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
Two-building, 408-unit rental portfolio in Jersey City trades for $222 million, CBRE says

A group advised by J.P. Morgan Asset Management has sold 408 apartments across two properties in Jersey City for nearly $222 million, brokers with CBRE announced Tuesday.

Residential & Mixed Use
LMG, Denholtz unveil 167-unit rental property as Charlotte-area project takes shape

Denholtz Properties and Lansing Melbourne Group have marked the debut of 167 apartments in North Carolina, the second piece of a multiphase project outside Charlotte.

Top News
Norcross, codefendants plead not guilty in racketeering case tied to Camden waterfront

South Jersey political boss George Norcross pleaded not guilty on Tuesday to racketeering and other charges in a high-profile case brought by the state, with prosecutors alleging he and others unlawfully secured lucrative tax credits and property in Camden for their personal gain.

Residential & Mixed Use
First phase of Citizen Bayonne rental project more than 90 percent leased

A new 252-unit apartment building in Bayonne is approaching full occupancy, in another sign of strength for the fast-growing residential district along the city’s waterfront.

Residential & Mixed Use
FIAT House, rental project with distinctive EV car-sharing program, opens in Fort Lee

More than 300 new apartments have hit the market in Fort Lee with a series of amenities including an on-site fleet of electric FIAT vehicles that residents can rent at their convenience.

Retail
Pierson: Tenant wanted for newly available, 4,000 sq. ft. retail space in Jersey City

A retail space in Jersey City section is available for the first time in more than a decade, offering some 4,000 square feet in a busy residential and commercial district.

Professional Services
March Construction announces three promotions, including new chief operating officer

March Construction has promoted Thomas A. Cavallero to chief operating officer, while elevating Dawn St. Denis to assistant controller and Thomas Easse to senior project manager.

Residential & Mixed Use
PEEK launches leasing at 99-unit second phase of Orange Crossing project

Leasing is underway at PEEK Properties’ newest multifamily project in Orange, a 99-unit midrise property just north of Interstate 280 and two blocks from NJ Transit rail service.

Retail
Denholtz welcomes Filoncino Café to The Rail at Red Bank

An Italian bakery and café has opened on the ground floor of The Rail at Red Bank, Denholtz Properties’ 57-unit luxury apartment building adjacent to the borough’s NJ Transit station.

Residential & Mixed Use
Nasser Freres, Fulop break ground on 622-unit luxury apartment tower in Journal Square

Development firm Nasser Freres has broken ground on a project that will add 622 apartments and commercial space to Jersey City’s resurgent Journal Square neighborhood.