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.

Vito Mazza, fixture in downtown Woodbridge, opens new salon at Prism’s Avenue & Green

Prism Capital Partners has welcomed a full-service salon and spa to its Avenue & Green project in Woodbridge, providing a new home for one of the township’s best-known businesses.

CBRE: Daten Group secures $17 million refi of 46-unit Hoboken rental property

The developer of a 46-unit luxury apartment building in Hoboken has refinanced the property with a $17 million loan, in a newly announced deal by CBRE.

Owners Council Q&A: Lou March

I feel like we’re in the starting gates at the Kentucky Derby, with immense potential waiting to be unleashed. Unfortunately, the gates remain locked by the financial markets. Until the lending environment opens up, that energy is being held back, and we’re all ready to run.

Woodmont adds three, promotes six to support fast-growing development pipeline

Woodmont Properties has announced a flurry of new hires and promotions in support of a development pipeline with more than $2 billion in commercial and multifamily projects.

Owners Council Q&A: Katie Kurtz

In many property types, the market remains at somewhat of a standstill, with the high cost of capital making desired return metrics hard to hit. However, the strength of the multifamily and industrial sectors allows smart investors to transact. The promise of further rate cuts does bring reasons for optimism. Predicting the exact industry response is challenging though, as it will take time for the market to adjust to the new rates and benchmarks before transaction volume picks up.

Jeffrey, Christopher Otteau sell interests in Hudson Atlantic Realty after firm’s 2021 founding

Jeffrey Otteau and Christopher Otteau of Otteau Group Inc. have sold their stakes in Hudson Atlantic Realty Advisors, a commercial real estate brokerage they helped found in 2021.   

REDCOM breaks ground on 42-unit multifamily project in Scotch Plains

More than 40 new apartments are coming to Scotch Plains as part of a project that’s now underway by REDCOM Design & Construction.

Developers land $250 million in financing for 132-unit Long Branch condo project

A development team has secured more than $250 million in financing for a plan to bring 132 lavish condominiums to the Atlantic Ocean shoreline in Long Branch.

Kushner sells 276-unit garden apartment portfolio in Westwood, River Vale for $80 million

Kushner has sold a four-property, 276-unit portfolio of garden apartments in Bergen County for $80 million, brokers with JLL announced Wednesday.

Larken welcomes first residents, touts leasing milestone at new 120-unit Warren County project

The first residents have arrived at Larken Associates’ new 120-unit luxury apartment complex in the Warren County township of Pohatcong.