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
EDA approves $74 million tax credit, boosting award for planned 207-unit Newark high-rise

A project that would bring more than 200 new apartments to downtown Newark is moving ahead with expanded support from the state, securing approvals for up to $74 million in Aspire tax credits from the Economic Development Authority.

Top News
CBRE: Buyer wanted for Harrison ‘town square’ site with major residential, commercial phases

A major development site in Harrison is on the market for sale with approvals in place for 1,500 residential units, a 200-key hotel and large office and retail components.

Community
Denholtz, Dirscherl join Monmouth Conservation Foundation board

The Monmouth Conservation Foundation has bolstered its board with the addition of Denholtz Properties’ Steven Denholtz and Dan Dirscherl of Ares Management.

Residential & Mixed Use
Halpern welcomes first residents to 337-unit Birch House on Jersey City’s West Side

The first renters have arrived at one of the highest-profile new luxury apartment buildings in Jersey City’s fast-growing West Side neighborhood.

Finance & Capital Markets
Colony Hills, Balfour Beatty buy 296-unit Mount Laurel rental complex for $80 million

A joint venture has acquired a 14-building, 296-unit apartment complex in Mount Laurel for $79 million, according to brokers involved in the deal and a related financing transaction.

Top News
Indictment against Norcross, allies details alleged pattern of extortion, political pressure behind Camden’s highest-profile development projects

A series of land deals, developers and high-profile construction projects along Camden’s waterfront are now in the spotlight after New Jersey’s attorney general announced a bombshell indictment against South Jersey power broker George Norcross and five others.

Finance & Capital Markets
Colony Hills, Balfour Beatty buy 296-unit Mount Laurel rental complex from NYL for $80 million

A joint venture has acquired a 14-building, 296-unit apartment complex in Mount Laurel for $79 million, according to brokers involved in the deal and a related financing transaction.

Residential & Mixed Use
Joint venture breaks ground on 90-unit multifamily project in downtown Dover

A development team has broken ground on a 90-unit luxury apartment building in Dover, seeking to bring new life to a long-vacant parcel downtown.

Residential & Mixed Use
JLL: Buyer wanted for 110-unit luxury rental property in Edgewater

The longtime owner of a 110-unit luxury apartment complex in Edgewater has put the property on the market for sale, in an offering by JLL’s New Jersey capital markets group.

Residential & Mixed Use
Eight-unit rental project in Dunellen wins planning board approval, Taylor Architecture says

A developer is moving forward with plans for a new eight-unit apartment building in Dunellen, having secured an approval late last month from the borough’s planning board.