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
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.

Residential & Mixed Use
Walters opens affordable housing lottery for third and final phase of Galloway project

The final piece of a new affordable housing community in Galloway is taking shape, as its developer prepares to welcome residents as soon as this spring.

Professional Services
Former Gebroe-Hammer brokers Oropeza, Jarvis launch ICON Real Estate Advisors with $35 million sale of Piscataway rental property

Two former brokers with Gebroe-Hammer Associates have launched a new venture, ICON Real Estate Advisors, marking its debut with the sale of a 110-unit rental property in Piscataway.

Residential & Mixed Use
Hoboken building with apartments, retail space fetches $3.5 million, Marcus says

A private investor has purchased a nearly 3,600-square-foot residential and retail building in Hoboken for $3.47 million, in a newly announced deal by Marcus & Millichap

Events
Is Newark a magnet for capital? Yes, but it’s complicated.

It was a reminder of Newark’s allure as a destination for those who see the value of its workforce, transit access and deep network of anchor institutions. Capturing that upside is far more complicated, according to panelists who explained why and how developers, investors and other stakeholders are making deals work in the city.