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
Bravo Property Trust lends $46 million for 128-unit Bayonne rental project

A developer has secured a $46 million construction loan to complete a 10-story, 128-unit luxury apartment building in one of Bayonne’s key thoroughfares.

Residential & Mixed Use
Marcus: Investor buys Somerville property with 10 apartments, retail space for $4.2 million

An investor has acquired a nearly 18,000-square-foot mixed-use building in downtown Somerville for $4.2 million, in a newly announced deal by Marcus & Millichap.

Finance & Capital Markets
Fernmoor snags $29 million bridge loan to refi 144-unit rental project in Winslow, CBRE says

A homebuilder has landed a $29 million bridge loan for a 144-unit multifamily property in suburban Camden County, according to a debt placement team with CBRE.

Residential & Mixed Use
LCOR buys Jersey City development site from Veris Residential, eyes new high-rise project

LCOR Inc. has secured a nearly two-acre development site in downtown Jersey City, acquiring the parcel from Veris Residential Inc. in a $54 million deal arranged by JLL.

Finance & Capital Markets
Ease Capital, AIRN close $32 million loan for 97-unit rental project in West New York

AIRN Management has landed $32 million in construction takeout financing for its new 97-unit multifamily property in West New York, according to the lender in the deal.

Residential & Mixed Use
Berkadia: Investor buys 36-unit Elizabeth rental property with upside for $4.8 million

The longtime owner of a 36-unit garden apartment building in Elizabeth has sold the property for $4.8 million, in a newly announced deal by Berkadia.

Residential & Mixed Use
Woodmont touts full lease-up of 120-unit rental property near Hackettstown

Woodmont Properties has completed its lease-up of a new 120-unit luxury rental property at the eastern edge of Warren County.

Top News
NJPAC redevelopment underway as construction begins for redesigned outdoor space

Construction is underway for a project that will revamp the New Jersey Performing Arts Center’s outdoor space, in the first piece of a major redevelopment for the Newark theater complex.

Residential & Mixed Use
Investor buys 24-unit apartment complex in Oradell, in value-add deal brokered by SAGE

A long-term owner has sold a 24-unit garden apartment complex in Oradell, in a newly announced transaction by SAGE Investment Real Estate Advisors.

Finance & Capital Markets
Madison Realty, Taurasi ink $97 million construction loan for Hoboken condo project

A developer has snagged a $97 million construction loan for its plan to create 110 upscale, loft-style condominiums at what’s currently an industrial building in southwest Hoboken.