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
New 60-unit Wharton property fully rented after redevelopment project by Diversified

Diversified Properties LLC has completed its lease-up of a new 60-unit luxury apartment building in Wharton just months after unveiling the project.

Government & Public Policy
Towns file federal lawsuit over New Jersey affordable housing law, adding to state litigation

The coalition of towns seeking to undo New Jersey’s new affordable housing law is taking its case to federal court, arguing the framework violates the Constitution’s equal protection clause.

Residential & Mixed Use
Cervelli: Five-unit rental building changes hands on Jersey City’s West Side

A local investor has purchased a five-unit apartment building in Jersey City’s West Side neighborhood, according to a team with Cervelli Real Estate and Property Management.

Residential & Mixed Use
Journal Square site zoned for residential, mixed-use on the market for sale, eXp Realty says

A vacant development site in Jersey City’s booming Journal Square neighborhood has hit the market, in a newly announced offering by eXp Realty.

Finance & Capital Markets
Apartment owner lands $2.7 million loan for 43-unit North Plainfield complex, Cronheim says

The owner of a 43-unit garden apartment complex in North Plainfield has closed on $2.65 million in financing, according to a debt placement team with Cronheim Mortgage.

Residential & Mixed Use
Veris buys out Ironstate, consolidates ownership of Jersey City Urby in $39 million deal

Veris Residential Inc. is now the sole owner of a distinctive 762-unit apartment tower in Jersey City after acquiring Ironstate Holdings’ 15 percent stake in the building.

Residential & Mixed Use
Marcus: Investor buys six-unit Hudson County apartment building for $1.2 million

An investor has sold a six-unit apartment building in West New York for nearly $1.2 million, brokerage firm Marcus & Millichap announced Monday.

Residential & Mixed Use
Adoni sells new 39-unit Woodbridge apartment building for $14 million

Adoni Property Group has sold a new 39-unit luxury apartment building in Woodbridge for $14.3 million, in a deal arranged by Cushman & Wakefield.

Residential & Mixed Use
JLL: Buyer wanted for 54-unit Bridgewater apartment complex with upside

The owner of a 54-unit apartment complex in Bridgewater is seeking a buyer for the property, brokers with JLL said, touting it as a value-add opportunity in an affluent region.

Residential & Mixed Use
JLL: Cammeby’s buys 406-unit rental property at Wesmont Station for $162 million

Cammeby’s International has expanded its footprint in Wood-Ridge, acquiring a 406-unit apartment building in the Wesmont Station district for nearly $162 million.