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.

People
Saxum’s Vitiello promoted to controller

Saxum Real Estate has promoted Chris Vitiello to the post of controller with its Summit-based team.

Retail
Retail space at downtown Montclair condo property on the market for sale, JLL says

The owner of nearly 36,000 square feet of high-end retail space in downtown Montclair is looking to sell the property, brokers with JLL said in a recent offering.

Residential & Mixed Use
Boutique apartment building in Jersey City more than 75 percent leased, developers say

Alpine Residential and Fields Grade have leased more than 75 percent of their new 39-unit luxury apartment building in Jersey City, the firms announced last week.

Residential & Mixed Use
Buyer wanted for 2.25-acre redevelopment portfolio in Union City, Kislak says

A portfolio of 13 parcels in Union City is on the market for sale, brokers with The Kislak Co. Inc. said, touting it as a redevelopment opportunity along New Jersey’s booming Gold Coast.

Residential & Mixed Use
AvalonBay opens 349-unit rental property in Montville, bringing new life to former eyesore

A new 349-unit apartment property has opened its doors in Montville, helping to transform a sprawling former junkyard property that was long an eyesore along Route 46.

Residential & Mixed Use
Sharbell sells 64-unit Robbinsville development for $20 million, Hudson Atlantic says

Sharbell Development has sold a 64-unit apartment property in Robbinsville for $20 million, in a newly announced deal by Hudson Atlantic Realty.

Residential & Mixed Use
New 200-unit luxury rental property set to open in downtown Jersey City (SLIDESHOW)

Another luxury apartment building has hit the market in Jersey City, bringing an additional 200 units to the downtown as it prepares to open its doors in the weeks ahead.

Residential & Mixed Use
Alpine, Fields Grade adding four new eateries to Bergen-Lafayette rental portfolio in Jersey City

The developers of several apartment buildings in Jersey City’s growing Bergen-Lafayette neighborhood are welcoming four new dining options to the portfolio.

Finance & Capital Markets
JLL: Developer of 42-unit Journal Square building snags $13 million construction loan

A new 42-unit apartment building is coming to Jersey City’s Journal Square with the help of a $13.1 million construction loan, according to a debt placement team with JLL.

Residential & Mixed Use
SAGE: Investor buys 31-unit Elizabeth apartment building for $4.2 million

A private investor has acquired a 31-unit apartment building in Elizabeth for $4.2 million, in a newly announced deal by SAGE Investment Real Estate Advisors.