed Use
New 97-unit luxury rental building in West New York on the market for sale, CBRE says

The developer of a new 97-unit luxury apartment building in West New York is seeking a buyer for the property, in a newly announced offering by CBRE.

Retail
L+M, Pierson Commercial lease up retail space at iconic Hahne & Co. project in Newark

Pierson Commercial has completed the lease-up of nearly 30,000 square feet of retail space at Hahne & Co., the landmark project in downtown Newark by L+M Development Partners.

Residential & Mixed Use
Sterling Properties enters Connecticut with new 117-unit luxury rental project

Sterling Properties Group has planted a flag in Connecticut, where it’s marking the debut of a 117-unit luxury apartment property near one of the state’s largest cities.

Government & Public Policy
Destination Plainfield: Queen City, with thousands of new units online, turns its focus to retail and recreation

First, Plainfield officials focused on building out their housing stock. Now, they’re making sure residents have a reason to stay in town by working to attract new shopping, entertainment and restaurant options.

Top News
Newark Regional Business Partnership launches Real Estate Council with industry heavyweights

The Newark Regional Business Partnership, the longtime host of a signature commercial real estate event, is doubling down on its ties to the industry with a newly formed advisory group.

Residential & Mixed Use
Larken’s Heckman named executive vice president of multifamily operations

Larken Associates has promoted longtime team member Jessica Heckman to executive vice president of multifamily operations, the Branchburg-based firm said Tuesday.

Finance & Capital Markets
Legacy owner scores $296 million loan for 1,880-unit New Jersey apartment portfolio

The owner of nearly 1,900 garden-style apartments in northern and central New Jersey has closed on $296 million in financing for the portfolio, brokers with JLL announced.

Finance & Capital Markets
JLL: ‘Vintage City’ team lands $83 million debt, mezzanine deal for 258-unit Elizabeth project

A development team has secured more than $83 million in capital to build 258 new luxury apartments in Elizabeth, in the second phase of a project that has won widespread acclaim.