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
STAR Building Services adds Belkot, Batshaw as vice presidents amid regional expansion

Shrewsbury-based STAR Building Services has hired Christopher Belkot and Andrew Batshaw as vice presidents as part of its expansion into the greater Philadelphia region and New York’s Westchester County.

Residential & Mixed Use
Woodmont, local officials unveil 300-unit Woodmont Forge at Hopewell

Woodmont Properties welcomed local officials last week to mark the opening of Woodmont Forge at Hopewell, its new 300-unit luxury apartment complex in Mercer County.

Residential & Mixed Use
Owner of 46 units at Elizabeth co-op sells portfolio for $5.2 million, Kislak says

A portfolio of 46 apartments at a cooperative property in Elizabeth has changed hands for $5.2 million, in a newly announced deal by The Kislak Co. Inc.

Government & Public Policy
EDA approves $74 million tax credit, boosting award for planned 207-unit Newark high-rise

A project that would bring more than 200 new apartments to downtown Newark is moving ahead with expanded support from the state, securing approvals for up to $74 million in Aspire tax credits from the Economic Development Authority.

Top News
CBRE: Buyer wanted for Harrison ‘town square’ site with major residential, commercial phases

A major development site in Harrison is on the market for sale with approvals in place for 1,500 residential units, a 200-key hotel and large office and retail components.

Community
Denholtz, Dirscherl join Monmouth Conservation Foundation board

The Monmouth Conservation Foundation has bolstered its board with the addition of Denholtz Properties’ Steven Denholtz and Dan Dirscherl of Ares Management.

Residential & Mixed Use
Halpern welcomes first residents to 337-unit Birch House on Jersey City’s West Side

The first renters have arrived at one of the highest-profile new luxury apartment buildings in Jersey City’s fast-growing West Side neighborhood.

Finance & Capital Markets
Colony Hills, Balfour Beatty buy 296-unit Mount Laurel rental complex for $80 million

A joint venture has acquired a 14-building, 296-unit apartment complex in Mount Laurel for $79 million, according to brokers involved in the deal and a related financing transaction.

Top News
Indictment against Norcross, allies details alleged pattern of extortion, political pressure behind Camden’s highest-profile development projects

A series of land deals, developers and high-profile construction projects along Camden’s waterfront are now in the spotlight after New Jersey’s attorney general announced a bombshell indictment against South Jersey power broker George Norcross and five others.

Finance & Capital Markets
Colony Hills, Balfour Beatty buy 296-unit Mount Laurel rental complex from NYL for $80 million

A joint venture has acquired a 14-building, 296-unit apartment complex in Mount Laurel for $79 million, according to brokers involved in the deal and a related financing transaction.