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
Stillman breaks ground on 132-unit oceanfront condo project in Long Branch

Construction is underway on a long-awaited project that will bring another 132 luxury condominiums to Long Branch’s fast-growing shoreline.

Residential & Mixed Use
Clarion, MRP detail 500-unit residential phase at ex-Burlington Center Mall site

Construction is set to begin on 500 new apartments that will mark another key piece of a plan to redevelop the long-vacant Burlington Center Mall property in Burlington Township.

Residential & Mixed Use
Value Cos. tapped to manage Connecticut rental property, expanding out-of-state footprint

Value Cos. is expanding its footprint in the region with a new management assignment at a 172-unit multifamily property in southeastern Connecticut.

Finance & Capital Markets
PEEK, Circle Squared land $21 million financing deal for 102-unit Orange rental project

PEEK Properties and Circle Squared Alternative Investments have snagged $20.5 million in financing for a planned 102-unit multifamily development in Orange, the firms announced.

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.