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.

Lenders Capital inks construction loan, LP equity for Orange multifamily project

A developer has secured a construction loan and equity for a new 138-unit apartment building in Orange, in a set of newly announced deals by Lenders Capital Realty Services.

Blue Onyx hires former Roseland, Mill Creek exec to lead growing development pipeline

Blue Onyx Cos. has added a veteran development executive to help guide its expansion and a growing pipeline with more than $600 million of estimated construction costs.

Accurate Builders unveils 234-unit rental property near Linden train station

Accurate Builders & Developers has opened the doors to a collection of 234 apartments in downtown Linden, in the latest addition to its growing multifamily portfolio.

JLL inks $65 million construction loan for 337-unit rental project in Jersey City

A developer has secured a $65 million construction loan for a new 337-unit luxury apartment building in Jersey City’s West Side neighborhood, brokers with JLL announced Tuesday.

JLL: Joint venture inks $54 million loan for newly acquired Montclair apartments

The recent buyers of a 163-unit multifamily property in Montclair have landed a $54 million acquisition loan for the property, according to a debt placement team with JLL.

JLL inks sale of 214-unit rental property in Nassau County

Long Island’s largest multifamily owner has sold a 214-unit luxury apartment property in Nassau County, in a deal arranged by JLL’s Morristown-based capital markets team.

EDA approves ERG subsidy for 68-unit housing rehab in Paterson

A joint venture is moving ahead with plans to create new housing for veterans in Paterson, having secured a state subsidy to help it purchase and renovate two buildings.

Inflation and the effects on new construction in 2022

As the United States tries to claw its way out of the COVID-19 pandemic, a long-discussed concern in the market has finally started to come to fruition and affect the economy globally. A disrupted supply chain, labor shortages and record government stimulus has begun to drive prices higher leaving nearly all industries uncertain of what the future holds. For the real estate and construction industry, an elevated inflation rate and the setbacks from the pandemic have resulted in what some call a perfect storm that is showing to have a magnified impact on the development costs and timelines of new projects.

Developer kicks off 600-unit residential, retail project at former Parsippany office park

A development team has broken ground on a project that will bring 600 apartments and townhomes to the site of what was a sprawling highway office park in Parsippany.

Larken touts lease-up, first move-ins at 191-unit rental project in Hillsborough

Larken Associates is marking the lease-up of its new 191-unit luxury apartment property in Hillsborough, in a milestone that comes just as it welcomes its first residents.