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.

Government & Public Policy
Perth Amboy approves Kushner plan for 602 rentals, public amenities along city’s waterfront

Kushner and city officials in Perth Amboy have taken a key step in a plan to bring more than 600 apartments and retail space to a nearly 16-acre stretch along the Arthur Kill waterfront.

Finance & Capital Markets
Office-to-residential project with 40 units in Newark refis for $11 million, Eastern Union says

A developer has secured nearly $11 million in financing for a project that will convert an office building in Newark into 40 apartments, tenant amenities and commercial space.

Top News
Remembering Justin Gingeleskie, KRE Group’s longtime director of leasing, ‘a kind person and a true gentleman’

KRE Group and the Kushner family are mourning the loss of Justin Gingeleskie, its longtime director of leasing and a highly respected member of the state’s commercial real estate industry.

Residential & Mixed Use
Kislak: Family office sells Millburn apartment, retail building after more than 50 years

A family ownership group has sold an apartment and retail building in Millburn for $4 million, in a newly announced deal by The Kislak Co. Inc.

Health Care
National Development entering New Jersey with 86-unit senior living project in Scotch Plains

National Development has broken ground on a new 86-unit senior living community in Scotch Plains, marking its entrance to New Jersey as part of a multipronged expansion in the region.

Residential & Mixed Use
New TFE townhome-style rental project in Somerville hits 50 percent leased milestone

TFE Properties has leased 50 percent of a new rental project that will bring 174 townhome-style units to a location just outside downtown Somerville.

Government & Public Policy
Bill to boost housing density with extra state aid to towns clears Assembly committee

State lawmakers are hoping to create new housing in New Jersey with an incentive-based approach, unveiling a bill that would boost aid to municipalities that update their zoning to allow for higher-density residential development.

Deals
Downtown Morristown development site trades for $4.9 million, Marcus says

A local private investor has acquired a development site in downtown Morristown for $4.9 million, brokers with Marcus & Millichap announced Monday.

Residential & Mixed Use
Jersey City’s NUIC lands unanimous planning board approval for 44-unit rental project

Development firm NUIC plans to redevelop a long-vacant site at 174-178 Martin Luther King Drive in Jersey City as a five-story, 44-unit apartment building known as Harmony House. — Rendering courtesy: NUIC By Joshua Burd The Jersey City planning board…

Residential & Mixed Use
East Rutherford rental project moves ahead with key zoning board approval, Taylor says

A developer has taken a key step in a plan to build a new 26-unit apartment building in East Rutherford, according to a project team with Taylor Architecture & Design.