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.

Top News
Indictment against Norcross, allies details alleged pattern of extortion, political pressure behind Camden’s highest-profile development projects

A series of land deals, developers and high-profile construction projects along Camden’s waterfront are now in the spotlight after New Jersey’s attorney general announced a bombshell indictment against South Jersey power broker George Norcross and five others.

Finance & Capital Markets
Colony Hills, Balfour Beatty buy 296-unit Mount Laurel rental complex from NYL for $80 million

A joint venture has acquired a 14-building, 296-unit apartment complex in Mount Laurel for $79 million, according to brokers involved in the deal and a related financing transaction.

Residential & Mixed Use
Joint venture breaks ground on 90-unit multifamily project in downtown Dover

A development team has broken ground on a 90-unit luxury apartment building in Dover, seeking to bring new life to a long-vacant parcel downtown.

Residential & Mixed Use
JLL: Buyer wanted for 110-unit luxury rental property in Edgewater

The longtime owner of a 110-unit luxury apartment complex in Edgewater has put the property on the market for sale, in an offering by JLL’s New Jersey capital markets group.

Residential & Mixed Use
Eight-unit rental project in Dunellen wins planning board approval, Taylor Architecture says

A developer is moving forward with plans for a new eight-unit apartment building in Dunellen, having secured an approval late last month from the borough’s planning board.

Government & Public Policy
EDA looks to buy NJ Transit land sites under new legislative proposal, providing cash infusion while spurring development near train stations

State officials have unveiled a new plan to help NJ Transit monetize its real estate holdings, announcing a proposal in which it would sell properties to a fellow agency that it says is better equipped to market them for development.

Residential & Mixed Use
Russo, Hampshire debut 425-unit final phase of Hackensack’s Print House campus

The developers of the high-profile Print House project in Hackensack have completed its second phase, bringing another 425 luxury apartments to the city’s largest new residential property.

Hospitality & Tourism
JLL: Cardinale seeking partners for massive Adventure Crossing project in Jackson

Cardinale Enterprises is seeking equity partners for a three-phase, 222-acre project in Jackson where plans call for a new convention center, two hotels and hundreds of residential units alongside a host of existing retail space and athletic facilities.

Residential & Mixed Use
Kaplan builds on 60-year legacy in Sayreville with new 176-unit rental project

Kaplan Cos. has opened the doors to a new 176-unit rental property in Sayreville, its latest project during six decades of development in the borough.

Residential & Mixed Use
Value Cos. adds retired police chief as construction manager, director of security

Value Cos. has hired former North Caldwell Police Chief Mark Deuer as its construction manager and director of security.