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.

UNLMTD, Fiat unveil plan for Fort Lee rental project with EV car-sharing program

More than 300 new luxury apartments are coming to Fort Lee as part of a newly announced partnership between UNLMTD Real Estate and Fiat, the global automaker, at a building whose residents will have access to an on-site fleet of electric vehicles.

Cervelli closes $1 million sale of six-unit rental building in Newark’s Ironbound

A private investor has sold a six-unit apartment building in Newark’s popular Ironbound section, in a newly announced deal by Cervelli Real Estate & Property Management.

Waterfront reboot

As you’ll read in this month’s cover story, 601W Cos. is drawing on that experience as it prepares to reposition the 2 million-square-foot Harborside property, which it acquired earlier this year from Veris Residential Inc. for a whopping $420 million. Its plans include the addition of important but notably absent amenities such as a fitness center, a conference center and a tenant lounge, as well as a 10,000-square-foot rooftop deck that will provide uninterrupted views of Manhattan. That vision will take shape in the months ahead as 601W looks to meet the demand for dynamic, upscale spaces despite unease within the office market — with the belief that the best is still to come for Jersey City.

KRE, National land $124 million refi of 458-unit Jersey City rental tower, Cronheim says

Kushner Real Estate Group and National Real Estate Advisors have secured more than $124 million to refinance a 458-unit residential tower in downtown Jersey City.

Sanzari promotes Schleer to vice president of construction

Alfred Sanzari Enterprises has promoted longtime team member John Schleer to vice president of construction, the Teaneck-based firm announced.

Greystone, Tryko close $22 million refi of 101-unit affordable housing complex in Carteret

Greystone has provided a nearly $22 million loan to refinance a 10-building, 101-unit affordable housing property in Carteret.

JLL: Buyer wanted for new 350-unit luxury rental tower in Jersey City

A newly built, 350-unit apartment tower in one of Jersey City’s fast-growing neighborhoods is on the market for sale, under a newly announced offering by JLL.

CrownPoint eyes 125-unit rental project after closing on Randolph development parcel

CrownPoint Group has acquired a nearly 15-acre development site in Randolph that is fully approved for 125 upscale apartments and townhomes.

Association honors Jersey City apartment developers, builders in inaugural awards program

Real estate leaders along the Hudson waterfront took center stage last week when the Jersey City Apartment Owners Association hosted a newly launched awards program.

New 52-unit luxury rental building in Pompton Lakes fetches $20 million, Hudson Atlantic says

A private investor has purchased a newly completed, 52-unit apartment building in Pompton Lakes for $20 million, according to a brokerage team with Hudson Atlantic Realty.