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
Marcus: New Jersey rental market to stay resilient despite crush of new supply in 2024

Sustained demand will likely stave off a major spike in apartment vacancy in northern New Jersey, Marcus & Millichap said in a new report, despite what’s slated to be the largest infusion of new supply in decades with more than 15,000 units coming online this year.

People
Saxum promotes five after banner year for investments, development

Saxum Real Estate has promoted five members of its Summit-based team, following a year in which it reached more than $1 billion in capitalizations.

Residential & Mixed Use
Fantin signs 100th lease at 297-unit Overlook Flats project in Journal Square

A developer has leased more than a third of a new 297-unit apartment building in Jersey City, one of the latest additions to the city’s booming Journal Square neighborhood.

Finance & Capital Markets
PGIM inks $41 million loan for rehab of 321-unit Camden affordable housing tower

PGIM Real Estate has provided nearly $41 million in financing to a developer that plans to revitalize a 321-unit affordable housing property in Camden, the lender announced.

People
Larken promotes Nascimento to executive vice president of marketing

Larken Associates has promoted Melissa Nascimento to executive vice president of marketing, recognizing her work during more than 20 years with the Branchburg-based firm.

Residential & Mixed Use
Seven-unit apartment building in Jersey City trades for $1.1 million, Marcus says

A local developer has sold a seven-unit apartment building in Jersey City for more than $1.1 million, in a newly announced deal by Marcus & Millichap.

Residential & Mixed Use
Tredway, L+M affiliate acquire Camden affordable housing tower, eyeing major renovation

An investment group has closed on $68 million in financing to acquire and modernize a 225-unit affordable housing property near the Camden waterfront.

Residential & Mixed Use
‘The Delford’ opens in Rochelle Park, having already hit key leasing milestone

Tulfra Real Estate has opened the doors to its new upscale apartment building in Rochelle Park, where renters have already snapped up 50 percent of the property’s 160 units.

Residential & Mixed Use
Hoboken parcel fetches $7.5 million in latest deal involving ex-NRIA portfolio, CBRE says

AIRN Management has sold a multifamily development site in Hoboken for $7.5 million, in the latest deal involving the former holdings of National Realty Investment Advisors LLC.

Residential & Mixed Use
DMR touts debut of 81-unit rental building at major Whippany redevelopment site

Leasing is underway at a new 81-unit luxury apartment building in the Whippany section of Hanover, part of a sweeping redevelopment project designed by DMR Architects.