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
Berkadia: Investor buys 36-unit Elizabeth rental property with upside for $4.8 million

The longtime owner of a 36-unit garden apartment building in Elizabeth has sold the property for $4.8 million, in a newly announced deal by Berkadia.

Residential & Mixed Use
Woodmont touts full lease-up of 120-unit rental property near Hackettstown

Woodmont Properties has completed its lease-up of a new 120-unit luxury rental property at the eastern edge of Warren County.

Top News
NJPAC redevelopment underway as construction begins for redesigned outdoor space

Construction is underway for a project that will revamp the New Jersey Performing Arts Center’s outdoor space, in the first piece of a major redevelopment for the Newark theater complex.

Residential & Mixed Use
Investor buys 24-unit apartment complex in Oradell, in value-add deal brokered by SAGE

A long-term owner has sold a 24-unit garden apartment complex in Oradell, in a newly announced transaction by SAGE Investment Real Estate Advisors.

Finance & Capital Markets
Madison Realty, Taurasi ink $97 million construction loan for Hoboken condo project

A developer has snagged a $97 million construction loan for its plan to create 110 upscale, loft-style condominiums at what’s currently an industrial building in southwest Hoboken.

Government & Public Policy
New affordable, supportive housing taking shape near hospitals with help of HMFA program

The first projects have arrived under a state program aimed at creating affordable and supportive housing near hospitals — providing shelter and other services while reducing the burden on local health care institutions — as officials eye continued growth for the program.

Residential & Mixed Use
Value Cos. welcomes Mirman as executive vice president

Matthew Mirman has joined Value Cos. as an executive vice president, with a focus on business development and strategic planning for the Clifton-based apartment owner.

Residential & Mixed Use
RHO Residential marks five years since founding, touting record growth year for North Jersey property management business

Property management firm RHO Residential is seeing its best year of growth as it marks the fifth anniversary of its founding, as it looks to execute leasing at five new North Jersey apartment properties totaling more than 600 units by midyear.

Residential & Mixed Use
Vida Capital eyes launch of leasing at new 44-unit Bayonne rental property

Commercial real estate firm Vida Capital is set to unveil a new 44-unit luxury apartment building that has brought new life to a former industrial property in Bayonne.

Finance & Capital Markets
Developer inks $5.4 million refi of new 19-unit Bayonne rental building, HKS says

The owner of a newly completed, 19-unit apartment building in Bayonne has refinanced the property for $5.4 million, in a deal arranged by HKS Real Estate Advisors.