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.

Top News
Prism lands approvals for long-awaited housing phase at ON3, among other major projects

Prism Capital Partners has secured three key approvals for its flagship ON3 campus in Clifton and Nutley, paving the way for new phases including a long-awaited residential component with nearly 1,100 multifamily units, along with a major research and development facility.

Finance & Capital Markets
Cronheim: Buyer scores $28 million loan for 120-unit rental property near Hackettstown

The new owner of a 120-unit luxury apartment complex in Warren County has secured nearly $28 million in acquisition financing, in a deal arranged by Cronheim Mortgage.

Residential & Mixed Use
Ocean County mobile home park trades for $2.3 million, Kislak says

An investor has acquired a mobile home community in the Ocean County township of Manchester for $2.3 million, in a newly announced deal by The Kislak Co. Inc.

Residential & Mixed Use
Cervelli lists 20-unit apartment building in West New York

A four-story, 20-unit apartment building in West New York is on the market for sale, in a newly announced offering by Cervelli Real Estate and Property Management.

Residential & Mixed Use
First phase of long-awaited ‘Power Station’ project breaks ground in Allenhurst

A developer has broken ground in the Monmouth County borough of Allenhurst, where it plans to bring new housing and commercial space to the site of a vacant JCP&L facility downtown.

Residential & Mixed Use
Hartz set to welcome first residents to final Lincoln Harbor residential building

Hartz Mountain Industries is opening the doors to a collection of 218 upscale apartments and amenity spaces that make up the final piece of its iconic Lincoln Harbor district in Weehawken.

Residential & Mixed Use
Larken wins nine awards, including eight for Readington project, in Metro BCA event

Larken Associates has won high praise from the Metropolitan Builders and Contractors Association of New Jersey, earning nine awards from organization for a new luxury apartment complex in Readington and for its ongoing philanthropy.

Residential & Mixed Use
Viking Residential debuts 304-unit luxury rental project in Lumberton

Viking Residential has unveiled more than 300 new apartments in Lumberton, part of a long-awaited project that includes market-rate and affordable homes across a range of product types.

Professional Services
Cervelli promotes Negron to director of property management

Cervelli Real Estate & Property Management has promoted Veronica Negron to director of property management, the North Bergen-based firm announced last week.

Finance & Capital Markets
Newmark: Kushner lands $515 million refi for first phase of ‘The Journal’ in Jersey City

Kushner has secured a $515 million loan from Blackstone for the 966-unit first phase of The Journal, its high-profile multifamily project in Jersey City’s booming Journal Square district.