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
Investors trade 53-unit apartment portfolio in Woodbridge, Marcus & Millichap says

A private investor has sold a three-building, 53-unit apartment portfolio near downtown Woodbridge, according to an investment sales team with Marcus & Millichap.

Residential & Mixed Use
JLL: AvalonBay sells 617-unit Westchester rental property in deal with Harbor Group, Azure

AvalonBay Communities Inc. has sold a 617-unit multifamily property in New York’s Westchester County, in a deal arranged by JLL’s Morristown-based capital markets team.

Residential & Mixed Use
Gebroe-Hammer inks sale of Orange apartments, with deals totaling $979 million at midyear

A private investor has purchased a 120-unit apartment building in Orange for more than $22 million, brokers with Gebroe-Hammer Associates announced, touting the firm’s completion of nearly $1 billion in multifamily investment sales during the first half of 2022.

Residential & Mixed Use
JLL: Parsippany apartments fetch $83 million in deal involving Harbor Group, DSF affiliates

A global investment firm has sold a 212-unit luxury apartment building in Parsippany for more than $80 million, allowing a Boston-based buyer to expand its holdings in the state.

Residential & Mixed Use
Tulfra, Hampshire mark lease-up of new 180-unit rental community in North Haledon

Tulfra Real Estate and The Hampshire Cos. have completed their lease-up of a new 180-unit luxury apartment development in the Passaic County borough of North Haledon.

Residential & Mixed Use
Hudson Atlantic: Stratford apartments trade for first time in 60 years, fetching $9.5 million

The owner of an 82-unit apartment complex in Camden County has sold the property for the first time in its 59-year history, in a deal arranged by Hudson Atlantic Realty.

Residential & Mixed Use
Claremont completes sale of 240-unit Park Ridge property to Veris Residential

A development team has completed its sale of a new 240-unit luxury apartment building in Park Ridge, commanding $130 million for the property in a deal with Veris Residential Inc.

Residential & Mixed Use
Developer sells 15-unit Cliffside Park apartment building for $6.5 million, Veerman says

The developer of a 15-unit apartment building in Cliffside Park has sold the property for $6.5 million, in a newly announced deal by Veerman Asset Management.

Top News
Procida joins developer, local officials to unveil final phase of Northvale condos

Paris Square at 199 Paris Ave. in Northvale — Courtesy: Procida Funding By Joshua Burd A development team has marked the long-awaited completion of an age-restricted, 111-unit condominium complex in the Bergen County borough of Northvale. Procida Funding, a lender…

Residential & Mixed Use
Jersey City approves redevelopment, affordable housing pact for first phase of Bayfront

Plans to transform Jersey City’s massive Bayfront property took a key step forward this week with the approval of a redevelopment agreement for the first phase, a proposed 209-unit building with more than a third of its apartments reserved for lower-income renters.