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.

Gebroe-Hammer: 57-unit Collingswood rental portfolio sold for $9.4 million

A private investor has purchased a 57-unit apartment portfolio in Collingswood for $9.4 million, in a newly announced transaction by Gebroe-Hammer Associates.

BNE lands $78 million permanent loan for 291-unit South Amboy rental project, M&T says

BNE Real Estate Group has secured $78 million in permanent financing for a collection of 291 new apartments along the Raritan Bay, in a deal arranged by M&T Realty Capital Corp.

Inside C&W’s ambitious plan to add talent, market share in long-established New Jersey office

Cushman & Wakefield is revamping how it identifies and pursues new business opportunities, all while rethinking its brokers’ approach to serving clients and advancing the long-held goal of creating a one-stop shop for its many disciplines and service lines.

Dresdner Robin touts two newest additions to environmental, urban planning teams

Jersey City-based land use consultancy Dresdner Robin has announced two new hires, as it further bolsters its growing environmental service and urban planning departments.

URW taps Mill Creek in plan for 550 rentals, public space at Garden State Plaza

The owner of Westfield Garden State Plaza in Paramus has tapped Mill Creek Residential for a plan to build 550 luxury apartments around the mall, as it looks to create a series of public green spaces and a Main Street to help integrate the newest components.

Valley unveils $100 million ESG lending platform, teams with Community Preservation Corp.

Valley National Bank has announced a new partnership to fund up to $100 million in permanent loans to help builders meet various environmental, social and governance standards.

Design team details new boutique Journal Square apartment building

A design and development team has taken the wraps off a new boutique apartment building in Jersey City, in another addition to the fast-growing Journal Square neighborhood.

Dunellen officials, DMR seeking public feedback for borough’s new master plan

Officials in Dunellen have set out to update the borough’s master plan, working alongside DMR Architects in a process that includes collecting feedback from local residents.

Bolstering the ranks

As you’ll read in this month’s cover story, Prologis’ growing team is supporting a portfolio that now spans 44 million square feet across 200 properties in New Jersey and New York. Growing that footprint will come in a number of ways, Harty said, including the types of creative, value-add projects that involve redeveloping former office campuses. That, in turn, requires additional development and construction personnel like the kind that Prologis has added in recent months. And it comes as the company also hires for what’s known as its Essentials platform, which provides services to tenants such as helping them source materials for their building fit-outs, in a bid to engage them “beyond the four walls and the real estate.”

JLL: Buyer inks $32 million loan for purchase, renovation of Hackensack rentals

The new owner of a 198-unit garden apartment complex in Hackensack has landed nearly $32 million in financing for the acquisition and for its plans to renovate the property.