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
Gebroe-Hammer inks sale of 83 apartments in Paterson, in deals totaling $12.4 million

An apartment owner has sold 83 units in Paterson for a combined $12.36 million, in a series of newly announced transactions by Gebroe-Hammer Associates.

Residential & Mixed Use
Construction nearly complete at 250-unit Newark Urby project

Developers are nearing completion of a project that will bring another 250 apartments to downtown Newark, in what will be the latest piece of a growing residential brand.

Professional Services
Gilbane taps Cornick as vice president, New Jersey business unit leader

Gilbane Building Co. has named a new head of its New Jersey office, promoting a longtime team member to the role of vice president and business unit leader in the state.

Residential & Mixed Use
Six-building, 132-unit Monmouth apartment complex fetches $29 million, Kislak says

An investor has purchased a 132-unit apartment complex in Keyport for $29 million, under a deal arranged by The Kislak Co. Inc.

Residential & Mixed Use
New 296-unit Garwood rental property more than 50 percent leased, Russo says

Renters have leased more than 50 percent of a new 296-unit luxury apartment property in Garwood, one of the latest pieces of Russo Development’s vast multifamily platform.

Residential & Mixed Use
Somerset County apartment, retail building trades for $4.1 million, Deluccia says

An apartment and retail building in Somerset County has changed hands for more than $4.1 million, in a newly announced deal by Deluccia Commercial Group.

Residential & Mixed Use
Kushner set to begin 307-unit senior housing building, in reuse of Fair Lawn office parcel

More than 300 new apartments are coming to the Bergen County borough of Fair Lawn, where Kushner is redeveloping the site of a vacant office building near Route 208.

Finance & Capital Markets
Developer of 629-unit Jersey City rental property lands $160 million perm loan

The developer of more than 600 new apartments in Jersey City’s West Side neighborhood has refinanced the property for $160 million, in a transaction arranged by Progress Capital.

People
Diversified Properties taps Matarazzo as new CFO

Diversified Properties has announced the hiring of a new chief financial officer.

Residential & Mixed Use
Veris Residential names head of sustainability, ESG amid release of new report

Veris Residential Inc. has named a new senior vice president and head of sustainability and environmental, social and governance, as it unveils a report detailing its progress in those areas since the real estate investment trust rebranded and revamped its platform.