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
Developer inks $88 million sale of 242-unit rental property under construction in Carteret

Forte Real Estate Development has sold a nearly completed, 242-unit luxury apartment building in Carteret for $87.5 million, borough officials announced last week.

Photos
Kokes Properties takes part in local community day as construction continues in Riverside

Kokes Properties is taking steps to further strengthen its ties to the Burlington County township of Riverside, the site of its new multifamily development, including participation in an annual community day organized by local officials.

Residential & Mixed Use
Kislak inks sale of 68-unit Essex County apartment portfolio for $8 million

A third-generation apartment owner has sold a two-property, 68-unit portfolio in Essex County for $8 million, in a deal arranged by The Kislak Co. Inc.

Deals
Family-owned commercial buildings, seven-bedroom home sold in South Jersey

Vantage Commercial has brokered the sale of two commercial properties and a single-family home in southern New Jersey, working on behalf of a family estate.

Top News
Jersey City: First phase of 100-acre, mixed-income Bayfront project to break ground in 2023

The first phase of the 100-acre Bayfront project in Jersey City is slated to include 209 apartments, 35 percent of which will be for lower-income renters. — Courtesy: Jersey City By Joshua Burd Developers will soon break ground on a…

Government & Public Policy
Russo, Onyx and Terminal to lead transformation of NJ Transit’s Metropark station

State officials have picked Russo Development, Onyx Equities and Terminal Construction to spearhead a project that would reshape NJ Transit’s busy Metropark station in Woodbridge.

Residential & Mixed Use
FirstService Residential names business development director for New Jersey, New York

FirstService Residential has hired a new business development director for the New Jersey and New York market, the property management company announced Tuesday.

Residential & Mixed Use
Albanese closes $70 million land deal in Jersey City, eyes 670-unit apartment tower

A developer has acquired nearly two acres in Jersey City with plans to build 670 luxury apartments on the property, in a recently completed deal by Grid Real Estate.

Office
Veris Residential to sell flagship Harborside office buildings in Jersey City for $420 million

Veris Residential Inc. has agreed to sell its iconic Harborside 1, 2 and 3 buildings in Jersey City for $420 million, in a deal that all but completes its exit from traditional commercial assets.

People
Larken Associates taps Iacobucci as chief investment officer

Larken Associates has picked a veteran commercial real estate executive as its new chief investment officer.