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
Denholtz, LMG debut ‘Stadium Lofts’ project outside North Carolina ballpark

Denholtz Properties is expanding its presence in North Carolina through its role in a newly completed, 42-unit luxury apartment building northeast of Charlotte.

Government & Public Policy
Bayonne city council votes to allow 50-story building in key redevelopment area

Officials in Bayonne have taken a key step toward allowing a developer to build a 50-story high-rise along its waterfront, doubling the previous height allowed for any building in the city.

Residential & Mixed Use
Marcus: Value-add 17-unit rental building in Union City trades for $2.1 million

A private investor has purchased a 17-unit apartment building in Union City for more than $2.1 million, brokers with Marcus & Millichap announced Monday.

Finance & Capital Markets
Spencer closes loans for Bridgewater medical office building, Newark housing project

The owner of a medical office building in Bridgewater has secured nearly $8 million in permanent financing, in one of two recent closings by Spencer Savings Bank.

Residential & Mixed Use
Bayport Funding closes $5.2 million acquisition, construction loan for Fort Lee rental project

A private developer has closed on $5.2 million in financing in connection with a planned seven-unit apartment building in Fort Lee, its lender announced Thursday.

Residential & Mixed Use
LeFrak quickly hits 50 percent leased milestone at new 385-unit high-rise in Newport

Renters are snapping up apartments at LeFrak’s newest building in Jersey City, a 385-unit high-rise at the northern end of the famed Newport neighborhood.

Residential & Mixed Use
Developer breaks ground on 282-unit condo project in Weehawken’s Port Imperial section

Construction is underway on what will be 282 luxury condominiums in Weehawken, in a rare new addition to the iconic Port Imperial district along the Hudson River.

Government & Public Policy
Judge tosses lawsuit challenging Scotch Plains’ downtown redevelopment plan

A state Superior Court judge has dismissed a lawsuit by professional services firm PS&S that sought to void a redevelopment plan adopted by Scotch Plains, following the town’s decision in 2021 to change developers for a key piece of its downtown.

Residential & Mixed Use
Reynolds, Slabotsky family office acquire Louisiana apartment complex

Reynolds Asset Management has made another acquisition outside New Jersey, adding a 185-unit apartment complex in Shreveport, Louisiana, in a recent $9.5 million deal.

Residential & Mixed Use
JLL: Buyer (or partner) wanted for 309-unit luxury apartment building in Jersey City

The owner of a four-year-old, 309-unit apartment building in Jersey City is looking to sell or recapitalize the property, according to a brokerage team with JLL.