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.

Finance & Capital Markets
Veris Residential inks $340 million refi of 750-unit Jersey City rental tower, reports say

Veris Residential Inc. has landed a $340 million Freddie Mac loan for its recently completed, 750-unit apartment tower in downtown Jersey City, according to published reports.

Top News
Kaplan ramps up commercial unit with projects in self-storage, modern retail

Kaplan Cos. is stepping up the expansion of its commercial division, with a focus on new self-storage development and efforts to reposition retail assets to meet changing consumer needs.

Finance & Capital Markets
Capital One closes $200 million debt package for 1,300-unit portfolio in New Jersey, New York

Capital One has provided $200 million in financing in connection with four apartment properties spanning more than 1,300 units in New Jersey and New York, the lender announced.

Residential & Mixed Use
Investor sells 18 apartments, two retail spaces in Elizabeth portfolio deal, Kislak says

A private investor has purchased a combined 18 apartments and two retail spaces in Elizabeth for more than $4 million, in a newly announced deal by The Kislak Co. Inc.

Residential & Mixed Use
LeFrak unveils pickleball courts in iconic Newport neighborhood in Jersey City

The fast-growing pickleball craze has arrived in Jersey City’s acclaimed Newport district, where LeFrak has transformed a plaza space into free pop-up courts that are open to the public.

Residential & Mixed Use
Four-unit Riverside apartment building trades in estate sale brokered by Vantage Commercial

A four-unit multifamily property in Burlington County has changed hands as part of a newly completed estate sale, according to a brokerage team with Vantage Commercial.

Residential & Mixed Use
FirstService named property manager for East Brunswick condo complex

The owners of a 184-unit condominium complex in East Brunswick have tapped FirstService Residential to manage the property.

Finance & Capital Markets
W&D: PRC refinances new 162-unit Bayonne rental property for $36 million

The PRC Group has snagged $36 million in financing for a new 162-unit luxury apartment complex in Bayonne, in a deal arranged by Walker & Dunlop.

Residential & Mixed Use
Fennelly named broker for residential development sites in Hamilton, South Brunswick

A development site with approvals for 166 new apartments is on the market for sale in Hamilton, in one of two newly announced offerings by Fennelly Associates.

Finance & Capital Markets
JLL: Panepinto lands $193 million construction loan for 605-unit Journal Square tower

Panepinto Properties has secured a $193 million construction loan for a planned 605-unit luxury apartment tower in Jersey City’s booming Journal Square neighborhood.