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