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
Tredway, LIHC launch $20 million update of newly acquired Newark senior housing

An investment group has closed on its purchase of a 100-unit, age-restricted apartment tower in Newark with plans to begin a $20 million overhaul of the affordable housing property.

Finance & Capital Markets
BNE lands $103 million refi for new 245-unit Chatham rental property, JLL says

BNE Real Estate Group has secured a $103 million loan to refinance its recently opened, 245-unit luxury apartment property in Chatham, brokers with JLL announced Wednesday.

Professional Services
Kislak promotes three, hires four across Northeast and South Florida offices

The Kislak Co. Inc. is eyeing continued growth in Florida, Pennsylvania and New Jersey after three executive promotions and four new hires in the key markets.

Finance & Capital Markets
Balance sheet lender Bayport Funding sees growing pipeline in North Jersey after recent construction, fix-and-flip financing deals

Real estate lender Bayport Funding is staying bullish on New Jersey after a flurry of recent deals in the state, including a combined $8.25 million in transactions in eastern Bergen County.

Government & Public Policy
Suárez, new DCA chief, pledges continued partnership with NJAA as association opens its annual conference and expo

The New Jersey Apartment Association kicked off its annual conference and expo in Atlantic City with a keynote from Jacquelyn Suárez, the new head of the state’s Department of Community Affairs, who pledged to continue the agency’s strong working relationship with the multifamily industry as it looks to expand housing opportunities across New Jersey.

Residential & Mixed Use
Cervelli: Investor buys 28-unit West New York rental property for $4 million

A private investor has purchased a 28-unit apartment building in West New York for $3.95 million, in a deal arranged by Cervelli Real Estate and Property Management.

Professional Services
Full circle: Architecture students, led by former MHS intern, visits firm for in-depth tour

MHS Architecture recently opened its doors to the next generation, welcoming some two dozen students to its Hoboken office for an in-depth look at the profession and the role of design in real estate development.

Government & Public Policy
Woodmont named conditional redeveloper for key parcel in downtown Haddonfield

Local officials in Haddonfield have named Woodmont Properties as the conditional redeveloper of an 8.2-acre parcel at the edge of the borough’s popular downtown.

Top News
Crockett succeeds Cain as executive director of Jersey City’s Exchange Place Alliance

The Exchange Place Alliance in Jersey City has named a new executive director, tapping former Mack-Cali Realty Corp. executive Deidre Crockett for the role.

Events
NAIOP celebrates the best in New Jersey commercial real estate, drawing 800 for 37th annual awards gala

The annual reception and networking extravaganza drew more than 800 industry leaders, as the chapter honored a series of key real estate players and transformative deals in New Jersey.