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
Diversified, Fidelco launch leasing at 263-unit second phase of Union multifamily project

A development team has unveiled its next phase of luxury apartments in Union Township, where plans call for another 263 units after the project’s initial debut in 2018.

Residential & Mixed Use
Veris Residential brings electric vehicle charging stations to 750-unit Jersey City high-rise

Veris Residential Inc. has unveiled a partnership that has brought two dozen electric vehicle charging ports to a newly built, 750-unit apartment tower in downtown Jersey City.

Finance & Capital Markets
Investor lands $26 million acquisition loan for 1,250-space Hoboken parking deck

The buyer of a 1,250-space parking structure in uptown Hoboken has obtained nearly $27 million in financing for the deal, according to a debt placement team with Northmarq.

Retail
Ripco named retail leasing agent at two upscale Hoboken apartment buildings

The owner of two luxury apartment buildings in western Hoboken has tapped Ripco Real Estate as its leasing agent for a series of street-level retail spaces at the properties.

Finance & Capital Markets
Nexus Properties secures $73 million permanent loan for new 472-unit apartment complex

Development firm Nexus Properties has landed $73 million in financing for a new 472-unit multifamily property in Camden County, brokers with M&T Realty Capital Corp. announced.

Residential & Mixed Use
Kislak: Plainfield apartment owner sells updated 20-unit property

An apartment owner has sold a 20-unit property in Plainfield after completing a series of updates during nearly a decade of ownership, according to brokers with The Kislak Co. Inc.

Residential & Mixed Use
Jersey City apartments trade for $4.5 million, in one of four new deals by B6 Real Estate

An investment group has acquired a 25-unit apartment building in Jersey City’s West Bergen neighborhood, in one of several recent deals by B6 Real Estate Advisors.

Finance & Capital Markets
G.S. Wilcox sources $52 million loan for Tulfra, Hampshire apartments in North Haledon

The developers of a new 180-unit luxury apartment property in North Haledon has secured $52 million in financing, under a deal arranged by G.S. Wilcox & Co.

Residential & Mixed Use
Diversified buys Wharton parcel approved for 60-unit multifamily project, NAI Hanson says

Diversified Properties has acquired the site of what’s slated to become a new 60-unit luxury multifamily property in Morris County, brokers with NAI James E. Hanson announced.

Residential & Mixed Use
Newly built, 629-unit Jersey City rental property leases up in six months

A developer has leased up nearly 630 units at a new luxury apartment building in Jersey City’s West Side neighborhood, achieving the milestone in less than six months.