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.

Community
J&L, Newark councilman partner for ‘Build-a-Backpack’ event for Ironbound schools

Newark-based J&L Cos. joined forces with City Councilman Michael Silva last week to support students in the Ironbound neighborhood, collecting backpacks and classroom supplies to distribute ahead of the first day of school.

Finance & Capital Markets
Kushner lands Fortress, Rithm Capital construction loans totaling $415 million for Monmouth Mall redevelopment

Kushner has secured $415 million in construction financing for its landmark plan to transform the Monmouth Mall with a downsized, open-air retail footprint and the addition of 1,000 apartments and new commercial and community spaces.

Residential & Mixed Use
Kislak: Owner sells 44-unit Atlantic County rental complex after 30 years

The longtime owner of a 44-unit apartment and townhome complex in Atlantic County has sold the property for nearly $5.9 million, in a newly announced deal by The Kislak Co. Inc.

Residential & Mixed Use
Halpern unveils full slate of ecofriendly features at Jersey City’s Birch House

Halpern Real Estate Ventures has revealed the full selection of amenities at its high-profile Birch House development in Jersey City’s West Side neighborhood.

Hospitality & Tourism
Bailey details plan to transform Monmouth Park with residential, hotel and community spaces

Real estate magnate Morris Bailey has unveiled plans for a sweeping mixed-use development on some 80 acres alongside Monmouth Park, in a project that is decades in the making and long seen as a key to the future of the iconic Jersey Shore racetrack.

Residential & Mixed Use
Penn Properties sells 208-unit Camden County rental portfolio for $23 million, Berkadia says

Penn Properties has sold a 208-unit garden apartment portfolio in Gloucester Township for $23 million, in a newly announced deal by Berkadia.

Residential & Mixed Use
MORDEVCO breaks ground on 334-unit rental project at key site in downtown Linden

Construction is underway on a new mixed-use project that will bring 334 apartments to downtown Linden, in what will be another addition to the city’s luxury housing stock.

Government & Public Policy
Scutari, acting governor, signs law to allow self-certification of construction documents

Commercial real estate leaders are cheering a newly enacted state law that will allow architects and engineers to self-certify applications for construction permits and other documents, touting it as another step toward streamlining development and cutting red tape.

Finance & Capital Markets
JLL: Tulfra lands $44 million, five-year loan for new 160-unit rental property in Rochelle Park

Tulfra Real Estate has secured $44 million in financing for its newly built, 160-unit luxury apartment building in Rochelle Park, brokers with JLL announced Thursday.

Residential & Mixed Use
Walters eyes Q4 delivery, launches affordable housing lottery for 63-unit Chatham project

A new 63-unit, income-restricted apartment property in Chatham is one step closer to opening with the start of an affordable housing lottery at the complex.