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.

JV reportedly pays $181M for N.J. affordable housing portfolio

A joint venture is acquiring a 1,009-unit affordable housing portfolio, spanning seven towns in New Jersey, with the help of a $144 million Fannie Mae loan arranged by an out-of-state firm.

Developers cut the ribbon on new Journal Square tower

After opening for leasing earlier this month, the developers of Journal Squared have officially unveiled the first residential tower in their transformative mixed-use project in Jersey City.

Another leasing milestone for Bloomfield rental building

One of Essex County’s newest luxury apartment projects has reached another leasing milestone, passing the 80 percent mark about six months after opening its doors.

Montclair OKs joint venture’s new rental project

Developers have received approvals to develop 46 upscale rental homes as part of a new boutique multifamily project in downtown Montclair, the joint venture said Thursday.

Valley touts $650M in recent CRE loan volume

Commercial real estate lending continues to be a major driver for Valley National Bank, with the company having recorded some $650 million in new loans in the fourth quarter of last year.

For Westfield development team, a rare opportunity nears completion

The developers of the first modern, transit-oriented multifamily project in Westfield say they’re on track to open the doors of the 70-unit building by this spring. For the joint venture behind the luxury rental community, there’s no overstating the anticipation for delivering a project in one of the state’s most well-known, well-established downtowns.

Developers break ground on mixed-income project at historic Orange printing site

Ironstate Development Co. and The Alpert Group have started construction on a $33 million project that will bring 128 new apartments to an area at the border of Orange and West Orange.

Kislak brokers two-state 1031 exchange totaling $32.5M

An investor has sold a Bergen County office building and acquired another property in Bucks County, Pennsylvania, as part of a recent 1031 exchange brokered by The Kislak Co. Inc.

Investors pay $23.5M for Morris County apartments

A 106-unit, age-restricted rental community in Mount Arlington has changed hands for more than $23 million, following an investment sale brokered by Gebroe-Hammer Associates.

Peapack-Gladstone backs new affordable housing projects

New affordable housing projects are coming to Essex and Burlington counties with the help of a loan program sponsored by Peapack-Gladstone Bank, the financial institution said recently.