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
Cervelli: Six-unit rental building in Jersey City Heights sold for $1.1 million

A private investor has purchased a six-unit apartment building in Jersey City Heights for $1.1 million, in a deal arranged by Cervelli Real Estate & Property Management.

Residential & Mixed Use
Boutique apartment building in Jersey City’s Bergen-Lafayette trades for $391,000 per unit

An investor has acquired a new 16-unit luxury apartment building in Jersey City for $6.65 million, in a deal arranged by Redwood Realty Advisors.

Residential & Mixed Use
Deluccia inks sale of six-unit apartment, retail building in downtown Somerville

A local family has sold a six-unit apartment and retail building in downtown Somerville, in a newly announced deal by Deluccia Commercial Group.

Community
New gallery for Newark Arts opens at Russo’s Vermella Broad Street project

Russo Development has opened the doors to a new year-round art gallery at the base of Vermella Broad Street, a 296-unit luxury apartment property that opened earlier this year.

Government & Public Policy
DCA issues affordable housing guidelines to address present, future deficit of 150,000 units

The state has released its highly anticipated guidelines for each municipality’s affordable housing obligations, following the adoption of a law earlier this year that sought to streamline the complex, often controversial process that has vexed policymakers for decades.

Residential & Mixed Use
Leasing underway at Walters’ newest affordable housing property in Manahawkin

Walters has kicked off leasing at the second piece of an income-restricted apartment property in the Manahawkin section of Stafford Township, delivering another 34 units to the site.

Residential & Mixed Use
Buyer wanted for two-year-old, 232-unit rental property in Belleville, JLL says

The owner of 232 luxury apartments in Belleville has put the property on the market for sale, in an offering that comes just two years after the completion of the two-building development.

Residential & Mixed Use
Taylor Architecture: Developer lands planning board approval for 62 apartments in Dunellen

Dunellen could soon welcome another 62 apartments to its central business district as part of a project that the borough’s planning board approved late last month.

Professional Services
NAIDB adds Teixeira as vice president with brokerage team

Priscilla Teixeira has joined NAI DiLeo-Bram & Co. as a vice president, marking the latest addition to the Woodbridge-based brokerage team.

Residential & Mixed Use
KRE Group joins local officials to debut Beacon Hill, new 285-unit rental property in Marlboro

Kushner Real Estate Group has welcomed its first residents to a new garden-style apartment property in Marlboro, where it has leased more than 70 percent of its 285 homes.